ACCT 346 Course Great Wisdom / tutorialrank.com ACCT 346 Course Great Wisdom / tutorialrank.com | Page 4

(TCO 1) You own a car and are trying to decide whether or not to
trade it in and buy a new car. Which of the following costs is an
opportunity cost in this situation?
4. Question :
(TCO 1) Shula’s 347 Grill has budgeted the following costs for a
month in which 1,600 steak dinners will be produced and sold:
materials, $4,080; hourly labor (variable), $5,200; rent (fixed),
$1,700; depreciation, $800; and other fixed costs, $600. Each steak
dinner sells for $14.00 each. How much is the budgeted variable cost
per unit
5. Question :
(TCO 1) Which of the following is an example of a manufacturing
overhead cost?
6. Question :
(TCO 1) Which of the following is a period cost?
7. Question :
(TCO 1) If the balance in the Finished Goods Inventory account
increased by $30,000 during the period and the cost of goods
manufactured was $220,000, how much is cost of goods sold?
8. Question :
(TCO 2) BCS Company applies manufacturing overhead based on
direct labor cost. Information concerning manufacturing overhead and
labor for August follows:
Estimated
Actual
9.Question :