USE THE SHEETS IN THE END FOR YOUR DRAFT CALCULATIONS Section A Question 1: Management Information...

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USE THE SHEETS IN THE END FOR YOUR DRAFT CALCULATIONS Section A Question 1: Management Information Systems (MIS) 1) Scenario: Alpha Corporation recently implemented a new MIS to handle large datasets for financial analysis. It allows management to make informed decisions based on real-time data. 2) Question: What is the primary purpose of the MIS in this scenario? 3) Options: a. Automating employee schedules. b. Enhancing data-driven decision-making. c. Managing office supplies. d. Conducting market research. C. $360 d. $400 Question 2: Activity-Based Costing (ABC) 1) Scenario: Beta Manufacturing uses ABC for cost allocation. Setup costs are assigned based on the number of setups required for each product. 2) Question: Why does Beta Manufacturing use activity-based costing for setup costs? 3) Options: a. To simplify cost allocation. b. To allocate costs arbitrarily. C. To improve accuracy in cost allocation. d. To reduce total production costs. a. $240 b. $320 1 working world Question 3: Target Costing 1) Scenario: Gamma Electronics is developing a new smartphone. The company aims for a target cost of $300 per unit, considering a desired profit margin of 20%. 2) Question: What is the allowable cost per unit for Gamma Electronics to achieve the target cost? 3) Options: Question 4: Life-Cycle Costing vid Sam ME me te ng s Perfomance Page 3 USE THE SHEETS IN THE END FOR YOUR DRAFT CALCULATIONS Section A Question 1: Management Information Systems (MIS) 1) Scenario: Alpha Corporation recently implemented a new MIS to handle large datasets for financial analysis. It allows management to make informed decisions based on real-time data. 2) Question: What is the primary purpose of the MIS in this scenario? 3) Options: a. Automating employee schedules. b. Enhancing data-driven decision-making. c. Managing office supplies. d. Conducting market research. C. $360 d. $400 Question 2: Activity-Based Costing (ABC) 1) Scenario: Beta Manufacturing uses ABC for cost allocation. Setup costs are assigned based on the number of setups required for each product. 2) Question: Why does Beta Manufacturing use activity-based costing for setup costs? 3) Options: a. To simplify cost allocation. b. To allocate costs arbitrarily. C. To improve accuracy in cost allocation. d. To reduce total production costs. a. $240 b. $320 1 working world Question 3: Target Costing 1) Scenario: Gamma Electronics is developing a new smartphone. The company aims for a target cost of $300 per unit, considering a desired profit margin of 20%. 2) Question: What is the allowable cost per unit for Gamma Electronics to achieve the target cost? 3) Options: Question 4: Life-Cycle Costing vid Sam ME me te ng s Perfomance Page 3

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ANSWER Question 1 Management Information Systems MIS Scenario Alpha Corporation recently implemented ... View the full answer