Saylor BUS105 Exam Questions - Real Practice Questions for Guaranteed Success

Question 1

Strang Tax provides tax consulting services to its clients whom they charge on an hourly basis. They would like to use differential analysis to determine whether profits would change if they dropped certain clients. Which of the following items should be excluded from this analysis?

ARent expenses

BConsulting fees

CWages payable

DProject management costs

Correct : A

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ARent expenses

BConsulting fees

CWages payable

DProject management costs

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Question 2

SJ Candles should expect the absorption costing and variable costing methods to result in the same 4th quarter operating profit when which of the following is true?

AThey sold all remaining 3rd quarter inventory in 4th quarter and produced zero candles in 4th quarter

BThey started the 4th quarter with no inventory and every candle that was produced in the 4th quarter also sold

CThey started the 4th quarter with no inventory and sold 80% of the candles that were produced in the 4th quarter

DTheir 4th quarter sales included every candle produced in the 4th quarter as well as a few that remained in inventory from the 3rd quarter

Correct : B

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AThey sold all remaining 3rd quarter inventory in 4th quarter and produced zero candles in 4th quarter

BThey started the 4th quarter with no inventory and every candle that was produced in the 4th quarter also sold

CThey started the 4th quarter with no inventory and sold 80% of the candles that were produced in the 4th quarter

DTheir 4th quarter sales included every candle produced in the 4th quarter as well as a few that remained in inventory from the 3rd quarter

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Question 3

Which of the following activities would be included in the cash flows from the financing section of the statement of cash flows?

ACash receipts from customers

BIncrease in accounts receivable

CPurchase of property and equipment

DCash dividends paid to noncontrolling interests

Correct : D

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ACash receipts from customers

BIncrease in accounts receivable

CPurchase of property and equipment

DCash dividends paid to noncontrolling interests

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Question 4

SJ Candles manufactures paraffin and soy candles. They have fixed costs of $120,000 and a constant level of sales. Using this sales data, what is the total number of candles that must be sold in order to break-even?

A4,800 candles

B9,677 candles

C20,000 candles

D30,000 candles

Correct : C

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A4,800 candles

B9,677 candles

C20,000 candles

D30,000 candles

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Question 5

Archer Corporation manufactures coffee cups in the Midwest. Using this data, calculate the total current period manufacturing costs for the Schedule of Cost of Goods Manufactured for the year ending on December 31, 2021.

A$554,000

B$604,000

C$679,000

D$925,000

Correct : B

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A$554,000

B$604,000

C$679,000

D$925,000

0 / 1500

Master Saylor BUS105 Exam with Reliable Practice Questions

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