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Devry ACCT 244 Week 1 Homework Latest (TCO 3) Which of the following activities would NOT be considered a value-added activity? Production Marketing Accounting Distribution : Question 2. Question : (TCO 3) The continual process of measuring a company’s own products, services, or activities against competitors’ performances is called: performance measure. benchmarking. budgeting. responsibility center. lean accounting. Question 3. Question : (TCO 3) The field of accounting that depends on generally accepted accounting principles (GAAP) is called: cost accounting. financial accounting. managerial accounting. responsibility accounting. international accounting. Question 4. Question :
(TCO 3) MoreForLess Company had revenues of $2,000,000 while costs were $1,500,000. In the next year, MoreForLess will be introducing a new product line that will generate $200,000 in sales revenues and $160,000 in costs. Assuming no changes are expected for the other products, the differential operating profit for the next year is: $540,000. $200,000. $160,000. Question 5. Question : (TCO 3) Jay’s Limo Service provides transportation services in and around Centerville. Its profits have been declining, and management is planning to add a package delivery service that is expected to increase revenue by $300,000 per year. The total cost to lease additional delivery vehicles from the local dealer is $70,000 per year. The present manager will continue to supervise all services. Due to expansion, however, the labor costs and utilities will increase by 40%. Rent and other costs will increase by 20%. Jay’s Limo Service Annual Income Statement Before Expansion Sales revenue $980,000 Costs: Vehicle leases 420,000 Labor 300,000 Utilities 60,000 Rent 80,000 Other costs 70,000 Manager’s salary
110,000 Total costs $1,040,000 Operating profit (loss) $(60,000) What are the total differential costs that will incur as a result of the expansion? $70,000 $214,000 $230,000 $244,000
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