VIEWS: 2,016 PAGES: 5 CATEGORY: Business POSTED ON: 4/20/2011 Public Domain
Check Figures for Problems and Cases Ray Garrison, Eric Noreen, and Peter Brewer Managerial Accounting, 12th Edition Chapter 1 No check figures Chapter 2 Problem 2-14 Cost of shipping finished goods: variable, selling Problem 2-15 (1) Manufacturing overhead: $60 Problem 2-16 Rent on warehouse: fixed, period Problem 2-17 Plastic washers: variable, indirect Problem 2-18 (1) Total internal failure cost this year: $4,000,000 Problem 2-19 (1) Cost of goods manufactured: $290,000 Problem 2-20 No check figure Problem 2-21 Answering device: fixed, period Problem 2-22 No check figure Problem 2-23 (1) Total variable cost: $647,000 Problem 2-24 No check figure Problem 2-25 (1) Cost of goods manufactured: $450,000 Problem 2-26 No check figure Problem 2-27 (1) Direct labor: $65,000 Problem 2-28 Case 1, Goods available for sale: $24,000 Problem 2-29 (1) Cost of goods manufactured: $450,000 Case 2-30 (2) Cost of goods manufactured: $680,000 Case 2-31 Raw materials inventory: $70,000 Chapter 3 Problem 3-18 (3) Underapplied: £13,000; (4) Net operating income: £ 82,000 Problem 3-19 (3) Overapplied : $3,000; (4) Net operating inco me: $52,000 Problem 3-20 (3) Underapplied: $4,000; (4) Net operating inco me: $15,000 Problem 3-21 (3) Overapplied : $3,000; (4) Net operating inco me: $31,594 Problem 3-22 (3) Overhead applied: $32,000; (4) Total cost: $60,700 Problem 3-23 (1) Research:, $35 per hour; (3) Total cost: $4,060 Problem 3-24 (3) Overapplied : $3,000; (4) Net operating inco me: $40,400 Problem 3-25 (2) Total overhead: $3,980; (3) $312.40 per unit Problem 3-26 (2) Overhead applied in 2005: $1,500 Problem 3-27 (4) Cost of goods manufactured: $810,000; (7) Overapplied: $15,000 Problem 3-28 (2) Cost of goods manufactured: $342,000; (5) Direct materials: $20,000 Problem 3-29 (2) Underapplied: $270,000 Problem 3-30 (3) Cost of goods manufactured: $590,000; (6) $48.16 per unit Problem 3-31 (2) Overhead applied: $21,750 Case 3-32 (2) New approach: 88,000 units Case 3-33 No check figure Case 3-34 No check figure Chapter 4 Problem 4-19 Ending Work in Process: $63,200 Problem 4-20 Ending Work in Process: $64,000 Problem 4-21 (1) Conversion: 390,000 equivalent units; (3) Ending Work in Process: $45,000 Problem 4-22 (2) Materials: $0.90 per equivalent unit; (3) Ending Work in Process: $70,000 Problem 4-23 Cost to Outpatient Clin ic: $60,000 Problem 4-24 (2) Conversion: 32,000 equivalent units Problem 4-25 (1) Materials: $1.40 per equivalent unit; Ending Work in Process: $84,000 Problem 4-26 (1) Conversion: $3.00 per equivalent unit Problem 4-27 (2) Manufacturing overhead: $7,000 debit balance Case 4-28 No check figure Case 4-29 (1) Materials: $0.31 per equivalent unit; Ending Work in Process: $6,400 Case 4-30 (1) Transferred in : $0.84 per equivalent unit; Ending Work in Process: $6,240 Case 3-31 (1) Overhead rate, Milling Depart ment: $4.05 per machine-hour Chapter 5 Problem 5-14 (3) Total cost: $16,000 Problem 5-15 (2) Net operating inco me: $19,000 Problem 5-16 (2) Sh ipping expense: Y = £ 20,000 + £8.00X Problem 5-17 No check figure Problem 5-18 (1) Y = $800 + $40X Problem 5-19 (1) Y = $1,185 + $37.82X Problem 5-20 (1) Y = $40,000 + $7,500X Problem 5-21 (4) Total cost $182,100 Problem 5-22 (3) Cost of goods manufactured: $307,500 Problem 5-23 (3) Total cost: 283,500 pesos Case 5-24 No check figure Case 5-25 (1) Y = $28,352 + $2.58X Case 5-26 (4) Y = SFr64,840 + SFr2.06X Case 5-27 No check figure Chapter 6 Problem 6-18 (2) Break-even: $300,000 Problem 6-19 (1) Break-even: 15,000 units; (4) 17,500 units Problem 6-20 (1) $8,600 loss Problem 6-21 (1) 20,000 shirts; (3) $15,000 loss Problem 6-22 (2) Break-even: 28,000 units Problem 6-23 (1) Break-even: $100,000; (3) 57,500 pairs Problem 6-24 (1) $24,000 total sales Problem 6-25 (1b) Margin of safety: €80 Problem 6-26 (1) April net operating inco me: $62,000 Problem 6-27 (2) Break-even: 40,000 skateboards; (6a) 43,000 skateboards Problem 6-28 No check figure Problem 6-29 (1) Break-even: 50,000 units Problem 6-30 (2c) Present marg in of safety: $160,000 Case 6-31 (1) $700,100 (rounded) Case 6-32 (2c) Break-even: $26,875,000 Case 6-33 (2) 14,320 patient-days Chapter 7 Problem 7-10 (1) Year 2 net operating inco me: $210,000 Problem 7-11 (1b) Net operating income : $70,000; (2b) Net operating loss : $10,000 Problem 7-12 (2) Net operating inco me: $40,000 Problem 7-13 (1b) Net operating income: $10,000; (3a) Net operating inco me: $40,000 Problem 7-14 (2) June net operating income: $90,000 Problem 7-15 No check figure Problem 7-16 (2) Year 1 net operating inco me: $60,000 Problem 7-17 (1) Year 3 net operating inco me: $30,000 Case 7-18 (1) 210,000 units Case 7-19 (2) Second Quarter net operating income : $270,000 Chapter 8 Problem 8-22 (3) Total cost of serving the Lazy Bee ranch: $161.50 Problem 8-23 (4) Yellow marg in: ($11.30) Problem 8-24 (3b) Delu xe model unit product cost: $335.60 Problem 8-25 (3a) $1,816.50 per thousand square feet Problem 8-26 (2) Margin for local co mmercial work: ($25,200) Problem 8-27 (2) Yellow marg in: $158,800 Problem 8-28 (3a) Mono-circuit overhead cost: $30.75 Problem 8-29 (2b) XR7 unit product cost: $69.40 Case 8-30 (2d) Yellow margin for Lyn x Builders : $3,439 Case 8-31 (3b) Overhead cost per pound of Malaysian: $3.65 Chapter 9 Problem 9-8 No check figure Problem 9-9 (3) Ending cash balance: $5,000 Problem 9-10 No check figure Problem 9-11 (1) August: 56,000 un its; (3) July: 148,500 lbs. Problem 9-12 (1) Total cash disbursements for materials for the year: $195,250 Problem 9-13 (2) Cash disbursements for manufacturing overhead for the year: $344,000 Problem 9-14 (1) May: $217,200; (2) May ending cash balance: $20,200 Problem 9-15 (1) Ending cash balance: $7,500 Problem 9-16 (1) August collections: $290,000; (3) August payments: $31,740 Problem 9-17 (2a) May purchases: $51,900; (5) Net income: $26,700 Problem 9-18 (1a) Third quarter cash collections: $523,000; (3) Third quarter ending cash balance: $18,500 Problem 9-19 (1) August collections: $47,760; (3) July ending cash balance: $8,410 Problem 9-20 (1) May production: 38,000 units; (3) Direct labor: $1,947,000 Problem 9-21 (2) March purchases: $55,300; (5) Net inco me: $7,690 Case 9-22 No check figure Case 9-23 (2) June ending cash balance: $10,730; (3) Net income : $151,880 Chapter 10 Problem 10-16 (1a) Materials quantity variance: $500 F; (1b) Labor rate variance: $1,080 F Problem 10-17 (1) Materials price variance: $1,600 F; (2a) Labor efficiency variance: $5,400 U Problem 10-18 (1a) Materials price variance: $5,280 F; (2a) Labor efficiency variance: $4,320 F Problem 10-19 (1a) Materials quantity variance: $9,000 U; (2a) Labor rate variance: $800 U Problem 10-20 (1a) M CE month 1: 11.1%; (3a) M CE month 5: 33.3% Problem 10-21 No check figure Problem 10-22 (3) Standard cost of lanolin : €1,940.40 per batch Problem 10-23 No check figure Problem 10-24 (1) M CE month 1: 7.8%; (3a) M CE month 5: 21.4% Problem 10-25 No check figure Problem 10-26 (1) Standard cost of direct material: €6.10 per jar Problem 10-27 (1a) Standard price: $3 per pound; (2b) Labor rate variance: $1,500 U Problem 10-28 (1a) Materials price variance $3,000 F; (2a) Labor rate variance: $1,300 F Problem 10-29 (1) Materials price variance: $3,000 F; (3) Variable manufacturing overhead spending variance: $1,520 U Problem 10-30 (1) Standard cost: $11,400; (5) Labor rate variance: $450 U Case 10-31 No check figure Case 10-32 No check figure Chapter 11 Problem 11-17 (3) Total variance: $7,050 U Problem 11-18 (3a) Variable overhead spending variance: $3,250 U; (3b) Budget variance: $2,000 F Problem 11-19 (2) Overhead applied: £ 92,000; (3) Vo lu me variance: £ 8,000 U Problem 11-20 (1) Flexib le budget total cost at 780 liters: $38,779 Problem 11-21 (2) Materials price variance: $3,000 F; (3) Vo lu me variance: $4,200 F Problem 11-22 (3a) Applied overhead: $360,000; (3b) Vo lu me variance: $30,000 U Problem 11-23 (3) Variable overhead spending variance: $430 F Problem 11-24 (3a) 33,000 standard DLHs; (4) Budget variance: $1,000 U Problem 11-25 (2) Total variance: $800 U Problem 11-26 (2) Variable overhead spending variance: $3,000 U Problem 11-27 (4a) 46,250 standard hours; (4c) Vo lu me variance: $50,000 F Problem 11-28 Total efficiency variance: $550 F Case 11-29 (2) Flexib le budget total cost at the actual activity level: $340,112 Case 11-30 Shipping expense variance: $16,000 F Case 11-31 No check figure Chapter 12 Problem 12-21 (3) Midd le Europe segment marg in: €184,000 Problem 12-22 (2) Co mpany A margin : 14% Problem 12-23 (1) Total ROI: 28% Problem 12-24 (2a) $36 ≤ transfer price ≤ $39; (3a) $35 ≤ t ransfer price ≤ $57 Problem 12-25 (1) Cost charged to Machine Tools Division: $81,500 Problem 12-26 (1) Central seg ment margin : $32,000 Problem 12-27 (1) ROI: 33% Problem 12-28 (2) Profits would drop by $60,000 Problem 12-29 (1) Flour segment margin: $42,000 Problem 12-30 (3) ROI: 20%; (6) ROI: 25% Problem 12-31 (3) Net loss per player: $20 Problem 12-32 (1) Cost to Milling: 380,000K Problem 12-33 (1) Garments segment margin: R40,000 Case 12-34 (1) Journal seg ment margin : $95,000 Case 12-35 (3) $12.50 ≤ transfer price ≤ $19.25 Chapter 13 Problem 13-16 (1) Decrease in profits: $450 Problem 13-17 (1) $0.35 per pound profit fro m further processing Problem 13-18 (1) Decrease in net operating income : $20,000 Problem 13-19 (2) Maximu m price: $0.43 Problem 13-20 (1) Increased net operating income: €90,000 Problem 13-21 (1) $140,000 d isadvantage to close Problem 13-22 (2) Breakeven price: $24.50 Problem 13-23 (1) $18,000 advantage to buy Problem 13-24 (2) Hours required: 161,900 DLHs Problem 13-25 (1) Incremental contribution marg in: $0.98 per container Case 13-26 (1) Lowest price: $34,750 Case 13-27 No check figure Case 13-28 No check figure Case 13-29 (2) Selling price of flour should be at least $670 Case 13-30 No check figure Chapter 14 Problem 14-21 (2) NPV of cash flows: $(192,400) Problem 14-22 NPV: $(45,210) Problem 14-23 (2) Simp le rate of return: 14% Problem 14-24 NPV: $18,211 Problem 14-25 (2) NPV: $12,516 Problem 14-26 (1) Project #1: 0.18 Problem 14-27 (1) Net annual cash receipts: $63,900 Problem 14-28 (2) Simp le rate of return: 14.2% Problem 14-29 (2) NPV: $90,700 Problem 14-30 (3a) Internal rate of return: 10% Problem 14-31 (1) NPV in favor of leasing: $52,340 Problem 14-32 (3) Payback: 2.5 years Problem 14-33 (1) Project A: 0.28 Problem 14-34 (1) Year 3 net cash flow: $30,000 Problem 14-35 (2) NPV of A lternative #2: $7,801 Problem 14-36 (1) NPV in favor of the new generator: $14,635 Problem 14-37 (1) NPV: $(63,011) Case 14-38 No check figure Case 14-39 (1) NPV in favor of leasing: $3,949,950 Case 14-40 (1) NPV in favor of Alternative #2: $24,640 Chapter 15 Problem 15-9 No check figure Problem 15-10 (1) Net cash provided by operating activities : $104 Problem 15-11 (1) Net cash provided by operating activities: $104 Problem 15-12 (2) Net cash used for investing activities : $164,000 Problem 15-13 (1) Net cash provided by operating activities : $39,000 Problem 15-14 (2) Net cash provided by financing activities : $67,000 Problem 15-15 (1) Net cash provided by operating activities: $21,000 Problem 15-16 (2) Net cash used for investing activities: $570,000 Problem 15-17 Net cash provided by operating activities: $356,000 Problem 15-18 Net cash provided by financing activities : $310,000 Chapter 16 Problem 16-11 (1d) Times interest earned his year: 27.4 days; (1d) Average collection period this year: 7.0 times Problem 16-12 (1a) Earn ings per share this year: $6.16; (1e) Price-earnings ratio this year: 7.3 Problem 16-13 (1b) Cu rrent ratio : 2.5 Problem 16-14 (1a) Return on total assets this year: 6.8%; (2e) Book value per share this year: $52 Problem 16-15 No check figure Problem 16-16 No check figure Problem 16-17 No check figure Problem 16-18 No check figure Problem 16-19 Total assets: $1,500,000; Net inco me: $162,000 Pricing Appendix Problem A-4 (1b) Target selling price: $90 Problem A-5 (2) Price elasticity of demand: -1.2239 Problem A-6 (3) Profit-maximizing price: $13.98 Problem A-7 (2a) Markup: 75% Problem A-8 (1) Maximu m purchase price: $3,320 Profitability Appendix Problem B-4 (2) Total pro fit : $1,192 Problem B-5 No check figure Problem B-6 (3) Total contribution margin: $151,000 Problem B-7 No check figure Case B-8 No check figure