37. Catty Inc. is considering a 3-phase research project. The time estimates for completion of phase 2 of the project are: Pessimistic - 24 weeks Most likely - 20 weeks Optimistic - 10 weeks Using the PERT, the expected time for completion of phase 2 should be? a. 0 weeks b. 19 weeks c. 18 weeks d. 24 weeks

19. In making a special order decision, management should: a.compute a reasonable sales price for items not normally produced. b.consider additional overhead cost. c.consider normal and relevant costs. d.all of the given choices.

33. CC Company had the following information pertaining to 2021: Profit - P100,000 Sales - P1,000,000 Asset Turnover Ratio - 2x The desired minimum rate of return is 15% What is the ROI? a.10% b.5% c.20%

23. Consistency between goals of the firm and the goals of its employees is: a.goal optimization b.goal congruence c.goal conformance d.goal compensation

20. When there is one scarce resource, the product that should be produced first is the product with the highest: a.contribution margin per unit of the scarce resource. b.sales price per unit of scarce resource. c.demand. d.contribution margin per unit.

35. CC Company had the following information pertaining to 2021: Profit - P100,000 Sales - P1,000,000 Asset Turnover Ratio - 2x

The desired minimum rate of return is 15%. What is the amount of assets? a.250,000 b.500,000 c.1,000,000 d.2,000,000

7. The term "relevant range" as used in cost accounting mean the range over which: a.cost may fluctuate b.cost relationship are valid c.production may vary d.relevant costs are incurred

43. Joji Company manufacturers and sell FM radios. Information on last year's operation (sales and production of the 2021 model) follows:

Selling price P300 Cost per unit: Direct materials 70 Direct labor 40 Overhead (50% variable) 60 Selling costs (40% variable) 100 Production in units 10,000 Sales in units 9,500

At this time (May 2021), the 2021 model is already in production and it renders the 2021 model radio obsolete. A foreign firm is willing to purchase the obsolete products at a net price of P140 each. If the remaining 500 units of the 2021 model radios are to be sold through regular channels, what is the minimum price the company would accept for the radios? a.300 b.270 c.180 d.40

34. CC Company had the following information pertaining to 2021: Profit - P100,000 Sales - P1,000,000 Asset Turnover Ratio - 2x

The desired minimum rate of return is 15%. What is the return on sales? a.10% b.5% c.20% d.15%

17. Incremental revenue is: a.a difference in costs between two decisions. b.a concession based on competitive influences. c.additional revenue across decision choices from potential sales. d.the difference between selling price and variable costs.

21. Decentralization occurs: a.the firm's operations are located over a large geographic are to reduce risk. b.authority for important decisions is delegated to lower segments of the organization. c.important decisions are made at the upper levels and the lower levels of the organization are responsible for implementing the decisions. d.non of the given choices.