Order ID | 53563633773 |
Type | Essay |
Writer Level | Masters |
Style | APA |
Sources/References | 4 |
Perfect Number of Pages to Order | 5-10 Pages |
Effort to Move the Economy Out of a Recession
Number of Pages: 9 (Double Spaced)]
Writing Style: APA
Number of sources: 5
Final Paper: Expansionary Economic Policy Focus of the Final Paper In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal and monetary policies: Expansionary Fiscal Policy: Explain the actions the federal government would take while engaging in expansionary fiscal policy in terms of the following: •The necessary change in taxes and government spending, •The effect on aggregate demand, GDP, and employment. Expansionary Monetary Policy: The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.
Explain the actions of the Fed in regard to the three tools. •When the required reserve ratio is increased or decreased •When the discount rate is increased or decreased •Buying or selling government securities when conducting expansionary monetary policy Explain how these actions would affect the money supply, interest rates, spending, aggregate demand, GDP, and employment. Writing the Final Paper The Final Paper: 1.Must be eight to ten double-spaced pages in length and formatted according to APA style as outlined in your approved styled guide. 2.Must include a title page that includes: a.Title of paper b.Student’s name c.Course name and number d.Instructor’s name e.Date submitted 3.Must include an introductory paragraph with a succinct thesis statement.
4.Must address the topic of the paper with critical thought. 5.Must conclude with a restatement of the thesis and a conclusion paragraph. 6.Must use at least four scholarly resources, including the textbook. Two sources must come from the Ashford Library. 7.Must use APA style as outlined in your approved style guide to document all sources. 8.Must include, on the final page, a reference List that is completed according to APA style as outlined in your approved style guide.
ACC 349 Final Exam MCQs. 87/87. Get An A++.
What is the best way to handle manufacturing overhead costs in order to get the timeliest job cost information?
The company should add actual manufacturing overhead costs to jobs as soon as the overhead costs are incurred.
The company should determine an allocation rate as soon as the actual costs are known, and then apply manufacturing overhead to jobs.
The company should apply overhead using an estimated rate throughout the year. D. The company should account for only the direct production costs.
At the end of the year, manufacturing overhead has been overapplied. What occurred to create this situation?
The company incurred more manufacturing overhead costs than the manufacturing overhead assigned to jobs
The actual manufacturing overhead costs were less than the manufacturing overhead assigned to jobs
The company incurred more total job costs than the amount budgeted for the job
Estimated manufacturing overhead was less than actual manufacturing overhead costs
Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material?
A decrease to work in process inventory
A decrease to applied overhead
An increase to finished goods
An increase to cost of goods sold
Which of the following would be accounted for using a job order cost system?
The production of textbooks
The production of town homes
The pasteurization of milk
The production of cans of spinach
Which one of the following is NEVER part of recording the issuance of raw materials in a job order cost system?
Debit Manufacturing Overhead
Debit Finished Goods Inventory
Debit Work in Process Inventory
Credit Raw Materials Inventory
Finished Goods Inventory is debited when goods are transferred from work in process to finished goods, not when raw materials are issued for a job.
What is unique about the flow of costs in a job order cost system?
It involves accumulating material, labor, and manufacturing overhead costs as they are incurred in order to determine the job cost
Each job is costed separately in a Work in Process subsidiary ledger
Job costs cannot be measured until all overhead costs are determined
There are no costs remaining in Work in Process at year end
7) Which one of the following costs would be included in manufacturing overhead of a lawn mower manufacturer?
The cost of the fuel lines that run from the motor to the gas tank
The cost of the wheels
Depreciation on the testing equipment
The wages earned by motor assemblers
Depreciation on testing equipment would be included in manufacturing overhead because it is indirectly associated with the finished product.
8) What broad functions do the management of an organization perform?
Planning, directing, and controlling
Directing, manufacturing, and controlling
Planning, directing, and selling
Planning, manufacturing, and controlling
9) Which of the following represents the correct order in which inventories are reported on a manufacturer’s balance sheet?
Work in process, finished goods raw materials
Raw materials, work in process, finished goods
Finished goods, work in process, raw materials
Work in process, raw materials, finished goods
10) In traditional costing systems, overhead is generally applied based on
machine hours
direct labor
direct material dollars
units of production
11) An activity that has a direct cause-effect relationship with the resources consumed is a(n)
overhead rate
product activity
cost driver
cost pool
12) A well-designed activity-based costing system starts with
computing the activity-based overhead rate
analyzing the activities performed to manufacture a product
identifying the activity-cost pools
assigning manufacturing overhead costs for each activity cost pool to products
13) Which of the following factors would suggest a switch to activity-based costing?
Overhead costs constitute a significant portion of total costs
Production managers use data provided by the existing system.
Product lines similar in volume and manufacturing complexity
The manufacturing process has been stable
14) All of the following statements are correct EXCEPT that
the objective of installing ABC in service firms is different than it is in a manufacturing firm
the general approach to identifying activities and activity cost pools is the same in a service company as in a manufacturing company
activity-based costing has been widely adopted in service industries
a larger proportion of overhead costs are company-wide costs in service industries
15) What sometimes makes implementation of activity-based costing difficult in service industries is
identifying activities, activity cost plus, and cost drivers
attempting to reduce or eliminate nonvalue-added activities
the labeling of activities as value-added
that a larger proportion of overhead costs are company-wide costs
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