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An analytic model that seeks to find variables in a data set that will enable customer segmentation is a

A.

classification analysis

B.

prediction analysis

C.

clustering analysis

D.

market basket analysis

Collins Corporation manufactures its products in a highly automated, just-in-time environment and uses a standard cost system. The variance that would cause the least concern would be a

A.

6% unfavorable fixed overhead volume variance caused by work stoppages because of missing parts

B.

9% unfavorable material price variance caused by changing to a supplier that would support the company's just-in-time needs.

C.

30% unfavorable direct labor efficiency variance caused by idle time while waiting for goods to be received from a previous manufacturing department

D.

12% unfavorable variable overhead spending variance caused by keeping equipment running during times when there is no production activity

Personal Solutions manufactures nand-new personal computers and communications devices The company uses

a

Job-order costing system and applies manufacturing overhead to products on the oasis of machine hours The following estimates were used in preparing the predetermined overhead rate at the beginning of the year.

During the year, weak sales led to a reduction in production and a buildup or inventory Production records provided the following information.

Finished goods inventory included applied overhead of $100.000 while cost of goods sold included applied overhead of $300,000. There was no work-in-process inventory at year end how should the under-applied manufacturing overhead be handled at year end?

A.

$12.500 of the under-applied manufacturing overhead should be charged to finished goods inventory and S37 500 should be charged to Cost of Goods Sold

B.

All of the under-applied manufacturing overhead should be charged to Cost of Goods Sold for the year.

C.

All of the under-applied manufacturing overhead should be earned over until the subsequent year and used to adjust the estimated predetermined rate for that year

D.

$12.500 of the under-applied manufacturing overhead should be charged to finished goods inventory and S37.500 should be treated as a period cost

Which one of the following statements best defines data governance?

A.

Procedures implemented by the board of directors to manage data.

B.

A framework used to oversee the availability, usability and integrity of data

C.

The company's framework for supervising and managing the IT function

D.

The corporate records retention policy setting out the contents of the system data records

Huaxia Manufacturing's standard cost card for product GH1 includes the following:

During the month of June, Huaxia produced 12,300 units. The purchasing department purchased 30,400 yards of fabric for a total cost of $100,320. The production department used 25.300 yards of fabric in June. What is Huaxia's direct materials price variance for the month of June?

A.

$2,450 unfavorable

B.

$6,080 favorable

C.

$14,220 unfavorable

D.

$11,770 unfavorable

Which one of the following is the most important factor in the successful implementation of a balanced scorecard?

A.

Providing a feedback mechanism

B.

Setting appropriate measurement criteria

C.

Linking the scorecard to external criteria

D.

Obtaining management buy-in and support

As part of the COSO Internal Control Framework segregation of duties and documentation are included in which of the components of the COSO model below?

A.

Operating environment

B.

Risk assessment

C.

Control activities

D.

Information and communication

A company has the following accounts included in its trial balance as of December 31

What amount of equity will be reported on me company’s balance sheet as of December 31?

A.

$626,500

B.

$657,500

C.

$92,500.

D.

$599,000.

La Salle Company purchased 2.150 shares of Barry Chocolates Corporation's common stock at $25.16 per share on November 17 of last year. The broker's commission was $85. The shares were sold on January 11 of the current year for $27.50 per share. The broker's commission on the sale was $76 Barry declared and paid dividends of $0 50 per share on March 26. June 25. September 25. and December 23 during the last two years La Salle's current year income statement would reflect a realized gain of

A.

$4,870

B.

$4,946

C.

$5,022

D.

$5,031

Harris Company sells two products with the following characteristics.

Harris Company's total sales-mix variance for the year is

A.

$300,000 Unfavorable

B.

$350,000 unfavorable

C.

$375,000 Unfavorable

D.

$725,000 Favorable