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Accounting Expert Answers & Study Resources : Page 20

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31) Iglesias Company completed Job 12 on 30 November. The details of Job 12 are given below:   Direct labour cost $910 Direct materials cost $1140 Machine hours 10 Direct labour hours 29 Predetermined overhead allocation rate $93 per machine hour   What is the total cost of Job 12? A) $2050 B) $2060 C) $2980 D) $4747 32) Hermione Company completed Job GH6 last month. The cost.

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  • 31) Iglesias Company completed Job 12 30 November. The details
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76) The Badminton Company has 4000 machine hours available annually to manufacture racquets. The following information is available for the two different racquets produced by Badminton:   Pro   Unit sales price $300 Unit variable costs $150 Annual demand 1800 units Machine time 1.25 hours per unit Mid   Unit sales price $125 Unit variable costs $80 Annual demand 5000 units Machine time 6 hours per unit   How many units of each.

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  • 76) The Badminton Company has 4000 machine hours available annually
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61) Macaulay Company has three product lines—D, E, and F. The following information is available:     D E F Sales $90,000 $50,000 $30,000 Variable costs (40,000) (10,000) (10,000) Contribution margin $50,000 $40,000 20,000 Fixed expenses (15,000) (10,000) (24,000) Operating profit (loss) $35,000 $30,000 ($4000)   Macaulay Company is thinking of dropping product line F because it is reporting an operating loss. Assuming fixed costs are unavoidable, if Macaulay Company drops product line F and rents the.

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  • 61) Macaulay Company has three product lines—D, E, and F.
  • Accounting
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76) Allston Products sells a special kind of effects pedal for musical performers. Each unit sells for $20.00. Additional data for the month of April 2016, are as follows:   Direct materials $4 per unit Direct labour $8 per unit Variable manufacturing overhead $23,000 per month Fixed manufacturing overhead $15,000 per month Operating expenses $21,000 per month       Beginning inventory 0 units Units produced 10,000 units Units sold 8500 units Ending inventory 700 units   Using absorption costing, how much is.

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  • 76) Allston Products sells a special kind of effects pedal
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56) A company has two different products that are sold in different markets. Financial data are as follows:     Product A Product B Total Revenue $18,000 $9500 $27,500 Variable cost (9000) (9700) (18,700) Fixed cost (allocated) ($2000) ($2000) (4000) Operating profit $7000 ($2200) $4800   Assume that fixed costs are all unavoidable and that dropping one product would not impact sales of the other. If Product B is dropped, what would be.

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  • 56) A company has two different products that sold in
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11) In job order costing, the journal entry to issue indirect materials to production should include which of the following? A) Credit to Manufacturing overhead B) Credit to Finished goods inventory C) Credit to Work in process inventory D) Credit to Materials inventory 12) Which of the following correctly describes the term conversion costs? A) The.

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  • 11) In job order costing, the journal entry to issue
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91) CM Manufacturing has provided the following unit costs pertaining to a component they manufacture and use in the production of one of their main products:   Direct materials $410 Direct labour (variable) 110 Variable manufacturing overhead 80 Fixed manufacturing overhead 30   A supplier has offered to provide the component to CM Manufacturing for $650 per unit. If CM Manufacturing.

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  • 91) CM Manufacturing has provided the following unit costs pertaining
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21) Rica Company is a price-taker and uses target pricing. Refer to the following information:   Production volume 601,000 units per year Market price $30 per unit Desired operating profit 15% of total assets Total assets $13,800,000   Variable cost per unit $19 per unit Fixed cost per year $5,500,000 per year   With the current cost structure, Rica cannot achieve its profit goals. It will have to reduce either the.

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  • 21) Rica Company a price-taker and uses target pricing. Refer
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81) In making product mix decisions under constraining factors, a company should maximise sales of the product with the highest contribution margin per unit. 82) Sand Company manufactures two styles of lamps: a Bedford Lamp and a Lowell Lamp. The following per unit data are available:     Bedford Lamp Lowell Lamp Sale price $30 $50 Variable costs $20 $25 Machine hours.

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  • 81) In making product mix decisions under constraining factors, a
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51) Which of the following statements describes a scenario when management should consider dropping a business division? A) The division's avoidable fixed costs are greater than its contribution margin. B) The division's avoidable fixed costs are less than its contribution margin. C) The division has consistently reported an operating loss. D) The division's unavoidable.

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  • 51) Which of the following statements describes a scenario when
  • Accounting
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46) If a company is a price-taker, it has considerable flexibility in setting its products' prices. 47) Polynesia Company manufactures sonars for fishing boats. Model 70 sells for $300. Polynesia produces and sells 5 600 of them per year. Cost data are as follows:   Variable manufacturing $100 per unit Variable marketing $16 per unit Fixed manufacturing $280 000 per year Fixed.

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  • 46) If a company a price-taker, it has considerable flexibility
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