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ACC Wiley Plus Assignment Quiz 3

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;Multiple Choice Question 62;Manor Company had the following department data;Physical Units;Work in process, July 1;Completed and transferred out Work in process, July 31;30,000;135,000;35,000;Materials are added at the beginning of the process. What is the total number of equivalent units for materials in July?;135,000.;140,000.;200,000.;170,000.;Multiple Choice Question 63;Corsica Company had the following department data;Physical Units;Work in process, beginning;Completed and transferred out;Work in process, ending;-060,000;7,000;Materials are added at the beginning of the process. What is the total number of equivalent units for materials during the period?;67,000.;7,000.;60,000.;53,000.;Multiple Choice Question 64;Gardaner Company had the following department information about physical units and percentage of completion;Physical Units;Work in process, May 1 (60%);60,000;Completed and transferred out Work in process, May 31 (40%);150,000;40,000;If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May?;190,000.;202,000.;166,000.;210,000.;Multiple Choice Question 66;In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 70,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out of the process in June?;70,000 units.;80,000 units.;90,000 units.;100,000 units.;Multiple Choice Question 67;In the month of June, a department had 30,000 units in beginning work in process that were 70% complete. During June, 80,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for materials for June were;100,000 equivalent units.;114,000 equivalent units.;110,000 equivalent units.;80,000 equivalent units.;Multiple Choice Question 68;In the month of June, a department had 30,000 units in beginning work in process that were 70% complete. During June, 80,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were;110,000 equivalent units.;80,000 equivalent units.;90,000 equivalent units.;104,000 equivalent units.;Multiple Choice Question 69;A process with no beginning work in process, completed and transferred out 28,000 units during a period and had 12,000 units in the ending work in process that were 50% complete. How much is equivalent units of production for the period for conversion costs?;22,000 equivalent units.;34,000 equivalent units.;46,000 equivalent units.;40,000 equivalent units.;Multiple Choice Question 70;A process with 1,600 units of beginning work in process, completed and transferred out 20,000 units during a period. There were 10,000 units in the ending work in process that were 50% complete as to conversion costs. Materials are added 80% at the beginning of the process and 20% when the units are 90% complete. How much is equivalent units of production for the period for material costs?;24,000 equivalent units.;22,000 equivalent units.;30,000 equivalent units.;28,000 equivalent units.;Multiple Choice Question 71;Haley Company had the following department data on physical units;Work in process, beginning;3,000;Completed and transferred out;6,600;Work in process, ending;2,400;Materials are added at the beginning of the process. What is the total number of equivalent units for materials during the period?;9,000.;3,600.;2,400.;7,200.;Multiple Choice Question 72;Meca-Tech Industries had the following department information about physical units and percentage of completion;Physical Units;Work in process, June 1 (75%);8,000;Completed and transferred out;15,000;Work in process, June 30 (50%);12,000;If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during June?;27,000.;15,000.;21,000.;11,000.;Multiple Choice Question 79;Taylon's Seafood used high-low data from June and July to determine its variable cost of $18 per unit. Additional information follows;Month;Units produced;Total costs;June;2,000;$48,000;July;1,000;30,000;If Tommy?s produces 2,200 units in August, how much is its total cost expected to be?;$57,600;$51,600;$39,600;$52,800;Multiple Choice Question 85;To which function of management is CVP analysis most applicable?;Directing;Motivating;Controlling;Planning;Multiple Choice Question 86;Kelly Company produces flash drives for computers, which it sells for $20 each. Each flash drive costs $15 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?;20%;75%;80%;25%;Multiple Choice Question 88;If a company had a contribution margin of $750,000 and a contribution margin ratio of 40%, total variable costs must have been;$1,875,000.;$300,000.;$450,000.;$1,125,000.;Multiple Choice Question 90;A company has contribution margin per unit of $60 and a contribution margin ratio of 40%. What is the unit selling price?;Cannot be determined;$150.00;$24.00;$100.00;Multiple Choice Question 91;Sales are $500,000 and variable costs are $200,000. What is the contribution margin ratio?;40%;60%;Cannot be determined because amounts are not expressed per unit;50%;Multiple Choice Question 92;Hansen's variable costs are 30% of sales. The company is contemplating an advertising campaign that will cost $33,000. If sales are expected to increase $70,000, by how much will the company's net income increase?;$37,000;$16,000;$49,000;$12,000;Multiple Choice Question 93;Fowlen, Inc. has a product with a selling price per unit of $200, the unit variable cost is $90, and the total monthly fixed costs are $300,000. How much is Fessler?s contribution margin ratio?;45%;55%;150%;222%;Multiple Choice Question 94;Grave Company has a contribution margin of $500,000 and a contribution margin ratio of 40%.How much are total variable costs?;$1,250,000;$300,000;$200,000;$750,000;Multiple Choice Question 95;ISSAC Company has a contribution margin per unit of $21 and a contribution margin ratio of 60%. How much is the selling price of each unit?;$12.60;$52.50;Cannot be determined without more information;$35.00;Multiple Choice Question 96;A division sold 100,000 calculators during 2014;Sales;$2,000,000;Variable costs;Materials;$380,000;Order processing;110,000;Billing labor;150,000;Selling expenses;Total variable costs;Fixed costs;60,000;700,000;1,000,000;How much is the contribution margin per unit?;$2;$7;$17;$13;Multiple Choice Question 97;At the break-even point of 2,000 units, variable costs are $120,000, and fixed costs are $64,000. How much is the selling price per unit?;$92;$32;$28;Not enough information;Multiple Choice Question 72;The following information is taken from the production budget for the first quarter;Beginning inventory in units;Sales budgeted for the quarter;Capacity in units of production facility;1,800;678,000;708,000;How many finished goods units should be produced during the quarter if the company desires 4,800 units available to start the next quarter?;682,800;675,000;681,000;711,000;Multiple Choice Question 73;An overly optimistic sales budget may result in;insufficient inventories.;increased sales during the year.;excessive inventories.;increases in selling prices late in the year.;Multiple Choice Question 74;In a production budget, total required units are the budgeted sales units plus;desired ending finished goods units plus beginning finished goods units.;desired ending finished goods units minus beginning finished goods units.;beginning finished goods units.;desired ending finished goods units.;Multiple Choice Question 75;The direct materials budget details;1. the quantity of direct materials to be purchased.;2. the cost of direct materials to be purchased.;neither 1 nor 2;1;2;both 1 and 2;Multiple Choice Question 76;The production budget shows expected unit sales of 65,000. Beginning finished goods units are 11,200. Required production units are 67,200. What are the desired ending finished goods units?;12,800;13,400;9,000;11,200;Multiple Choice Question 77;The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning and desired ending finished goods units, respectively?;Beginning Units;Ending Units;10,000;6,000;6,000;10,000;4,000;10,000;10,000;4,000;Multiple Choice Question 78;The production budget shows that expected unit sales are 80,000. The total required units are 90,000. What are the required production units?;10,000;Cannot be determined from the data provided;15,000;30,000;Multiple Choice Question 79;The direct materials budget shows;Units to be produced;Total pounds needed for production;Total materials required;6,000;30,000;26,400;What are the direct materials per unit?;.44 pounds;4.4 pounds;Cannot be determined from the data provided;5.0 pounds;Multiple Choice Question 80;The direct materials budget shows;Desired ending direct materials;Total materials required;Direct materials purchases;74,000 pounds;108,000 pounds;94,800 pounds;The total direct materials needed for production is;34,000 pounds.;13,200 pounds.;20,800 pounds.;202,800 pounds.;Multiple Choice Question 81;If the required direct materials purchases are 36,000 pounds, the direct materials required for production is three times the direct materials purchases, and the beginning direct materials are three and a half times the direct materials purchases, what are the desired ending direct materials in pounds?;36,000;90,000;18,000;54,000;Multiple Choice Question 81;In the Palm Company, indirect labor is budgeted for $108,000 and factory supervision is budgeted for $36,000 at normal capacity of 160,000 direct labor hours. If 180,000 direct labor hours are worked, flexible budget total for these costs is;$148,500.;$144,000.;$157,500.;$162,000.;Multiple Choice Question 82;Kettler Company uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $64,000 variable and $180,000 fixed. If Kettler had actual overhead costs of $246,000 for 18,000 units produced, what is the difference between actual and budgeted costs?;$4,000 favorable.;$6,000 unfavorable.;$6,000 favorable.;$4,000 unfavorable.;Multiple Choice Question 83;A company's planned activity level for next year is expected to be 200,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs;Variable;Indirect materials;Indirect labor;Factory supplies;Fixed;$240,000;320,000;40,000;Depreciation $100,000;Taxes 20,000;Supervision 80,000;A flexible budget prepared at the 190,000 machine hours level of activity would show total manufacturing overhead costs of;$760,000.;$570,000.;$600,000.;$770,000.;Multiple Choice Question 84;Casey Industries produced 256,000 units in 120,000 direct labor hours. Production for the period was estimated at 264,000 units and 132,000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at;132,000 hours and 120,000 hours.;128,000 hours and 120,000 hours.;120,000 hours and 120,000 hours.;128,000 hours and 132,000 hours.;Multiple Choice Question 85;A company's planned activity level for next year is expected to be 200,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs;Variable;Indirect materials;Indirect labor;Factory supplies;Fixed;$180,000;240,000;30,000;Depreciation $75,000;Taxes 15,000;Supervision 70,000;A flexible budget prepared at the 180,000 machine hours level of activity would show total manufacturing overhead costs of;$565,000.;$450,000.;$405,000.;$550,000.;Multiple Choice Question 86;Lampim Industries produced 320,000 units in 160,000 direct labor hours. Production for the period was estimated at 330,000 units and 165,000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at;160,000 hours and 160,000 hours.;165,000 hours and 165,000 hours.;165,000 hours and 150,000 hours.;165,000 hours and 160,000 hours.;Multiple Choice Question 87;At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $40,000. At 20,000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $120,000. Fixed and variable costs may be expressed as;$80,000 fixed plus $4 per direct labor hour variable.;$80,000 fixed plus $2 per direct labor hour variable.;$40,000 fixed plus $4 per direct labor hour variable.;$40,000 fixed plus $6 per direct labor hour variable.;Multiple Choice Question 88;At 18,000 direct labor hours, the flexible budget for indirect materials is $36,000. If $37,600 are incurred at 18,400 direct labor hours, the flexible budget report should show the following difference for indirect materials;$800 favorable.;$1,600 favorable.;$800 unfavorable.;$1,600 unfavorable.

 

Paper#80789 | Written in 18-Jul-2015

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