ACC 544 EDU Great Stories /acc544edu.com ACC 544 EDU Great Stories /acc544edu.com | Page 8

• Question 30 A project has a present value of future net cash
inflows of $120,000 and an initial investment of $110,000.
Calculate the excess present value index for the project.
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ACC 544 Quiz 4
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ACC 544 Quiz 4
• Question 1 Central Winery manufactured two products, A and
B. Estimated demand for product A was 10,000 bottles and for
product B was 30,000 bottles. The estimated sales price per bottle
for A was $6.00 and for B was $8.00. Actual demand for product
A was 8,000 bottles and for product B was 33,000 bottles. The
actual price per bottle for A was $6.20 and for B was $7.70. What
amount would be the total selling price variance for Central
Winery?
• Question 2 A defense contractor for a government space
project has incurred $2,500,000 in actual design costs to date for a
guidance system whose total budgeted design cost is $3,000,000. If
the design phase of the project is 60% complete, what is the
amount of the contractor’s current overrun/savings on this design
work?
• Question 3 After the goals of the company have been
established and communicated, the next step in the planning
process would be the development of the
• Question 4 Birney Company is planning its advertising
campaign for 2012 and has prepared the following budget data
based on a zero advertising expenditure:
• Question 5 The cash receipts budget includes