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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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Problem 2 26 Schedule of Cost of Goods Manufactured Income ... document sample

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