Online Access Free BUS105 Exam Questions

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.$(60,000) unfavorable materials quantity variance
• B.$(60,000) favorable materials quantity variance
• C.$(165,000) favorable materials quantity variance
• D.$(165,000) unfavorable materials quantity variance

Wycliff Corp. had an immaterial credit balance of $1,250 in the manufacturing overhead account after $21,750 was applied to the WIP inventory account. To close the manufacturing overhead account at the end of the period, assuming no further transactions took place, what should Wycliff do?

• A.Debit manufacturing overhead $20,500; credit cost of goods sold $20,500
• B.Debit manufacturing overhead $1,250; credit cost of goods sold $1,250
• C.Debit cost of goods sold $1,250; credit manufacturing overhead $1,250
• D.Debit cost of goods sold $20,500; credit manufacturing overhead $20,500

You are the Controller for Healthcare Technology LLC, and you have been tasked with evaluating an upgraded enterprise resource planning system. Which of the following details would be relevant to your decision-making process?

• A.The company's revenues increased by $14,000,000 over the past twelve months
• B.A vendor replaced a member of its board of directors
• C.A customer's sales are growing rapidly
• D.The company needs a cloud-based document storage system

Wycliff Corporation practices activity-based management at their manufacturing facility. Which of the following events would most likely be the result of a decision made using activity-based management theory?

• A.Plant managers assisted in calculating a plant-wide overhead rate
• B.Customer service representatives responded to vendor complaints
• C.The packaging department was moved closer to the shipping department
• D.Direct labor costs were assigned to work-in-process accounts

Which of the following employees of ABC Corporation is most likely to receive the report regarding the internal audit committee's control findings?

• A.Payroll clerk
• B.Plant manager
• C.Chief financial officer
• D.Managerial accountant