University Of Arizona ATMO 005 Quiz 6 1)Regarding the business news article that we discussed in class recently (see the “New York OKs …” link under the Business News module in Canvas for more details), what type of cost will be impacted for fast food companies? Variable cost Fixed cost Product cost Two of the above (Variable and Product)  None of the above   2

University Of Arizona

ATMO 005

Quiz 6

1)Regarding the business news article that we discussed in class recently (see the “New York OKs

…” link under the Business News module in Canvas for more details), what type of cost will be impacted for fast food companies?

Variable cost Fixed cost Product cost

Two of the above (Variable and Product)

 None of the above

2. Review the Brinker International Income Statement included in the Class Notes on Financial Statements and the Accounting System (for chapter 1 and 2) on page 4. Which of the following costs make up the largest portion of the company’s cost of goods sold in 2014?

Cost of sales

 Restaurant labor

 Restaurant expenses

3. The Ray Corporation reported the following cost information for the production of 40,000 units: (a) period costs $20,000, (b) overhead costs $60,000, (c) direct labor $12,000, and (d) direct materials

$18,000. If the company sold 30,000 units, what total dollar amount would it report as ending inventory?

4. Regarding the upcoming Marketplace simulation, at which point will our simulation begin in the product’s life cycle?

Introduction

Growth

Maturity

Decline

5. Regarding the upcoming Marketplace simulation, which target market has the lowest 12 month potential demand in terms of potential total revenue?