CH10 Quiz – Soar Incorporated
Managerial Accounting
Wild and Shaw
07th Edition
The impact on operating income for eliminating this business segment would be:
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Your numbers will vary.
The impact on operating income for eliminating this business segment would be:
Your numbers will vary.
Listed are costs of providing airline service. Advertising, beverages, salaries, etc. Classify each cost as (a) either variable or fixed, and (b) either direct or indirect.
Selected costs related to Apple’s iPhone are listed below. Identify each cost as either direct materials, direct labor, factory overhead, selling expenses, or general and admin
Airline service costs. Classify each cost as variable or fixed, direct or indirect. (advertisements, beverages, CEO salary, depreciation, fuel, pilot, stewardess, maintenance)
Many fast-food restaurants compete on lean business methods. Match activities for a fast-food restaurant with the lean business concept.
Based on Apple’s iPhone, identify costs as either direct materials, direct labor, factory overhead, selling , or administrative expenses. (Screen, supervisor, workers, executive, glue, uniforms, wages retail, depreciation)
Soccer Balls: Identify as fixed, variable, direct, indirect. (leather, security, coolants, wages, thread, tax, depreciation)
For each of the following accounts for a manufacturing company, select in the column indicating that it appears on the balance sheet, the income statement, the schedule of cost of goods manufactured. (accounts rec, etc.)
Indicate the primary source of information (Financial or Managerial) for each business decision. (lend, purchasing, board, new line, budget, profitability, reports location)
TechPro: Identify as variable, fixed, direct, indirect. (depreciation, internet, materials, travel, wages)