INTR MANAGERIAL ACTG
INTR MANAGERIAL ACTG ACG 2071
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This 6 page Class Notes was uploaded by Faye Medhurst Sr. on Thursday September 17, 2015. The Class Notes belongs to ACG 2071 at Florida State University taught by Staff in Fall. Since its upload, it has received 71 views. For similar materials see /class/205554/acg-2071-florida-state-university in Accounting at Florida State University.
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Date Created: 09/17/15
Chapter 2 Use the following information for the next 4 Questions If the number of units produced and sold sales activity decreases what happens to the following items 1 Variable cost per unit a increases b decreases c remains constant 2 Total variable costs a increases b decreases c remains constant 3 Fixed costs per unit a increases b decreases c remains constant 4 Total xed costs a increases b decreases c remains constant Use the following information for the next 4 Questions What change if any in the following items would cause the breakeven point to increase 5 Sales price per unit c no change 6 Contribution margin per unit a increase b decrease c no change 7 Variable costs per unit c no change 8 Fixed costs a increase b decrease c no change Use the following information for the next 2 Questions Real Sound Inc produces and sells the nest quality car stereo equipment in all of Florida The company expects the following sales and expenses in 2006 for its top selling speakers These numbers are for 1000 speakers Sales 400000 Variable expenses 300000 Fixed expenses 120000 9 How many speakers must be sold in order for Real Sound Inc to break even a 400 speakers b 1200 speakers c 300 speakers d 200 speakers e 1050 speakers 10 What dollar amount of sales is necessary to make a target pro t of 30000 a 200000 b 160000 c 480000 d 120000 e 600000 11 The following information pertains to Hat Company Given a breakeven point of 100000 units and a contribution margin per unit of 500 what is the total number of units that Hat Company must sell to reach a net pretax pro t operating income of 100000 a 20000 units b 100000 units c 80000 units d 120000 units e 150000 units 12 If total sales are 200000 total variable costs are 75000 and total xed costs are 75000 what would be the breakeven sales revenues a 200000 b 133333 c 80000 d 240000 e 120000 Chapter 3 Use the following information for the next 4 Questions Presented below is the production data for the rst six months of the year for the mixed costs incurred by Cat Company Month Total Manufacturing Costs Direct labor hours January 25840 4000 February 13400 2000 March 16360 2900 April 19 800 3630 May 17600 265 5 June 26500 3935 Cat Company uses the highlow method to analyze mixed costs 1 What is the estimated variable cost per direct labor hour a 677 b 655 c 622 d 625 e 646 2 What are the estimated total xed costs a 900 b 140 c 300 d 480 e 960 3 If 3500 direct labor hours are estimated in July what would be the estimated total manufacturing costs a 22730 b 23225 c 23835 d 23090 e 22775 4 If the cost function resulting from the highlow method is Y 960 622x while the cost function generated from regression analysis is Y 1000 7x what would be the BEST estimate of total manufacturing costs assuming 3750 direct labor hours a 23325 b 24285 c 26250 d 21250 e 25768 Chapter 4 Use the following information for the next 7 Questions Atlantis Corporation has gathered the following information for the previous year Sales 50000 Direct Materials 10320 Direct Labor 2640 Variable Costs Factory Overhead 9280 Selling Expenses 3520 Administrative Expenses 1840 Fixed Costs Factory Overhead 4960 Selling Expenses 1680 Administrative Expenses 3440 There were no beginning or ending inventories 1 What are total prime costs a 10480 b 21200 c 10320 d 16880 e 12960 2 What are total conversion costs a 12960 b 16880 c 11920 d 1600 e 21200 3 What are the total product costs a 22240 b 11920 c 16880 d 21200 e 10480 4 What are the total period costs a 10480 b 12960 0 5360 d 5120 e 27200 5 What is the contribution margin 37040 22800 39520 22400 35360 rue0692 6 What is gross margin 12320 33120 22400 22800 39520 rye057 7 What is net income 20160 12320 22400 25280 22800 rye057 Use the following information for the next 2 Questions Shadetree Co uses activity based costing to allocate total indirect costs to its three product lines Firewood Lumber and Paper Products The cost accountant has identi ed the following three activities and related cost drivers involved in producing their products Activi Cost Driver Processing Labor Hours Shipping Pounds of Materials Finishing Machine Hours The following costdriver activity and indirect costs were accumulated for a recent month Indirect Costs Processing 60000 Shipping 90000 Finishing 200000 Total 350000 8 What are the total indirect costs allocated to Lumber a 116667 b 67500 c 1 80000 d 177500 e 1 30000 9 How much of the Finishng costs should be allocated to Paper Products a 100000 b 80000 c 15000 d 1 20000 e 1 66667
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