I need help with this exam I need only the answers. i do some questions but i don’t is that correct. ATTACHMENT PREVIEW Download attachment exam ACT 5140.docx Using the weighted average method, whenever units in process are produced to a different percentage of completion for materials and labor, this creates a condition where: The number of equivalent units in process will invariably be different for materials and conversion costs The cost per equivalent unit for materials and conversion will be equal. It is inappropriate to use the process costing method. None of the above The cost of raw materials would best be classified as what type of activity? A unit-level activity A batch-level activity A product-level activity A facility-level activity Using cost-volume-profit analysis, we can conclude that a 20 percent reduction in variable costs will: Not affect the break-even sales volume if there is an offsetting 20 percent increase in fixed costs Reduce the break-even sales volume by 20 percent Reduce total costs by 20 percent Reduce the slope of the total costs line by 20 percent The following data was input into a spreadsheet program to determine the Intercept, Slope and R 2 (RSQ) for Patient Days and Maintenance Costs for a local hospital: Month January February March April May June July Intercept Slope RSQ Patent Days (X) Maintenance Costs (Y) 6,600 $8,900 8,100 $9,500 6,000 $8,400 7,500 $9,200 8,300 $10,100 9,000 $10,800 5,200 $8,800 $5,468 $0.541 0.79 The estimated total maintenance cost for August based on an estimated 7,000 patient days is: $9,2 55 $7,1 86 $7,9 85 $7,5 29 For which of the following manufactured products would process costing be more appropriate? Bridge construction Crude oil refining Custom-made jewelry High rise buildings To compete on the basis of service, the seller must carefully manage: The degree to which products or services meet customer’s needs Timely delivery and customer support Communications between buyer and seller Operating and maintenance costs The portion of each dollar that can be used to cover fixed costs and provide a profit is known as: Contribution margin ratio Gross margin percent Margin of safety Operating leverage Which of the following can be considered to be unethical behavior? Forecasting raw material requirements for next month’s production forecast Purchasing raw materials from a relative or friend rather than seeking bids Inspecting incoming raw materials from a supplier Working closely with a limited number of suppliers Nickolas Rentals offers machine rental services for concrete cutting. Consider the following costs of the company over the relevant range of 5,000 to 8,000 hours of operating time for its concrete cutting equipment. 5,000 Total Costs: Variable Costs Fixed Costs Total Costs Cost per hour: Variable cost Fixed cost Total cost per hour $ 40,000 168,000 $208000 ? ? ? Hours of Operating Time 6,000 7,000 8,000 ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? What is the estimated total fixed per hour at a volume 7,000 hours? $33. 60 $28. 00 $24. 00 $37. 60 Managerial accounting must conform to which of the following standards? Generally Accepted Accounting Principles (GAAP) International Financial Reporting Standards (IFRS) Internal Revenue Service tax code None of the above Which of the following descriptions best describes the process of controlling? Comparing the budget with actual results Preparing a budget for an organization that meets sales goals for the upcoming year Delegating authority to employees to address customer complaints Assigning managers to different regional centers to facilitate distribution of goods to customers Future costs that differ among competing alternatives are: Absorption costs Relevant costs Replacement costs Variable overhead costs Firms are more likely to accept a special order for one of their products at a reduced price if: All costs are variable Excess capacity exists The order is small The buyer plans to compete in the markets of the fi