
College Acct 2- Chapter 11
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
The sunk cost in the situation with the Tolar Corporation's outdated printers is:
Back
$35,000
2.
FLASHCARD QUESTION
Front
In a sell or process further decision, consider the following costs:
1. A variable production cost incurred prior to split-off.
2. A variable production cost incurred after split-off.
3. An avoidable fixed production cost incurred after split-off.
Which of the above costs is (are) NOT relevant in a decision regarding whether the product should be processed further?
Back
Only 1
3.
FLASHCARD QUESTION
Front
The company has a capacity of 4,000 machine hours, but there is virtually unlimited demand for each product. In order to maximize total contribution margin, how many units of each product should the company produce? Options: 0 units of X, 0 units of Y, and 200 units of Z; 0 units of X, 500 units of Y, and 0 units of Z; 2,000 units of X, 0 units of Y, and 0 units of Z; 2,000 units of X, 500 units of Y, and 200 units of Z
Back
2,000 units of X, 0 units of Y, and 0 units of Z
4.
FLASHCARD QUESTION
Front
Are the materials costs and processing costs relevant in the choice between alternatives X and Y?
Back
Only materials costs are relevant
5.
FLASHCARD QUESTION
Front
A special order should be accepted if the revenue from the special order exceeds:
Back
the incremental (extra or "new") costs associated with the order.
6.
FLASHCARD QUESTION
Front
What would be the financial advantage (disadvantage) of reworking and selling the material rather than selling it as is as scrap?
Back
($6,000)
7.
FLASHCARD QUESTION
Front
The Wyeth Corporation produces three products, A, B, and C, from a single raw material input. Product A can be sold at the splitoff point for $30,000, or it can be processed further at a total cost of $15,000 and then sold for $49,000. Joint costs total $50,000 annually. What should Product A be?
Back
processed further and then sold.
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