DEVRY ACCT 346 Managerial Accounting Course Project on Bravo Baking C DEVRY ACCT 346 Week 4 Midterm 1

DEVRY ACCT 346 Week 4 Midterm 1 Check this A+ tutorial guideline at For more classes visit 1. Question : (TCO 1) Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for 2. Question : TCO 1) Which of the following statements regarding fixed costs is true? 3. Question : TCO 1) You own a car and are trying to decide whether or not to trade it in and buy a new car. Which of the following costs is an opportunity cost in this situation? 4. Question :(TCO 1) Shula’s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: materials, $4,080; hourly labor (variable), $5,200; rent (fixed), $1,700; depreciation, $800; and other fixed costs, $600. Each steak dinner sells for $14.00 each. How much is the budgeted variable cost per unit? 5. Question : (TCO 1) Which of the following is an example of a manufacturing overhead cost? 6. Question : (TCO 1) Which of the following is a period cost? 7. Question : (TCO 1) If the balance in the Finished Goods Inventory account increased by $30,000 during the period and the cost of goods manufactured was $220,000, how much is cost of goods sold?