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charter oak acc106 week 6 test part 1

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Question;?. A;semivariable cost;Answer;?;Question 2;5 out of 5 points;2. In order to;calculate break-even sales units, fixed costs are divided by;Answer;?;Question 3;0 out of 5 points;3. In the area of;cost-volume-profit analysis, the contribution margin ratio shows how much;each dollar of sales contributes to;Answer;?;Question 4;5 out of 5 points;4. How will a;company's contribution margin be affected by an investment in equipment that;increases fixed costs in order to achieve a reduction in direct labor cost?;Answer;?;Question 5;5 out of 5 points;5. The dollar amount;by which sales can decline before an operating loss is incurred is called the;Answer;?;Question 6;5 out of 5 points;6. Variable costs;would include;Answer;?;Question 7;5 out of 5 points;7. If unit sales are;$5 and variable costs are $2, how many units have to be sold to earn a profit;of $2,400 if fixed costs equal $6,000?;Answer;?;Question 8;5 out of 5 points;8. If unit sales are;$12, variable costs are $7.20 per unit and fixed costs are $24,000 what is;the contribution ratio per unit?;Answer;?;Question 9;5 out of 5 points;9. If unit sales are;$12, variable costs are $7.20 per unit and fixed costs are $24,000 what are;the sales in dollars in order to break even?;Answer;?;Question 10;5 out of 5 points;Use the following to answer questions 10-12;The following information is available regarding;the total manufacturing overhead of Allenby Company for a recent four-month;period.;Machine;Mfg.;Hours;Overhead;April....................................................................................;80,000;$162,000;May.....................................................................................;70,000;145,000;June.....................................................................................;100,000;190,000;July......................................................................................;85,000;173,000;10. Refer to the;above information. Using;the high-low method, compute the variable element of manufacturing overhead;cost per machine hour.;Answer;?;Question 11;5 out of 5 points;11. Refer to the;above information. Using;the high-low method, compute the fixed element of Allenby's monthly overhead;cost.;Answer;?;Question 12;5 out of 5 points;12. Refer to the;above information. Allenby's;projected August operations will require approximately 110,000 machine hours.;Using the high-low method, compute total manufacturing overhead estimated for;August.;Answer;?;Question 13;0 out of 5 points;13. A company with an;operating income of $72,000 and a contribution margin ration of 56% has;a margin of safety of: (please round to the nearest dollar amount);Answer;?;Question 14;0 out of 5 points;14. Circle Company;produces a single product which it sells for $84 a unit. If the fixed costs;of manufacturing and selling the product are $64,200 a month and the variable;costs are $52 a unit;Answer;?;Question 15;5 out of 5 points;15. The following;information is available;Sales....................................................................................;$90,000;Break-even;sales.................................................................;$50,000;Contribution;margin ratio.......................................................;25%;What;is the operating income?;Answer

 

Paper#42620 | Written in 18-Jul-2015

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