please
answer all 4 mulitple choice questionsHomework Answers
rate positively ..
| Ans 1 | |||||||||
| Direct material | 62000 | ||||||||
| Direct labor | 4000 | ||||||||
| Total cost | 66000 | ||||||||
| Mark up @ 16% | 10560 | ||||||||
| Price = | 76560 | ||||||||
| Correct answer is option : | b | $ 76,560 | |||||||
| Ans 2 | Correct answer is option : | ||||||||
| c) segmented reports prepared on a variable-costing basis are important | |||||||||
| Ans 3 | Correct answer is option : | ||||||||
| C) target cost = target price - desired profit. | |||||||||
| Ans 4 | Correct answer is option : | ||||||||
| C) product mix refers to the relative amount of each product manufactured (or service provided) by a company |
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please
answer all 4 mulitple choice questions
If a company has a policy of charging its...
Which of the following is true of product mix? O a. The product mix of a...
Which of the following is true of product mix? O a. The product mix of a company always varies with the quantity of goods purchased. b. Product mix refers to the relative amount of each product purchased (or service received) by a company. c. Product mix refers to the relative amount of each product manufactured (or service provided) by a company. d. The product mix of a company is always constant throughout its existence.
please answer all 3 multiple choice questions Identify a true statement about cost-based pricing. a. The...
please
answer all 3 multiple choice questions
Identify a true statement about cost-based pricing. a. The markup percentage used in cost-based pricing includes only the desired profit. O b. Cost-based pricing is used only by manufacturing and trading companies. c. Cost-based pricing requires an approximate estimate of the cost for pricing a product. d. An appropriate markup percentage is always required in cost-based pricing. When managers consider a product mix, O a. they must choose the alternative that minimizes sales...
please answer all 4 multiple choice questions Which of the following are fairly easy to trace...
please
answer all 4 multiple choice questions
Which of the following are fairly easy to trace to individual jobs? Direct materials and direct labor Overhead and indirect labor Direct labor and overhead Direct materials and maintenance Depreciation on machinery and overhead Manufacturing overhead consists of all manufacturing costs other than direct materials. consists of all costs other than direct materials and direct labor. consists of all costs other than direct materials. consists of all manufacturing costs other than direct materials...
Prepare summary journal entries to record the following transactions for a company in its first month of operations.
Prepare summary journal entries to record the following transactions for a company in its first month of operations. a. Raw materials purchased on account, $114,000. b. Direct materials used in production, $45,500. Indirect materials used in production, $20,400 c. Paid cash for factory payroll, $50,000. Of this total, $37,000 is for direct labor and $13,000 is for indirect labor. d. Paid cash for other actual overhead costs, $9,125. e. Applied overhead at the rate of 125% of direct labor cost. f. Transferred cost of jobs completed...
Prepare summary journal entries to record the following transactions for a company in its first month...
Prepare summary journal entries to record the following transactions for a company in its first month of operations. Raw materials purchased on account, $114,000. Direct materials used in production, $45,500. Indirect materials used in production, $20,400. Paid cash for factory payroll, $50,000. Of this total, $37,000 is for direct labor and $13,000 is for indirect labor. Paid cash for other actual overhead costs, $9,125. Applied overhead at the rate of 125% of direct labor cost. Transferred cost of jobs completed...
please answer all 4 multiple choice questions Which of the following equations is used to calculate...
please
answer all 4 multiple choice questions
Which of the following equations is used to calculate the break-even units? a. Break-Even Units = Total Fixed Cost / Price per Unit b. Break-Even Units = Total Fixed Cost / Variable Cost per Unit c. Break-Even Units = Total Variable Cost / (Price - Fixed Cost per Unit) d. Break-Even Units = Total Fixed Cost / (Price - Variable Cost per Unit) CE Contribution margin is the difference between: O a. sales...
please answer all 4 multiple choice questions Ace Manufacturing identifies the following activities and drivers for...
please
answer all 4 multiple choice questions
Ace Manufacturing identifies the following activities and drivers for its operations: Activity Moving Materials Machining Activity Driver Number of moves Machine hours Driver Quantity 300 10,000 Ace estimates Moving Materials and Machining will cost $2,700,000 and $2,000,000 respectively. Ace's activity rates are: a. $9 per move and $20 per machine hour. b. $900 per move and $2,000 per machine hour. c. $90 per move and $2 per machine hour. d. $9,000 per move...
Mountain Road Production Company has provided the following financial data for its most recent month. Unit...
Mountain Road Production Company has provided the following financial data for its most recent month. Unit Selling Price $22 Units in beginning inventory 0 Units produced 12,000 Units sold 10,000 Variable costs per unit: Direct materials $6 Direct labor $4 Manufacturing overhead $5 Selling and administrative costs $2 Fixed costs: Manufacturing overhead $12,000 Selling and administrative costs $10,000 Required: a) Calculate the unit product cost under variable costing. b) Calculate the unit product cost under absorption costing. c) Calculate the...
MULTIPLE CHOICE. Choose the one alternative that best completes the question. 1). A company has an...
MULTIPLE CHOICE. Choose the one alternative that best completes the question. 1). A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $20,000? a). $5,000 b). $16,000 c). $25,000 d). $125,000 e). $250,000 2). CWN Company uses a job order costing system and last period incurred $80,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period...
questions 1-4 are mulitple choice please help. this is for finanical accounting. urgent!!! en seys, a...
questions 1-4 are mulitple choice please help. this is for
finanical accounting. urgent!!!
en seys, a New York based fashion firm has EPS of $2.75. If Its DFL is 1.85, and operating earnings increase by 12%, what will be its new EPS, assuming there is no change in the number of shares of stock? a. $1.22 b. $3.15 C. $3.36 d. $2.97 e. None of the above. 11. What is the Degree of Combined Leverage (DCL) of a firm with...
Which of the following is true of product mix? O a. The product mix of a company always varies with the quantity of goods purchased. b. Product mix refers to the relative amount of each product purchased (or service received) by a company. c. Product mix refers to the relative amount of each product manufactured (or service provided) by a company. d. The product mix of a company is always constant throughout its existence.
please
answer all 3 multiple choice questions
Identify a true statement about cost-based pricing. a. The markup percentage used in cost-based pricing includes only the desired profit. O b. Cost-based pricing is used only by manufacturing and trading companies. c. Cost-based pricing requires an approximate estimate of the cost for pricing a product. d. An appropriate markup percentage is always required in cost-based pricing. When managers consider a product mix, O a. they must choose the alternative that minimizes sales...
please
answer all 4 multiple choice questions
Which of the following are fairly easy to trace to individual jobs? Direct materials and direct labor Overhead and indirect labor Direct labor and overhead Direct materials and maintenance Depreciation on machinery and overhead Manufacturing overhead consists of all manufacturing costs other than direct materials. consists of all costs other than direct materials and direct labor. consists of all costs other than direct materials. consists of all manufacturing costs other than direct materials...
please
answer all 4 multiple choice questions
Which of the following equations is used to calculate the break-even units? a. Break-Even Units = Total Fixed Cost / Price per Unit b. Break-Even Units = Total Fixed Cost / Variable Cost per Unit c. Break-Even Units = Total Variable Cost / (Price - Fixed Cost per Unit) d. Break-Even Units = Total Fixed Cost / (Price - Variable Cost per Unit) CE Contribution margin is the difference between: O a. sales...
please
answer all 4 multiple choice questions
Ace Manufacturing identifies the following activities and drivers for its operations: Activity Moving Materials Machining Activity Driver Number of moves Machine hours Driver Quantity 300 10,000 Ace estimates Moving Materials and Machining will cost $2,700,000 and $2,000,000 respectively. Ace's activity rates are: a. $9 per move and $20 per machine hour. b. $900 per move and $2,000 per machine hour. c. $90 per move and $2 per machine hour. d. $9,000 per move...
Mountain Road Production Company has provided the following financial data for its most recent month. Unit Selling Price $22 Units in beginning inventory 0 Units produced 12,000 Units sold 10,000 Variable costs per unit: Direct materials $6 Direct labor $4 Manufacturing overhead $5 Selling and administrative costs $2 Fixed costs: Manufacturing overhead $12,000 Selling and administrative costs $10,000 Required: a) Calculate the unit product cost under variable costing. b) Calculate the unit product cost under absorption costing. c) Calculate the...
MULTIPLE CHOICE. Choose the one alternative that best completes the question. 1). A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $20,000? a). $5,000 b). $16,000 c). $25,000 d). $125,000 e). $250,000 2). CWN Company uses a job order costing system and last period incurred $80,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period...
questions 1-4 are mulitple choice please help. this is for
finanical accounting. urgent!!!
en seys, a New York based fashion firm has EPS of $2.75. If Its DFL is 1.85, and operating earnings increase by 12%, what will be its new EPS, assuming there is no change in the number of shares of stock? a. $1.22 b. $3.15 C. $3.36 d. $2.97 e. None of the above. 11. What is the Degree of Combined Leverage (DCL) of a firm with...
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