Problem 2 26 Schedule of Cost of Goods Manufactured Income ... - DOC

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Problem 2 26 Schedule of Cost of Goods Manufactured Income ... - DOC Powered By Docstoc
					Check Figures for Problems and Cases 8th Edition

Chapter 1
No check figures


Chapter 2
Problem 2-13   No check figure
Problem 2-14   (1) Manufacturing overhead $60
Problem 2-15   No check figure
Problem 2-16   No check figure
Problem 2-17   Manufacturing overhead $170,000
Problem 2-18   No check figure
Problem 2-19   No check figure
Problem 2-20   (1) Total variable cost $647,000
Problem 2-21   No check figure
Problem 2-22   (1) Raw materials used in production $165,000
Problem 2-23   No check figure
Problem 2-24   (1) Cost of goods manufactured: $690,000
Problem 2-25   (2) Selling and administrative expenses $8,000
Problem 2-26   (2b) Cost per unit $15
Case 2-27      (3) Operating income $46,000
Case 2-28      (1) Finished goods inventory $150,000


Chapter 3
Problem 3-18   (3) Underapplied overhead $13,000
Problem 3-19   (3) Overapplied overhead $ 3,000
Problem 3-20   (4) Cost of goods sold $124,000
Problem 3-21   (3) Overapplied overhead credited to cost of goods sold $2,394
Problem 3-22   (3) Overhead applied to job 106 $9,600
Problem 3-23   (3) Total cost of case 618-3 $4,060
Problem 3-24   (4) Operating income $40,400
Problem 3-25   (3) Total cost of job 127 $7,810
Problem 3-26   (2) Underapplied overhead 2008 $60,000
Problem 3-27   (3) Indirect labour cost $65,000
Problem 3-28   (1b) Underapplied overhead $3,000
Problem 3-29   (4) Underapplied overhead allocated to cost of goods sold $189,000
Problem 3-30   (3) Direct materials used in production $150,000
Problem 3-31   (2b) Overhead charged to assembly department $3,250
Case 3-32      (1) New approach operating income $50,000
Case 3-33      (1) Predetermined overhead rate $61.30 per DLH
Case 3-34      No check figure


Chapter 4
Problem 4-19   (2) Materials: $0.84 per EU; (3) WIP: $63,200
Problem 4-20   (2) Conversion: $0.65 per EU; (4) WIP: $64,000
Problem 4-21   (3) WIP: $45,000
Problem 4-22   (4) Transferred out $795,000
Problem 4-23    Outpatient overhead $60,000
Problem 4-24   (3) Conversion cost per unit £ 1.10
Problem 4-25   (2) Material cost per unit $4,10
Problem 4-26   (2) WIP $78,000
Problem 4-27   (2) WIP-Bottling $21,000
Problem 4-28   (1b) Accounting overhead allocated $9,955
Case 4-29      (1) Cost of goods sold $61,575,000
Case 4-30      (1) Unit cost of goods transferred in $0.86
Case 4-31      (1) Unit cost of transferred in $0.84
Case 4-32      (1) Overhead milling $648,000


Chapter 5
Problem 5-22   (2) Activity rate for Travel to jobs: $0.90 per kilometre
Problem 5-23   (1) Total cost of Cleaning carpets: $137,000
Problem 5-24   (3a) Deluxe Model unit overhead cost per unit: $165.60
Problem 5-25   (2) Activity rate for Removing asbestos: $1,554 per thousand square metres
Problem 5-26   (1) Total cost of the Local commercials market: $265,200
Problem 5-27   (2) Yellow margin: $158,800
Problem 5-28   (3b) Total unit product cost of Mono-circuit: $88.75
Problem 5-29   (1b) Total unit product cost of ZD5: $62.60
Problem 5-30   (2) Activity rate for Customer service: €20,250
Case 5-31      (1a) Predetermined overhead rate: $7.50 per direct labour hour
Case 5-32      (2b) Total overhead cost of Kenya dark: $26,976
Case 5-33      (2) Unit product cost for R-92: $183


Chapter 6
Problem 6-14   (2) y=$4,100 + $1,700x
Problem 6-15   (1) operating income $19,000
Problem 6-16   (2) Shipping expense, variable £8 per unit
Problem 6-17   No check figure
Problem 6-18   (1) y=$800 + $40x
Problem 6-19   (1) y=$1,185 + $37.82x
Problem 6-20   (1) y=$40,000 + $7.50x
Problem 6-21   (2) Variable cost per unit $1.08 per MH
Problem 6-22   (2) Fixed cost $35,000
Problem 6-23   (2) Fixed cost 30,000 pesos
Case 6-24      No check figure
Case 6-25      (1) y=$28,352 + $2,582x
Case 6-26      (1) Electrical overhead rate SFr 9.04
Case 6-27      Variable cost per unit of labour $5.87


Chapter 7
Problem 7-18   (2) Breakeven sales $300,000
Problem 7-19   (2) Incremental operating income $13,000
Problem 7-20   (2) Breakeven sales $520,000
Problem 7-21   (1) Breakeven sales 20,000 shirts
Problem 7-22   (1) Operating loss SFr 90,000
Problem 7-23   (3) Q= 57,500 pairs
Problem 7-24   (2) Breakeven sales $3,750
Problem 7-25   (1b) Margin of safety 6.25%
Problem 7-26   (1) Operating income $62,000
Problem 7-27   (1b) Degree of operating leverage 5.0
Problem 7-28   No check figure
Problem 7-29   (2) Additional units to earn $9,000 12,000 units
Problem 7-30   (1) Proposed operating income $48,000
Problem 7-31   (1i) Breakeven units 266,667
Problem 7-32   (2) 62,500 units
Case 7-33       (1)   Breakeven sales $700,100
Case 7-34       (1)   Own sales force operating income $1,000
Case 7-35       (2)   Breakeven for 13,751 to 16,500 14,320
Case 7-36       (3)   Breakeven for 2003 €1,241


Chapter 8
Problem 8-14    (1) Year 1 operating loss $60,000
Problem 8-15    (1b) Operating income $70,000
Problem 8-16    (2) Operating income $40,000
Problem 8-17    (1a) Product cost per unit $3.50
Problem 8-18    (1) Unit absorption cost $30.
Problem 8-19    (1) Required production 7,500 units
Problem 8-20    (2) Operating loss $7,800
Problem 8-21    (1a) Operating income January $5,000
Problem 8-22    (1) Absorption cost year 1 $21.
Problem 8-23    (2a) Product cost year 1 $16.
Problem 8-24    (3) Segment margin- Southern Europe €3,000
Problem 8-25    (1) Segment margin- Awls $15,000
Problem 8-26    (1) Segment margin- Wheat cereal $22,000
Problem 8-27    (1) Segment margin-Shoes R217,000
Case 8-28       (1) Target sales 210,000 units
Case 8-29       (2) Operating income first quarter $10,000
Case 8-30       (1) Segment margin-Continuing education $87,000


Chapter 9
Problem 9-10    No check figure
Problem 9-11    (1) Total cash collections: $36,000
Problem 9-12    No check figure
Problem 9-13    (1) July production: 43,000 units (3) August purchases of Material A135: 173,250 kgs.
Problem 9-14    (2) 1st Quarter direct labour cost: $36,000
Problem 9-15    (2) 4th Quarter cash disbursements for manufacturing overhead: $86,000
Problem 9-16    (1) April cash collections: $181,000; (2) Ending cash balance for the quarter: $9,000
Problem 9-17    (1) Total cash payments June: $170,000; (3) Total assets: $649,500
Problem 9-18    (2) Required production October: 3,900 pairs
Problem 9-19    (3) Total May cash disbursements for operating expenses: $22,000; (5) Net income: $26,700
Problem 9-20    (1b) Total cash disbursements First quarter: $196,000
Problem 9-21    (2a) Required inventory purchases September: $27,750
Problem 9-22    (3) Direct labour budget: $1,947,000; (4) Cash disbursements for overhead: $2,051,500
Problem 9-23    (4) Ending cash balance March: $5,115; (6) Total assets: $183,300
Problem 9-24    (1) Total cost per Flexible Budget: $38,779
Case 9-25       No check figure
Case 9-26       (1a) Total sales May: $360,000; (3) Net income: $151,880
Case 9-27       (2) Total expenses per the flexible budget: $3,903,100


Chapter 10
Problem 10-22    (1a) Materials quantity variance: $500 F; (1c) Variable overhead spending variance: $720 U
Problem 10-23    (4) Fixed overhead volume variance: $800 F
Problem 10-24    (2) Labour rate variance: $6,500 F
Problem 10-25    (1) Total predetermined overhead rate: £5.75 per MH; (3) Variable overhead efficiency variance:
                  £1,750 F
Problem 10-26    (1a) Materials price variance: $5,280 F; (4) Fixed overhead budget variance: $84 F
Problem 10-27    (3) Variable overhead spending variance: $400 F
Problem 10-28   (2) Fixed cost component of formula: $40,000; (3) Total overhead cost per flexible budget:
                $104,500
Problem 10-29   (1) Total quantity of Lilac powder per good batch: 210 grams; (3) Total standard cost per good
                batch: €1,940.40
Problem 10-30   (2) Standard cost per unit: $42; (3b) Overapplied overhead: $20,000
Problem 10-31   (1) Spending variance: $800 U
Problem 10-32   (2) Efficiency variance: $7,000 U
Problem 10-33   (1) Predetermined rate: $10.50 per hour; (4a) Standard hours allowed: 46,250
Problem 10-34   (1) Standard cost per jar: €6.57
Problem 10-35   (1a) Standard price per kilogram: $3; (2b) Labour rate variance: $1,500 U
Problem 10-36   (2a) Labour efficiency variance: $2,250 U; (4b) Actual fixed overhead: $32,000
Problem 10-37   (1) Materials price variance: $3,000 F; (3) Variable overhead efficiency variance: $120 F
Problem 10-38   (1) Total flexible budget overhead cost based on 2,800 MHs: $42,400
Problem 10-39   (1) Materials quantity variance: $3,056 F; (1) Material yield variance: $1,454 U
Problem 10-40   (1) Gross profit at practical capacity: $525,000
Case 10-41      No check figure
Case 10-42      No check figure
Case 10-43      No check figure
Case 10-44      (2) Direct materials used: 138,000 kilograms; (6) Actual variable overhead incurred: $113,800
Case 10-45      (1) Flexible budget net earnings: $414; (4) Minimum bid: $320,000


Chapter 11
Problem 11-18   (2b) Profits foregone: $210,000; (4) Lowest acceptable price: $32.50
Problem 11-19   (2) Company B margin: 14%
Problem 11-20   (1) ROI last year: 32%; (4a) Total residual income if new product line adopted: $1,072,500
Problem 11-21   No check figure
Problem 11-22   No check figure
Problem 11-23   (1c) Market share variance: $232,670 U
Problem 11-24   (2) Effect on profits for company as a whole: $60,000 loss; (4) Effect on company profits:
                $150,000 loss
Problem 11-25   (1) ROI last year: 33%
Problem 11-26   (1c) Delivery cycle time month 2: 23.1; (3a) MCE: 21.4%
Problem 11-27   No check figure
Problem 11-28   (1a) Margin: 7%; (4) New ROI: 16.39%
Problem 11-29   (3) New ROI: 20%; (6) New ROI: 25%
Problem 11-30   (2) Potential contribution margin per player: $50; (3) Profit impact: Loss of $20 per player
Problem 11-31   (2) Total that could be spent: $340,800
Case 11-32      (2) Net effect on company profits: $6.75 per unit
Case 11-33      No check figure
Case 11-34      (1b) Residual income: $249,600


Chapter 12
Problem 12-20   (1) Decrease in profits: $450
Problem 12-21   (1) $1.66 advantage to process further
Problem 12-22   (1) $9,800 disadvantage to close
Problem 12-23   (1) Cost savings if make cartridges: $0.05 per box
Problem 12-24   (2) Break-even price: $22.15; (4) Impact of closing plant: Loss of $15,000
Problem 12-25   (1) $140,000 disadvantage to close; (2) Indifference point: 12,000 litres
Problem 12-26   (2b) Cost savings at 60,000 units: $18,000
Problem 12-27   (1) Increase in profit: $65,000 (2) Increase in profit: $54,000
Problem 12-28   (1) CM per DLH for Tina: $70.80; (4) Maximum to pay per hour: $21
Problem 12-29   (1) Incremental contribution per jar: $0.70; (2) Minimum sales: 10,000 jars
Problem 12-30   (1a) Mark-up percentage: 100%; (2b) Target selling price: $154
Problem 12-31   (1) Maximum per scooter: $1,000
Problem 12-32   (1b) Materials loading charge: 65%; (2) Total price: $1,173
Case 12-33      (1) Lowest price: $34,750; (2) Selling price: $62,615
Case 12-34      No check figure
Case 12-35      (2) Lowest price: $840 per tonne
Case 12-36      (2a) Total annual relevant costs: $35,800,000
Case 12-37      (2a) $10.25 (2b) $94.80 (2c) $136.40


Chapter 13
Problem 13-21   (2) Simple rate of return 14%; (3) Payback 5 years
Problem 13-22   (2) NPV $(192,400)
Problem 13-23   (1) NPV $(45,210)
Problem 13-24    Tax shield $83,445
Problem 13-25   (1) Annual cash flow $24,000
Problem 13-26   (1) Profitability index- Project 1 0.18
Problem 13-27   (1) Average weekly use of washers 1,200
Problem 13-28   (2) Annual incremental operating income €68,000
Problem 13-29   (2) NPV $140,800
Problem 13-30   (1) Interest factor 3.812
Problem 13-31   NPV in favour of lease $52,340
Problem 13-32   (1) Operating income ¥24,000
Problem 13-33   (1) Project C- profitability index 0.35
Problem 13-34   (1) Net cash flow year 1 $(110,000)
Problem 13-35   Alternative 2 tax shield $22,011
Problem 13-36   (1) Net cash flow for new generator $46,750
Problem 13-37   (1) Working capital released- present value $32,810
Case 13-38      No check figure
Case 13-39      (1) Cash outflow for lease $9,097,850
Case 13-40      (1) Production cost-model 2600, year 1 $18,000


Chapter 14 On line chapter
Problem 14-11 (1c) Acid-test ratio: 0.67
Problem 14-12 (1a) EPS $6.16
Problem 14-13 (1b) Current ratio 2.5
Problem 14-14 (1b) Return to common shareholders 9.2%
Problem 14-15 (1) Current liabilities- last year, 18.5%
Problem 14-16 No check figure
Problem 14-17 No check figure
Problem 14-18 (1) Operating income to interest 5.0
Problem 14-19 Net income $162,000
Problem 14-20 Tax expenses $3,040 and $3,154

				
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