29 Jun Question 1)Under a relevant range of production, when total quantities sold increase, total fixed costs
Question
1)Under a relevant range of production, when total quantities sold increase, total fixed costs
a.
increase
b.
decrease
c.
remain equal
d.
there is no relationship
2)Conversion costs are
a.
only direct material
b.
only direct labor
c.
only overhead
d.
overhead and direct labor
3)XY Company sells its unique product at $30.00. Variable costs per unit are $20.00. Total fixed sales salaries per month $40,000.00. Other fixed costs per month $60,000.00. Assume that the company wants to change the sales salaries as follows: Total fixed sales salaries per month 25,000. Sales commission of 10% of sales.?Find at what sale-level is the company indifferent between the two alternatives
a.
$5,000
b.
5,000 units
c.
10,000
d.
7,500 units
4) AJ Company makes three products.
?
?
?
Current selling price per unit, variable cost per unit, and machine hours required are as follows:
?
?
Products
?
?
X
Y
Z
Current selling price per unit
$20
$30
$20
Variable cost per unit
10
18
12
Machine hours required for each unit
2
3
4
The company has a maximum of 1000 machine hours available per month.
Assume the company produces all products; find the total contribution margin per hour.
a.
$13.50
b.
$12
c.
$9
d.
$4
5) TC Company makes several printing works using two machines (X and Y).
Data on the two machines for June 2010 are as follows:
X
Y
Direct material
10
15
Time required for each unit (TR)
2
3
Expected volume during the month (EV)
2,000
500
Expected labor cost per hour
50
Budgeted overhead costs
660,000
Determine
The overhead rate per labor hour
1.
FOAR = $120.00 per hour worked
2.
FOAR = 120.00 per dollar
3.
FOAR = $60.00 per hour worked
4.
FOAR = $120.00 per overhead costs
6) Assume the cost structure is as follows: TC = 25,000 + 5q, where TC = total costs, q = quantities sold. Under relevant range of sales, selling price per unit is $8.00. Total fixed costs are
$100,000
$50,000
$25,000
More information is needed
7) The income statements of Tahany Company for June and July 2005 are as follows:
June
July
Sales
610
650
Cost of goods sold
420
460
Gross margin
190
190
Selling and administrative expenses
185
195
Income before tax
5
-5
Using High Low Method, the variable component of cost of goods sold is
a.
1.00
b.
.25
c.
1.25
d.
0
8) Non value added activities are
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