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    Ferrari Quiz

    Uploaded by

    Shanthan Akkera
    This document contains a quiz with multiple choice questions about accounting and finance concepts. It reviews the student's answers on pages 3 and 4 of the quiz. The questions cover topics like variable overhead efficiency variance, contribution margin, segment profitability, and the potential effects of changes in variable expenses and fixed costs on net operating income. The student correctly answered most or all of the questions on these pages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Ferrari Quiz

    Uploaded by

    Shanthan Akkera
    109 views3 pages
    This document contains a quiz with multiple choice questions about accounting and finance concepts. It reviews the student's answers on pages 3 and 4 of the quiz. The questions cover topics like variable overhead efficiency variance, contribution margin, segment profitability, and the potential effects of changes in variable expenses and fixed costs on net operating income. The student correctly answered most or all of the questions on these pages.

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    This document contains a quiz with multiple choice questions about accounting and finance concepts. It reviews the student's answers on pages 3 and 4 of the quiz. The questions cover topics like variable overhead efficiency variance, contribution margin, segment profitability, and the potential effects of changes in variable expenses and fixed costs on net operating income. The student correctly answered most or all of the questions on these pages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    109 views3 pages

    Ferrari Quiz

    Uploaded by

    Shanthan Akkera
    This document contains a quiz with multiple choice questions about accounting and finance concepts. It reviews the student's answers on pages 3 and 4 of the quiz. The questions cover topics like variable overhead efficiency variance, contribution margin, segment profitability, and the potential effects of changes in variable expenses and fixed costs on net operating income. The student correctly answered most or all of the questions on these pages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    11/15/2020 Quiz-4 (Timed): Attempt review (page 3 of 4)

    Home / Courses / Online / MSITM-PMBA / 2020 / August 24, 2020 / ACC60171H220 / Module 6 (11/2-11/15): / Quiz-4 (Timed)

    Question 11 A manufacturing company that has only one product has established the following standards for its variable
    Correct manufacturing overhead. The company uses machine-hours as its measure of activity.
    1.00 points out
    of 1.00

    The following data pertain to operations for the last month:

    What is the variable overhead efficiency variance for the month?

    Select one:
    a. $8,842 U

    b. $1,013 F

    c. $8,843 F

    d. $8,730 U 

    Question 12 Ferrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for
    Correct the company for March appear below:
    1.00 points out
    of 1.00

    In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer
    business segment and $88,000 to the Commercial business segment
    The contribution margin of the Commercial business segment is:

    Select one:
    a. $137,000 
    Sales................................... $280,000

    Variable expenses..............   143,000

    Contribution margin.......... $137,000

    b. $184,000

    c. $62,000

    d. $423,000

    https://courses.campbellsville.edu/mod/quiz/review.php?attempt=1831774&cmid=2136810&page=2# 1/3
    11/15/2020 Quiz-4 (Timed): Attempt review (page 3 of 4)

    Question 13 Toxemia Salsa Company manufactures five flavors of salsa. Last year, Toxemia generated net operating income
    Correct of $40,000. The following information was taken from last year's income statement segmented by flavor
    1.00 points out (brackets indicate a negative amount):
    of 1.00

    Toxemia expects similar operating results for the upcoming year. If Toxemia wants to maximize its profitability in
    the upcoming year, which flavor or flavors should Toxemia discontinue?

    Select one:
    a. no avors should be discontinued

    b. Wimpy

    c. Wimpy and Mild 

    d. Wimpy, Mild, and Medium

    Question 14 Ferrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for
    Correct the company for March appear below:
    1.00 points out
    of 1.00

    In addition, common fixed expenses totaled $210,000 and were allocated as follows: $122,000 to the Consumer
    business segment and $88,000 to the Commercial business segment.

    Select one:
    a. test 

    b. test

    c. test

    d. test

    Question 15 O'Neill, Incorporated's income statement for the most recent month is given below.
    Correct

    1.00 points out


    of 1.00

    A proposal has been made that will lower variable expenses in Store A to 62% of sales. However, this reduction
    can only be accomplished by an increase in fixed expenses of $8,000. If this proposal is implemented and sales
    remain constant, overall company net operating income should:

    Select one:
    a. remain the same

    b. decrease by $4,200

    c. increase by $2,000 
    https://courses.campbellsville.edu/mod/quiz/review.php?attempt=1831774&cmid=2136810&page=2# 2/3
    11/15/2020 Quiz-4 (Timed): Attempt review (page 3 of 4)

    d. increase by $8,000

    Previous activity Next activity

    https://courses.campbellsville.edu/mod/quiz/review.php?attempt=1831774&cmid=2136810&page=2# 3/3

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