ACCT 505
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ACCT 505 WEEK 6 QUIZ-2
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ACCT 505 WEEK 6 QUIZ-2 
Grade Details - All Questions 
1. Question : (TCO D) A company that has a profit can 
increase its return on investment by 
Student Answer: 
increasing sales revenue and operating 
expenses by the same dollar amount. 
increasing average operating assets and 
operating expenses by the same dollar amount. 
increasing sales revenue and operating 
expenses by the same percentage. 
decreasing average operating assets and 
sales by the same percentage. 
Instructor 
Explanation:...
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ACCT 505 FINAL EXAM GUIDE (NEW) SET 3
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ACCT 505 FINAL EXAM GUIDE 
(NEW) SET 3 
(TCO E) Preparing purchase orders is a(n) (Points : 5) 
batch-level activity. 
product-level activity. 
unit-level activity. 
organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $70,000 
Net operating income $10,000 
Contribution margin $20,000 
Average operating assets $50,000 
Stockholder's equity $25,000 
(
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ACCT 505 FINAL EXAM.
- Exam (elaborations) • 8 pages • 2022
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ACCT 505 FINAL EXAM. 
Question 1.1. (TCO E) Installing a custom logo on a boat is a(n) (Points : 10) 
batch-level activity. 
product-level activity. 
unit-level activity. 
organization s ustaining activity. 
Question 2.2. (TCO G) Given the following data, what would ROI be? 
Sales $70,000 
Net operating income $10,000 
Contribution margin $20,000 
Average operating assets $50,000 
Stockholder's equity $25,000 
(Points : 10) 
28.6% 
20.0% 
40.0% 
50.0% 
Page
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ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS
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ACCT 505 WEEK 4 MIDTERM EXAM 
ANSWERS 
1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a 
: 
Prime Cost YES.....Conversion Cost NO. 
Prime Cost YES.....Conversion Cost YES. 
Prime Cost NO....Conversion Cost NO. 
Prime Cost NO.....Conversion Cost YES. 
: Chapter 2
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ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS
- Exam (elaborations) • 8 pages • 2022
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ACCT 505 WEEK 4 MIDTERM EXAM 
ANSWERS 
1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a 
: 
Prime Cost YES.....Conversion Cost NO. 
Prime Cost YES.....Conversion Cost YES. 
Prime Cost NO....Conversion Cost NO. 
Prime Cost NO.....Conversion Cost YES. 
: Chapter 2 
2. Question : (TCO A) A cost incurred in the past that is not relevant to any current 
decision is classified as a(n) 
: 
period cost. 
incremental cost. 
opportunity cost. 
None of the above 
: Chapte...
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ACCT 505 FINAL EXAM GUIDE (NEW) SET 3
- Exam (elaborations) • 8 pages • 2022
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ACCT 505 FINAL EXAM GUIDE 
(NEW) SET 3 
(TCO E) Preparing purchase orders is a(n) (Points : 5) 
 batch-level activity. 
 product-level activity. 
 unit-level activity. 
 organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $70,000 
Net operating income $10,000 
Contribution margin $20,000 
Average operating assets $50,000 
Stockholder's equity $25,000 
(Points : 5) 
 28.6% 
 20.0% 
 40.0% 
 50.0% 
3. (TCO C) Heckaman Corporation produces an...
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ACCT 505 WEEK 4 MIDTERM EXAM ANSWERS
- Exam (elaborations) • 8 pages • 2021
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- $14.49
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ACCT 505 WEEK 4 MIDTERM EXAM 
ANSWERS 
1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a 
: 
Prime Cost YES.....Conversion Cost NO. 
Prime Cost YES.....Conversion Cost YES. 
Prime Cost NO....Conversion Cost NO. 
Prime Cost NO.....Conversion Cost YES. 
: Chapter 2 
2. Question : (TCO A) A cost incurred in the past that is not relevant to any current 
decision is classified as a(n) 
: 
period cost. 
incremental cost. 
opportunity cost. 
None of the above 
: Chapter 2 
...
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ACCT 505 FINAL EXAM GUIDE (NEW) SET 3
- Exam (elaborations) • 8 pages • 2021
-
- $12.49
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ACCT 505 FINAL EXAM GUIDE 
(NEW) SET 3 
(TCO E) Preparing purchase orders is a(n) (Points : 5) 
batch-level activity. 
product-level activity. 
unit-level activity. 
organization sustaining activity. 
2. (TCO G) Given the following data, what would ROI be? 
Sales $70,000 
Net operating income $10,000 
Contribution margin $20,000 
Average operating assets $50,000 
Stockholder's equity $25,000 
(Points : 5) 
28.6% 
20.0% 
40.0% 
50.0% 
3. (TCO C) Heckaman Corporation produces and sells a single p...
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ALL ACCT 505 QUIZZES (BUNDLE) | LATEST UPDATE
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ACCT 505 CHAPTER 1 SELF-STUDY QUIZ | 100% CORRECT
ACCT 505 WEEK2 QUIZ | VERIFIED SOLUTION
ACCT 505 PRACTICE QUIZ 2 | VERIFIED ANSWERS
ACCT 505 WEEK 6 QUIZ-2 | GRADED A
ACCT 505 WEEK 2 QUIZ 1 | GRADED A

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ALL ACCT 505 FINAL EXAMS (BUNDLE) | VERIFIED SOLUTION
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ACCT 505 FEDERAL TAX FINAL EXAM | LATEST UPDATE
ACCT 505 WEEK 8: FINAL EXAM GUIDE | VERIFIED SOLUTION
ACCT 505 FINAL EXAM. | UPDATED GUIDE
ACCT 505 FINAL EXAM GUIDE (NEW) SET 3

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