ACC 349 Exceptional Education -

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For more course tutorials visit Excel Sheet can be used for any change in values, it automatically gives correct answers 1.The following costs were incurred in September: Direct materials $42,700


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ACC 349 Final Exam Guide New 2020 with Excel sheet For more course tutorials visit Excel Sheet can be used for any change in values it automatically gives correct answers 1.The following costs were incurred in September: Direct materials 42700 Direct labor 29400 Manufacturing overhead 27300 Selling expenses 23600 Administrative expenses 33700 Conversion costs during the month totaled:

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2.A soft drink bottler incurred the following factory utility cost: 3861 for 950 cases bottled and 3922 for 1200 cases bottled. Factory utility cost is a mixed cost containing both fixed and variable components. The variable factory utility cost per case bottled is closest to: 3.The following cost data pertain to the operations of Swestka Department Stores Inc. for the month of July. Corporate headquarters building lease 87600 Cosmetics Department sales commissions--Northridge Store 5230 Corporate legal office salaries 60500 Store managers salary-Northridge Store 17200 Heating-Northridge Store 20200 Cosmetics Department cost of sales--Northridge Store 37400 Central warehouse lease cost 11100

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Store security-Northridge Store 18900 Cosmetics Department managers salary--Northridge Store 4150 The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the companys stores. What is the total amount of the costs listed above that are direct costs of the Cosmetics Department 4.Erkkila Inc. reports that at an activity level of 6400 machine-hours in a month its total variable inspection cost is 425930 and its total fixed inspection cost is 179493.

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What would be the average fixed inspection cost per unit at an activity level of 6700 machine-hours in a month Assume that this level of activity is within the relevant range. 5.Nikkel Corporation a merchandising company reported the following results for July: Sales 407000 Cost of goods sold all variable 173400 Total variable selling expense 20400 Total fixed selling expense 22200 Total variable administrative expense 14800

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Total fixed administrative expense 39700 The contribution margin for July is: 6.Job 593 was recently completed. The following data have been recorded on its job cost sheet: Direct materials 2412 Direct labor-hours 74 labor-hours Direct labor wage rate 21 per labor-hour Machine-hours 137 machine-hours

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The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is 22 per machine- hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: 7.The Assembly Department started the month with 19500 units in its beginning work in process inventory. An additional 285000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 45250 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month 8.Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product. If the company sells 5200 units its total contribution margin should be closest to:

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9.Olds Inc. which produces a single product has provided the following data for its most recent month of operations: Number of units produced 5400 Variable costs per unit: Direct materials 88 Direct labor 79 Variable manufacturing overhead 7 Variable selling and administrative expense 13

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Fixed costs: Fixed manufacturing overhead 210600 Fixed selling and administrative expense 388800 There were no beginning or ending inventories. The absorption costing unit product cost was: 10.Zurasky Corporation is considering two alternatives: A and B. Costs associated with the alternatives are listed below: Alternative A Alternative B Materials costs 22000 52000

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Processing costs 28000 28000 Equipment rental 10100 28200 Occupancy costs 10500 22000 What is the differential cost of Alternative B over Alternative A including all of the relevant costs 11.Bossie Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Wages and salaries 284000

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Depreciation 268000 Utilities 221000 Total 773000 Distribution of resource consumption: Activity Cost Pools Assembly Setting up Other Total Wages and salaries 45 35 20 100 Depreciation 30 10 60 100 Utilities 15 65 20 100

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How much cost in total would be allocated in the first-stage allocation to the Assembly activity cost pool 12.The cash budget is usually prepared after the budgeted income statement. True False 13.Cadavieco Detailings cost formula for its materials and supplies is 2090 per month plus 15 per vehicle. For the month of November the company planned for activity of 89 vehicles but the actual level of activity was 49 vehicles. The actual materials and supplies for the month was 2660. The materials and supplies in the planning budget for November would be closest to:

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Q-14 Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales 18120000 Net operating income 1177800 Average operating assets 4450000 The divisions return on investment ROI is closest to: Round your answer to 2 decimal places.

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Q-15 Blue Corporations standards call for 5800 direct labor-hours to produce 1450 units of product. During May 1050 units were produced and the company worked 1350 direct labor-hours. The standard hours allowed for May production would be: Q-16 The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 6.0 hours Standard variable overhead rate 12.40 per hour The following data pertain to operations for the last month: Actual hours 2600 hours Actual total variable manufacturing overhead cost 32870 Actual output 250 units

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What is the variable overhead efficiency variance for the month What is the variable overhead efficiency variance for the month 17.Wyly Inc. produces and sells a single product. The selling price of the product is 240.00 per unit and its variable cost is 88.80 per unit. The fixed expense is 374598 per month. The break-even in monthly dollar sales is closest to: Round your intermediate calculations to 2 decimal places. Use excel sheet for any change in values 18.Part O43 is used in one of Scheetz Corporations products. The companys Accounting Department reports the following costs of producing the 16400 units of the part that are needed every year. An outside supplier has offered to make the part and sell it to the company for 32.00 each. If this offer is accepted the supervisors salary

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and all of the variable costs including direct labor can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company. If the outside suppliers offer were accepted only 22400 of these allocated general overhead costs would be avoided. Required: a. Prepare a report that shows the effect on the companys total net operating income of buying part O43 from the supplier rather than continuing to make it inside the company. Input the amount as a positive value. Omit the "" sign in your response. Net operating income would decrease be by . Make

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19.Activity rates from Quattrone Corporations activity-based costing system are listed below. The company uses the activity rates to assign overhead costs to products: Activity Cost Pools Activity Rate Processing customer orders 94.07 per customer order Assembling products 2.87 per assembly hour Setting up batches 62.33 per batch Last year Product F76D involved 3 customer orders 464 assembly hours and 21 batches. How much overhead cost would be assigned to Product F76D using the activity-based costing system 20.The Gasson Company uses the weighted-average method in its process costing system. The companys ending work in process inventory consists of 12000 units The ending work in process inventory

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is 100 complete with respect to materials and 70 complete with respect to labor and overhead. If the costs per equivalent unit for the period 4.10 for the materials and 1.30 for labor and overhead whatis the balance of the ending work in process inventory account would be: Do not round Cost per equivalent unit

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