BUS 252
California Lutheran University
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Accounting Test Bank /ACNT 2402 Chapter 01 to chapter 12 Questions and Answers 2023& study guide with complete solution
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Accounting Test Bank /ACNT 2402 Chapter 01 to chapter 12 Questions and Answers 2023& study guide with complete solution
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ACNT 2402 Chapter 03 -- Activity-Based Costing -Questions and Answers 2023& study guide with complete solution
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1. Batch-level activities are performed each time a batch of goods is processed. The cost of a 
batch-level activity is proportional to the number of units in the batch. 
FALSE 
2. Activity-based costing involves a two-stage allocation process in which overhead costs are 
first assigned to departments and then allocated to products using activity measures. 
FALSE 
3. In the second-stage allocation in activity-based costing, overhead costs are allocated from 
activity cost pools to products. 
TRU...
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Accounting Test Bank 24>AICPA BB: Critical Thinking AICPA FN: Measurement Blooms: Apply Difficulty: 2 Medium
- Exam (elaborations) • 93 pages • 2023
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109 
. 
At what purchase price for the wheels would Talbot be indifferent 
between making or buying the wheels? 
A. $1.70 per 
wheel 
B. $1.60 per 
wheel 
C. $1.55 per 
wheel 
D. $1.15 per 
wheel 
The company would be indifferent at a price of $1.60 per wheel 
($160,000 ÷ 100,000 wheels). 
AACSB: Analytic 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Apply 
Difficulty: 3 Hard 
Learning Objective: 12-03 Prepare a make or buy analysis. 
Rama Corporation is presently making part J56...
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BUS 252 Accounting Test Bank 20 Questions and Answers(2022/2023)
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105. The wages and salaries in the planning budget for May would be closest to: 
A. $18,34 
4 
B. $18,60 
6 
C. $18,72 
0 
D. $18,93 
6 
Cost = Fixed cost + (Variable cost per unit × q) 
= $3,600 + ($5.40 × 2,800) = $18,720 
AACSB: Analytic 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Apply 
Difficulty: 1 Easy 
Learning Objective: 09-01 Prepare a flexible budget. 
106. The administrative expenses in the planning budget for May would be closest to: 
A. $7,02 
6 
B. $6,92 
7 
C. ...
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BUS 252 Accounting Test Bank 18 Questions and Answers(2022/2023)
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42. Lynne Catering uses two measures of activity, jobs and meals, in the cost formulas in its 
budgets and performance reports. The cost formula for catering supplies is $480 per 
month plus $91 per job plus $14 per meal. A typical job involves serving a number of 
meals to guests at a corporate function or at a host's home. The company expected its 
activity in June to be 10 jobs and 79 meals, but the actual activity was 14 jobs and 77 
meals. The actual cost for catering supplies in June was ...
Too much month left at the end of the money?
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Accounting Test Bank 13 Questions and Answers(2022/2023)
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206 
. 
Ivancevic Inc., which produces a single product, has provided the following data for 
its most recent month of operation: 
The company had no beginning or ending inventories. 
Required: 
Compute the unit product cost under variable costing. Show your work! 
207 
. 
Sproull Inc., which produces a single product, has provided the following data for its 
most recent month of operation: 
The company had no beginning or ending inventories. 
Required: 
a. Compute the unit product cost under ab...
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BUS 252Accounting Test Bank 07
- Exam (elaborations) • 181 pages • 2023
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74. Sanes Corporation produces and sells a single product. Data concerning that product 
appear below: 
The unit sales to attain the company's monthly target profit of $19,000 is closest to: 
A. 3,42 
6 
B. 5,83 
3 
C. 3,80 
6 
D. 2,15 
8 
75. A product sells for $10 per unit and has variable expenses of $6 per unit. Fixed expenses 
total $45,000 per month. How many units of the product must be sold each month to 
yield a monthly profit of $15,000? 
A. 6,000 
units 
B. 3,750 
units 
C. 15,000 
...
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BUS 252 Accounting Test Bank 20
- Exam (elaborations) • 94 pages • 2023
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105. The wages and salaries in the planning budget for May would be closest to: 
A. $18,34 
4 
B. $18,60 
6 
C. $18,72 
0 
D. $18,93 
6 
Cost = Fixed cost + (Variable cost per unit × q) 
= $3,600 + ($5.40 × 2,800) = $18,720 
AACSB: Analytic 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Apply 
Difficulty: 1 Easy 
Learning Objective: 09-01 Prepare a flexible budget. 
106. The administrative expenses in the planning budget for May would be closest to: 
A. $7,02 
6 
B. $6,92 
7 
C. ...
-
BUS 252 Accounting Test Bank 18 Test Questions and Answers(2022/2023)
- Exam (elaborations) • 124 pages • 2023
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- $9.49
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42. Lynne Catering uses two measures of activity, jobs and meals, in the cost formulas in its 
budgets and performance reports. The cost formula for catering supplies is $480 per 
month plus $91 per job plus $14 per meal. A typical job involves serving a number of 
meals to guests at a corporate function or at a host's home. The company expected its 
activity in June to be 10 jobs and 79 meals, but the actual activity was 14 jobs and 77 
meals. The actual cost for catering supplies in June was ...
-
BUS 252 Accounting Test Bank 09 Test Questions and Answers(2022/2023)
- Exam (elaborations) • 102 pages • 2023
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19. The first-stage allocation in activity-based costing is the process by which 
overhead costs are assigned to activity cost pools. 
TRUE 
AACSB: Reflective Thinking 
AICPA BB: Critical Thinking 
AICPA FN: Measurement 
Blooms: Remember 
Difficulty: 1 Easy 
Learning Objective: 07-02 Assign costs to cost pools using a first-stage allocation. 
20. Activity-based costing involves a two-stage allocation in which overhead costs are 
first assigned to departments and then to jobs. 
TRUE 
AACSB: Refle...
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