[2026] Free BUS105 Exam Dumps to Pass Exam Easily
BUS105 Exam Dumps, BUS105 Practice Test Questions
Saylor BUS105 Exam Syllabus Topics:
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NEW QUESTION # 21
Using this data, what is the number of units that must be sold in order to achieve a desired after-tax profit of $100,000?
- A. 16,000 units
- B. 14,800 units
- C. 15,360 units
- D. 12,800 units
Answer: B
NEW QUESTION # 22
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. Resign from the company
- D. Check whether the company has a policy on resolving ethical conflicts
Answer: D
NEW QUESTION # 23
Wycliff Corp. had an immaterial credit balance of $1,250 in the manufacturing overhead account after $21,750 was applied to the WIP inventory account. To close the manufacturing overhead account at the end of the period, assuming no further transactions took place, what should Wycliff do?
- A. Debit cost of goods sold $1,250; credit manufacturing overhead $1,250
- B. Debit cost of goods sold $20,500; credit manufacturing overhead $20,500
- C. Debit manufacturing overhead $20,500; credit cost of goods sold $20,500
- D. Debit manufacturing overhead $1,250; credit cost of goods sold $1,250
Answer: A
NEW QUESTION # 24
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 decreased by $1.00 after closing manufacturing overhead.
- B. Gross profit was $44; 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 $75; gross profit increased by $1.00 after closing manufacturing overhead.
Answer: A
NEW QUESTION # 25
Wycliff Corporation manufactures several different styles of bicycles. Managers appropriately record direct materials and direct labor into work-in-process accounts during production. To apply manufacturing overhead, managers consider cost pools for assembly and shipping to calculate a predetermined overhead rate for each department. Which of the following best describes the method used by Wycliff Corporation for allocating manufacturing overhead costs?
- A. Plantwide
- B. Activity-based
- C. Departmental
- D. Process
Answer: C
NEW QUESTION # 26
Wycliff Corporation practices activity-based management at their manufacturing facility. Which of the following events would most likely be the result of a decision made using activity-based management theory?
- A. Customer service representatives responded to vendor complaints
- B. Plant managers assisted in calculating a plant-wide overhead rate
- C. The packaging department was moved closer to the shipping department
- D. Direct labor costs were assigned to work-in-process accounts
Answer: C
NEW QUESTION # 27
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?
- A. 23%
- B. 86%
- C. 14%
- D. 74%
Answer: C
NEW QUESTION # 28
Bethel Bakery manufactures frosted sugar cookies. They maintain separate work-in-process accounts for their blending, cutting, baking, decorating, and packaging departments. Which costing method is Bethel Bakery most likely using?
- A. Departmental costing
- B. Process costing
- C. Activity-based costing
- D. Job costing
Answer: B
NEW QUESTION # 29
What is the formula to calculate working capital?
- A. Current assets + Current liabilities
- B. Current assets - Current liabilities
- C. Total assets - Total liabilities
- D. Total assets - Current liabilities
Answer: B
NEW QUESTION # 30
These tables pertain to the blending department of Martinez Corporation, a paint manufacturer, for the month of August.
Units accounted for in the mixing department:
Total costs to be accounted for in the mixing department:
What is the cost per equivalent unit for direct labor, and what is the cost of direct labor to be assigned to ending work in process inventory?
- A. $101 per equivalent unit; $60,600 direct labor cost assigned to ending WIP inventory
- B. $14 per equivalent unit; $8,400 direct labor cost assigned to ending WIP inventory
- C. $101 per equivalent unit; $85,850 direct labor cost assigned to ending WIP inventory
- D. $14 per equivalent unit; $7,000 direct labor cost assigned to ending WIP inventory
Answer: D
NEW QUESTION # 31
Ladron Candies is analyzing sales and production data for the holiday boxes they produced last year. The company expected to use 0.10 direct labor hours to produce one box of specialty candy, and the variable overhead rate was $2.00 per hour. According to payroll records, the company paid for a total of 104,000 hours of direct labor wages. The actual variable overhead costs totaled $200,000. They sold 800,000 boxes of candy to retailers. What is the variable overhead efficiency variance?
- A. $48,000 unfavorable variable overhead efficiency variance
- B. $8,000 unfavorable variable overhead efficiency variance
- C. $48,000 favorable variable overhead efficiency variance
- D. $8,000 favorable variable overhead efficiency variance
Answer: A
NEW QUESTION # 32
Which of the following might a capital budget decision consider?
- A. Minimum wage requirements
- B. Future cash inflows vs. future cash outflows
- C. Customer satisfaction surveys
- D. Historical cash flows
Answer: B
NEW QUESTION # 33
SJ Candles is performing a cost-volume-profit analysis to prepare for year 2. Fixed costs are expected to remain the same as year 1, but variable costs per unit are expected to increase by 10%. They plan to keep the same sales price but want to know what level of sales must be achieved in year 2 to maintain the same operating profit.
- A. $282,700
- B. $424,050
- C. $398,350
- D. $405,789
Answer: D
NEW QUESTION # 34
Cash collections and payments for purchases would be included in which of the following budgets as part of the overall master budget?
- A. Manufacturing overhead budget
- B. Direct materials purchases budget
- C. Cash budget
- D. Budgeted income statement
Answer: C
NEW QUESTION # 35
Using this data, what is the contribution margin?
- A. $625,000
- B. $365,000
- C. $326,000
- D. $121,000
Answer: C
NEW QUESTION # 36
Cost behavior patterns tend to be reliable within which of the following?
- A. A relevant range
- B. Free cash flow
- C. A contribution margin
- D. The current ratio
Answer: A
NEW QUESTION # 37
Thompson Dental is deciding between two lease options for a new copier. They anticipate making 22,500 copies spread evenly over the course of the year. Which of the following options should they choose if they want to save the most money on an annual basis, and how much money will they save?
Option 1: Monthly lease: $225, Included copies: 1,500/month, Additional copies: $0.15 per copy Option 2: Monthly lease: $250, Included copies: 1,800/month, Additional copies: $0.02 per copy
- A. Option 2; $189 annual savings
- B. Option 2; $357 annual savings
- C. Option 1; $16 annual savings
- D. Option 1; $300 annual savings
Answer: B
NEW QUESTION # 38
SJ Candles subscribes to a management theory known as management by exception. Which of the following best describes a situation where management by exception would be applied?
- A. Tax savings resulted in an unplanned 25% increase to net income in year 2
- B. Management is faced with an ethical issue regarding a decision about investing in long-term assets
- C. There are significant activities occurring outside of the relevant range which require additional analysis
- D. There is a $26,000 unfavorable labor rate variance that is 1% higher than their threshold for investigating variances
Answer: D
NEW QUESTION # 39
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