AFAR

AFAR

University

70 Qs

quiz-placeholder

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Basic Accounting_Quiz No. 2

Basic Accounting_Quiz No. 2

University

68 Qs

AFAR

AFAR

Assessment

Quiz

Business

University

Easy

Created by

Lou-ya Kim

Used 1+ times

FREE Resource

70 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the amount of overhead applied to Department A?

3,360,000

5,950,000

5,025,000

3,730,000

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the amount of overhead applied to Department B?

5,220,000

4,480,000

5,466,667

6,700,000

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the joint cost allocated to Product A? (Round allocation ratio to the nearest percentage ex. .71545 = 72%)

25,500

54,060

32,640

28,560

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the joint cost allocated to Product B? (Round allocation ratio to the nearest percentage ex. .71545 = 72%)

69,360

76,500

47,940

73,440

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the approximated/estimated net realizable value of Product B at the split-off point?

1,360,000

931,200

1,344,000

952,000

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the estimated deficiency?

15,000

25,000

10,000

5,000

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

What is the amount received by the holder of the accounts payable?

60,000

75,000

50,000

65,000

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