AFAR
Quiz
•
Business
•
University
•
Practice Problem
•
Easy
Lou-ya Kim
Used 1+ times
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70 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the amount of overhead applied to Department A?
3,360,000
5,950,000
5,025,000
3,730,000
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the amount of overhead applied to Department B?
5,220,000
4,480,000
5,466,667
6,700,000
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the joint cost allocated to Product A? (Round allocation ratio to the nearest percentage ex. .71545 = 72%)
25,500
54,060
32,640
28,560
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the joint cost allocated to Product B? (Round allocation ratio to the nearest percentage ex. .71545 = 72%)
69,360
76,500
47,940
73,440
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the approximated/estimated net realizable value of Product B at the split-off point?
1,360,000
931,200
1,344,000
952,000
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the estimated deficiency?
15,000
25,000
10,000
5,000
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
What is the amount received by the holder of the accounts payable?
60,000
75,000
50,000
65,000
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