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Valid BUS105 Vce & BUS105 Training Online
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Saylor Managerial Accounting (SAYA-0009) Exam Sample Questions (Q32-Q37):NEW QUESTION # 32
Wycliff Corporation manufactured Job #3 during the month of May. On May 29, 100% of the product was finished and sold on account for $150. These journal entries were recorded during production:

On May 31, Wycliff determined that the amount remaining in the manufacturing overhead account was immaterial and closed it out. What was the amount of gross profit before closing the manufacturing account, and what effect did closing the manufacturing account have on gross profit?
- A. Gross profit was $75; gross profit increased by $1.00 after closing manufacturing overhead.
- B. Gross profit was $75; gross profit decreased by $1.00 after closing manufacturing overhead.
- C. Gross profit was $44; gross profit increased by $1.00 after closing manufacturing overhead.
- D. Gross profit was $44; gross profit decreased by $1.00 after closing manufacturing overhead.
Answer: B
NEW QUESTION # 33
SJ Candles manufactures two types of candles. Soy candles require three times the number of labor hours as paraffin candles to produce. If SJ wishes to maximize the limited number of direct labor available to them, which of the following calculations will guide them in their planning?
- A. Equivalent units for direct materials
- B. Free cash flow
- C. Inventory turnover ratio
- D. Contribution margin per unit of constraint
Answer: D
NEW QUESTION # 34
You are the financial accountant for Antioch Ski Resort. Managers have been promised end-of-year bonuses if profits for the year increase by 10%. At the end of the year, you determine that profits increased by only 8%, and the managers ask you to "fudge the numbers a bit" so they can still receive their bonuses. What should you do?
- A. Consider inflating the profits for the year, since it is only a 2% difference
- B. Report the managers to the CEO
- C. Check whether the company has a policy on resolving ethical conflicts
- D. Resign from the company
Answer: C
NEW QUESTION # 35
A potential lender is investigating Wyatt Corporation's leverage. This is select balance sheet data for Wyatt Corporation as of December 31. What is the company's debt to assets ratio?

Answer: B
NEW QUESTION # 36
Which of the following employees of ABC Corporation is most likely to receive the report regarding the internal audit committee's control findings?
- A. Managerial accountant
- B. Chief financial officer
- C. Payroll clerk
- D. Plant manager
Answer: B
NEW QUESTION # 37
......
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