please let me know if you are able to help me see attached 8 questions
please let me know if you are able to help me see attached 8 questions
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Quiz March 23, 2016Question 1(1 point)Which of the following is true about the diFerences between ±nancial and managerialaccounting?Question 1 options:Managerial accounting presents less non-monetary information than financial accountingManagerial accounting cannot deviate from generally accepted accounting principlesManagerial accounting places more emphasis on the futureManagerial accounting presents information in a highly summarized formSaveQuestion 2(1 point)Elroy Rocket is entering his senior year as an accounting major and has a number of optionsfor his summer break. His options for the 3 month break follow:(1) Work full time at a local accounting ±rm making $3,950 per month.(2) Take a summer class which will cost $800 and work half time making $1,100 per month.(3) Take a class at a cost of $800 and not work at all during the summer.Elroy’s incremental pro±t or loss if he chooses option 2 over option 1 would beYour Answer:Question 2 options:AnswerSaveQuestion 3(1 point)12
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Triton Company’s copy department, which does almost all of the photocopying for the salesdepartment and the administrative department, budgets the following costs for the year,based on the expected activity of copies:Salaries (fixed)$86,500Employee benefits (fixed)10,000Depreciation of copy machines(fixed)10,000Utilities (fixed)5,000Paper (variable, 1 cent percopy)50,000Toner (variable, 1 cent percopy)50,000The costs are assigned to two cost pools, one for Fxed and one for variable costs. The costsare then assigned to the sales department and the administrative department. ±ixed costsare assigned on a lump-sum basis, 40 percent to sales and 60 percent to administration. Thevariable costs are assigned at a rate of 2 cents per copy.Assuming the following copies were made during the year, 2,735,500 for sales and2,995,750 for administration, calculate the copy department costs allocated to sales.Your Answer:Question 3 options:AnswerSaveQuestion 4(1 point)Which organizational o²cer is directly responsible for managing a company’s cash andfunds invested in various marketable securities?Question 4 options:Controller34
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