03 Sep ACCT 402 Week 4 Midterm Exam-New…GUARANTEED A+ ANSWERS! GOOD LUCK
1. (TCO 1) A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has the value 200, what is the slope coefficient?
2. (TCO 1) Companies that take advantage of quantity discounts in purchasing their materials have
3. (TCO 3) The best opportunity for cost reduction is
4. (TCO 3) Each month, Haddock Company has $275,000 total manufacturing costs (20% fixed) and $125,000 distribution and marketing costs (36% fixed). Haddock’s monthly sales are $500,000. The markup percentage on variable costs to arrive at the existing (target) selling price is
5. (TCO 3) Which of these do antitrust laws on pricing not cover?
6. (TCO 6) Homogeneity is used to
7. (TCO 6) Information about price discounting can be useful in analyzing revenues of customers if
8. (TCO 5) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX.
Budgeted Data
Actual Data
Tuna
ChikBits
ChezNips
Tuna
ChikBits
ChezNips
Bags
7,200
4,800
4,000
10,800
3,600
7,200
CM per bag
$2.50
$4.00
$5.00
$2.00
$3.00
$7.50
Cont. Margin
$18,000
$19,200
$20,000
$21,600
$10,800
$54,000
Total Contribution Margin
$57,200
$86,400
According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 20XX in Southfield was 72,000.
The sales-quantity variance for December 20XX for Natural Nutrients Bakery is
9. (TCO 6) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX.
Budgeted Data
Actual Data
Tuna
ChikBits
ChezNips
Tuna
ChikBits
ChezNips
Bags
7,200
4,800
4,000
10,800
3,600
7,200
CM per bag
$2.50
$4.00
$5.00
$2.00
$3.00
$7.50
Cont. Margin
$18,000
$19,200
$20,000
$21,600
$10,800
$54,000
Total Contribution Margin
$57,200
$86,400
According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 200X in Southfield was 72,000.
The market-share variance for December 20XX for Natural Nutrients Bakery is
10. (TCO 6) Fulbrite Fashions sells a line of women’s dresses. Fulbrite’s performance report for November is shown below. The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income.
Actual
Budget
Dresses sold
5,000
6,000
Sales
$235,000
$300,000
Variable costs
(145,000)
(180,000)
Contribution margin
$ 90,000
$120,000
Fixed costs
(84,000)
(80,000)
Operating income
$ 6,000
$ 40,000
The effect of the sales quantity variance on Fulbrite’s contribution margin for November is
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.