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Saylor Managerial Accounting (SAYA-0009) Exam Sample Questions (Q41-Q46):
NEW QUESTION # 41
Using the high-low method, what are the expected production costs for 600 units in December?
- A. $3,250
- B. $3,300
- C. $3,391
- D. $3,498
Answer: B
NEW QUESTION # 42
Diamonds and More produced a new line of necklaces that sell for $350 each. Management requires a profit equal to 40 percent of the selling price. What is the target cost of this product?
- A. $140
- B. $350
- C. $210
- D. $175
Answer: C
NEW QUESTION # 43
Ladron Candies uses activity-based costing to allocate variable factory overhead costs. Which of the following statements best represents the excerpted activity data for indirect materials?
Indirect Materials:
- A. There is a $1,000 favorable spending variance
- B. There is a $1,000 unfavorable efficiency variance
- C. There is a $500 favorable spending variance
- D. There is a $500 unfavorable efficiency variance
Answer: C
NEW QUESTION # 44
What is the formula to calculate working capital?
- A. Total assets - Current liabilities
- B. Current assets - Current liabilities
- C. Total assets - Total liabilities
- D. Current assets + Current liabilities
Answer: B
NEW QUESTION # 45
Wycliff Corporation manufactured Job #3 during the month of May. On May 29, 100% of the product was finished and sold on account for $150. These journal entries were recorded during production:
On May 31, Wycliff determined that the amount remaining in the manufacturing overhead account was immaterial and closed it out. What was the amount of gross profit before closing the manufacturing account, and what effect did closing the manufacturing account have on gross profit?
- A. Gross profit was $75; gross profit increased by $1.00 after closing manufacturing overhead.
- B. Gross profit was $75; gross profit decreased by $1.00 after closing manufacturing overhead.
- C. Gross profit was $44; gross profit increased by $1.00 after closing manufacturing overhead.
- D. Gross profit was $44; gross profit decreased by $1.00 after closing manufacturing overhead.
Answer: B
NEW QUESTION # 46
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