Get help DeVry-University BUSN 278 Week 8 Final Exam. Question 1.1. (TCO 1) Which one of the following is not a benefit of budgeting? Question 2.2. (TCO 2) Which of the following is not a quantitative forecasting method? Question 3.3. (TCO 3) Which of the following is not used to evaluate the accuracy of regression results? Question 4.4. (TCO 4) Which of the following statements regarding the risk associated with R & D activities is incorrect? 80,000 with a useful life of 5 years is being considered. Question 10.10. (TCO 6) Selma Inc. is comparing several alternative capital budgeting projects as shown below. 30,000 with a 6-year useful life. 7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return. What is the approximate net present value of this investment? Question 12.12. (TCO 7) Which of the following would not appear as a fixed expense on a selling and administrative expense budget?

The company keeps 15% of the next month’s sales as ending inventory. Question 14.14. (TCO 8) Which of the following is not a cause of profit variance? Question 17.17. (TCO 9) Using the high-low method, what is the unit variable cost for the following information? Question 18.18. (TCO 10) What is the method used to determine whether the budgeting process is operating effectively? 1. (TCO 7) At Lakeside Manufacturing, budgets are the responsibility of everyone. Each department collaborates in determining its expected needs, and sales personnel determine the likely sales volume. Al Talbott, one of the production managers, believes in building plenty of slack into everything, including his estimates of ending inventory of work in process. As the accounting manager, write a memo to Mr. Talbott, explaining why the ending inventory figure should be extremely accurate, with as little slack as possible. 2. (TCO 9) Understanding how costs behave can help managers plan operations and choose between various courses of action.

Part (a): Identify and describe the three types of cost behavior, including examples of each. Part (b): As a manager, which cost behavior would you prefer and why? 3. (TCO 6) Savanna Company is considering two capital investment proposals. Relevant data on each project are as follows. Savanna requires an 8% rate of return on all new investments. Part (a): Compute the payback period for each project. Part (b): Compute the net present value for each project. Part (c): Compute the accounting rate of return for each project. Part (d): Which project should Savanna select? 240,000, respectively. Experience has shown that collections are made as follows. Determine the collections from customers in October and November. 5. (TCO 8) Northern Company’s budgeted and actual sales for 2009 were as follows. Part (a): Calculate the sales volume variance. Part (b): Calculate the sales price variance. Part (c): Calculate the total sales variance. 6. (TCO 9) The Mays Clinic has the following monthly telephone records and costs.

The authority speaks to all the other volunteers in a concerned voice because of the job that needs to get done as well as care for the children. Authority knows how to speak and scold others without being too harsh. When certain situations arise, the authority raises their voice to show the seriousness of the situation. Identity and authority play a key role in the community I am involved in. These theories hold to be very true. The community that I am in is the United Stated Army. I can relate with Wardle very well in this community. There is always changing identities and authority in the army that sometimes things can get confusing. An example of this would be someone getting a promotion in the military. When someone is a Private they never really get any say on how things go in the military. All they do is just what they are told to do.

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