SOLUTION: Introduction to Management Account Final Exam

Below is the attached word file consisting all the MCQ solution and excel file Marking it as final answer1)2)3)4)5)6)7)8)9)10)11)12)13)14)15)16)17)18)19)20)21)Option a)Option d)Option c) 3.16 yearsOption b) $537000Option c) $11026 increaseoption a) $185408Option c) $897474Option a) 451515 unitsoption d) Both “A” and “C”option d) Absorption costing allocates fixed manufacturing costs between cost of goodssold and inventories. Variable costing considers all fixed manufacturing costs as periodcostoption b) Sales budget to decide next year’s sales volumeOption b) Budgeted Balance sheetoption c) $300option a) It indicates actual labor hours exceeds the standard labor hours for theproduction level achievedoption b) $3.45Option d) RI is more likelyoption a) $1,800option a) the cost is a fixed cost, and total volume has increasedOption c) $50option c) $672,000option c) $86.97Problem 1Data from the question Raw MaterialsBeg25,000End55,000Work in ProcessBeg15,000Cost of Goods SoldManufacturing OverheadBeg0Your answer aMaterialpurchase==Directmaterialtransferred180,000+EndingInventory+55,000210000bCost of WIPend==Directmater…

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