Verified BUS105 Dumps Q&As - BUS105 Test Engine with Correct Answers
Pass Your BUS105 Dumps as PDF Updated on 2026 With 52 Questions
NEW QUESTION # 23
Wycliff Corporation manufactures several different styles of bicycles. Managers appropriately record direct materials and direct labor into work-in-process accounts during production. To apply manufacturing overhead, managers consider cost pools for assembly and shipping to calculate a predetermined overhead rate for each department. Which of the following best describes the method used by Wycliff Corporation for allocating manufacturing overhead costs?
- A. Activity-based
- B. Departmental
- C. Process
- D. Plantwide
Answer: B
NEW QUESTION # 24
Strang Tax provides tax consulting services to its clients whom they charge on an hourly basis. They would like to use differential analysis to determine whether profits would change if they dropped certain clients. Which of the following items should be excluded from this analysis?
- A. Wages payable
- B. Consulting fees
- C. Project management costs
- D. Rent expenses
Answer: D
NEW QUESTION # 25
Archer Corporation manufactures coffee cups in the Midwest. Using this data, calculate the total current period manufacturing costs for the Schedule of Cost of Goods Manufactured for the year ending on December 31, 2021.
- A. $925,000
- B. $679,000
- C. $604,000
- D. $554,000
Answer: C
NEW QUESTION # 26
Ladron Candies is analyzing sales and production data for the holiday boxes they produced last year. The company expected to use 2 pounds of direct materials to produce one box of specialty candy at a cost of $3.00 per pound. Invoices show the company purchased 1,650,000 pounds of direct materials at $2.90 per pound and used 1,580,000 pounds in production. They sold 800,000 boxes of candy to retailers. What is the materials quantity variance?
- A. $(165,000) favorable materials quantity variance
- B. $(165,000) unfavorable materials quantity variance
- C. $(60,000) favorable materials quantity variance
- D. $(60,000) unfavorable materials quantity variance
Answer: C
NEW QUESTION # 27
You are the newly hired manager of an individual restaurant chain. Which of the following responsibilities for your responsibility center would you be evaluated on?
- A. Return on investment for shareholders
- B. Investments in assets decisions
- C. Revenues, costs, and resulting profits
- D. Meeting cost budgets
Answer: C
NEW QUESTION # 28
Using the high-low method, what are the expected production costs for 600 units in December?
- A. $3,391
- B. $3,300
- C. $3,498
- D. $3,250
Answer: B
NEW QUESTION # 29
This is select financial statement data for Binks Corporation. What is the inventory turnover ratio for year 2?
- A. 4.4
- B. 7.2
- C. 2.3
- D. 4.7
Answer: D
NEW QUESTION # 30
Thompson Dental is deciding between two lease options for a new copier. They anticipate making 22,500 copies spread evenly over the course of the year. Which of the following options should they choose if they want to save the most money on an annual basis, and how much money will they save?
Option 1: Monthly lease: $225, Included copies: 1,500/month, Additional copies: $0.15 per copy Option 2: Monthly lease: $250, Included copies: 1,800/month, Additional copies: $0.02 per copy
- A. Option 1; $16 annual savings
- B. Option 1; $300 annual savings
- C. Option 2; $189 annual savings
- D. Option 2; $357 annual savings
Answer: D
NEW QUESTION # 31
What is the formula to calculate working capital?
- A. Total assets - Current liabilities
- B. Total assets - Total liabilities
- C. Current assets + Current liabilities
- D. Current assets - Current liabilities
Answer: D
NEW QUESTION # 32
Using this data, what is the number of units that must be sold in order to achieve a desired after-tax profit of $100,000?
- A. 12,800 units
- B. 15,360 units
- C. 16,000 units
- D. 14,800 units
Answer: D
NEW QUESTION # 33
Using this data, what is the contribution margin?
- A. $625,000
- B. $326,000
- C. $121,000
- D. $365,000
Answer: B
NEW QUESTION # 34
Valley Manufacturing uses a process costing system. Which of the following journal entries would correctly record $3,180 of manufacturing overhead to the assembly department?
- A.
- B.
- C.
- D.
Answer: B
NEW QUESTION # 35
Use the following relevant data to assign costs to units transferred out and units in ending WIP inventory. Total Units Accounted For:
Cost per Equivalent Unit:
What is the total cost of production?
- A. $4,500
- B. $3,325
- C. $9,000
- D. $1,800
Answer: A
NEW QUESTION # 36
Cash collections and payments for purchases would be included in which of the following budgets as part of the overall master budget?
- A. Cash budget
- B. Budgeted income statement
- C. Manufacturing overhead budget
- D. Direct materials purchases budget
Answer: A
NEW QUESTION # 37
This is select financial statement data for the three divisions of Technology Goods, Inc. Assuming all assets are operating assets, what is the return on investment for each division?
- A. 82.2%, 39.0%, 66.0%
- B. 53.0%, 32.0%, 50.9%
- C. 17.8%, 10.0%, 15.9%
- D. 33.1%, 31.3%, 31.2%
Answer: C
NEW QUESTION # 38
Which of the following would be a measure of managerial accounting?
- A. The balance sheet
- B. Capital budget
- C. Total liabilities as of June 1
- D. Statement of cash flows
Answer: B
NEW QUESTION # 39
The accounting department for Aramai Inc. is preparing the cash flow statement for the current year. Using the select financial statement data below, what is Aramai's net income when converted to cash provided by operating activities, using the indirect method?
- A. $545,350
- B. $553,350
- C. $380,650
- D. $493,550
Answer: D
NEW QUESTION # 40
You are the financial accountant for Antioch Ski Resort. Managers have been promised end-of-year bonuses if profits for the year increase by 10%. At the end of the year, you determine that profits increased by only 8%, and the managers ask you to "fudge the numbers a bit" so they can still receive their bonuses. What should you do?
- A. Consider inflating the profits for the year, since it is only a 2% difference
- B. Check whether the company has a policy on resolving ethical conflicts
- C. Report the managers to the CEO
- D. Resign from the company
Answer: B
NEW QUESTION # 41
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