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Question 51. WriterOne Inc. manufactures ball po

Question 51. WriterOne Inc. manufactures ball po

Question
51. WriterOne Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2009 and 2010 was 8,000 units. There was no beginning inventory in 2009. The following data summarized the 2009 and 2010 operations:

Full costing operating income for 2009 is calculated to be:

A. $149.

B. $430.

C. $655.

D. $1,030.

E. $1,180.

52. WriterOne Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2009 and 2010 was 8,000 units. There was no beginning inventory in 2009. The following data summarized the 2009 and 2010 operations:

Full costing operating income for 2010 is calculated to be:

A. $149.

B. $430.

C. $655.

D. $1,030.

E. $1,180.

53. WriterOne Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2009 and 2010 was 8,000 units. There was no beginning inventory in 2009. The following data summarized the 2009 and 2010 operations:

Variable costing operating income for 2009 is calculated to be:

A. $149.

B. $430.

C. $655.

D. $1,030.

E. $1,180.

54. WriterOne Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2009 and 2010 was 8,000 units. There was no beginning inventory in 2009. The following data summarized the 2009 and 2010 operations:

Variable costing operating income for 2010 is calculated to be:

A. $149.

B. $430.

C. $655.

D. $1,030.

E. $1,180.

55. The value stream income statement can be compared to:

A. Value chain analysis.

B. The contribution income statement.

C. A streamlined production process.

D. A streamlined accounting system.

56. The six steps Ittner and Larcker propose for maximizing the value of nonfinancial measures when using a balanced scorecard include all the following except:

A. Continually refine the model.

B. Assess outcomes.

C. Gather data.

D. Base actions on the data.

E. Base actions on the findings.

57. The balanced scorecard is particularly important in difficult economic times because:

A. Financial measures are even more important.

B. Nonfinancial measures are even more important.

C. Financial measures may be distorted.

D. Nonfinancial measures may be distorted.

58. The value stream income statement provides the following information not usually contained in the contribution income statement:

A. Contribution by CPC.

B. Contribution by profit center.

C. A separate accounting for the effect of inventory change on profit.

D. A separate accounting for the effect of productivity change on profit.

59. Tokless Inc. planned and manufactured 400,000 units of its single product in 2010, its first year of operations. Variable manufacturing costs were $50 per unit of production. Planned and fixed manufacturing costs were $800,000. Marketing and administrative costs (all fixed) were $600,000 in 2010. Tokless Inc. sold 195,000 units of product in 2010 at $65 per unit. Sales for 2010 are calculated to be:

A. $9,750,000.

B. $12,675,000.

C. $13,000,000.

D. $13,900,000.

E. $20,000,000.

60. Tokless Inc. planned and manufactured 400,000 units of its single product in 2010, its first year

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