Qui.z Submi.ssions - Fin.al Ex.am Part 1 100% (MGMT640)
Exam (elaborations)
Exam (elaborations) Quiz Submissions - Final Exam Part 1 100% (MGMT640)
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Qui.z Submi.ssions - Fin.al Ex.am Part 1 100% (MGMT640)
Institution
University Of Maryland University College
Exam (elaborations) Quiz Submissions - Final Exam Part 1 100% (MGMT640)
Question 1 1 / 1 point
A typical use of managerial accounting is to:
help investors and creditors assess the financial position of the company. help management get a clean audit report
help the marketing m...
Qui.z Submi.ssions - Fin.al Ex.am Part 1 100% (MGMT640)
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100% correct Quiz Submissions - Final Exam Part 1
Quiz Submissions - Final Exam Part 1
Question 1 point
A typical use of managerial accounting is to:
help investors and creditors assess the financial position of the company.
help management get a clean audit report
help the marketing manager decide which product promotion to implement
help the SEC decide whether management is in compliance of its policies.
1/1
point
Question 2
Three costs incurred by Pitt Company are summarized below:
1,000 units 2,000 units
Cost A $10,000 $15,000
Cost B $21,000 $21,000
Cost C $16,000 $32,000
Which of these costs are variable?
A, B, and C
A and B
A only
C only
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SOLUTION:
Variable costs increase or decrease in proportion to increases or decreases in level of business activity.
Cost Per Unit Cost t 2,000
(1,000 Units) Formula Units Formula
Cost A $ 10.00 $10,000/1,000 $ 20,000 $10*2,000
Cost B $ 21.00 $21,000/1,000 $ 42,000 $21*2,000
, 100% correct Quiz Submissions - Final Exam Part 1
Cost C $ 16.00 $16,000/1,000 $ 32,000 $16*2,000
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