ADM 1300 Study Guide - Quiz Guide: Fixed Cost, Informa

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11 Jul 2014

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ADM 1300 Full Course Notes

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Question 1: breakeven point analysis: how many units need to be produced to at least breakeven? (10 points) Fixed costs: ,600 (12) + , 000 + , 000(12) = ,200. Variable costs: . 00 + . 00 + . 00 = . 00 (3 points) Bep = fc / uc = 375,200/ 3. 00 = 125,066. 67 units ( 4points: using the above information, draw a breakeven diagram and properly label all appropriate points. **bep in dollars = 125,066. 67 units * 15. 00 = ,876,000 diagram (10 points) You are given the following data for the abc corporation: Annual cost to carry inventory: 15: calculate the economic order quantity. (5 points) Costs to carry inventory: 1825. 74/2 * . 15 * 100 = ,693. 05 (2 points) Total costs = ,027,386. 13 (1 point: 10 equal instalments instead of eoq. Cost to carry inventory 50,000/2 * . 15 *100 = 375,000 (3 points) Question 5: ratios: inventory turnover = cogs/ avg inventory. 2. 67 times: acid test ratio = (ca (prepaid exp.

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Use the table below to answer the following question. Table 1 The following table gives points on the production possibilities frontier for goods X and Y. Point Production of X Production of Y 40 B4 16 18) Refer to Table 1. What does point C mean? A) If 28 units of Y are produced, then more than 8 units of X can be produced. B) If 8 units of X are produced, then at most 28 units of Y can be produced. C) There is unemployment at this point. D) If 8 units of X are produced, then at least 28 units of Y can be produced. E) If 8 units of X are produced, then only 36 units of Y can be produced.

Bergman Inc. has the f011owing product information available:

Sales price $12 per unit

Variable costs $ 4 per unit

Fixed costs $15.600

Units sold 10,400

1. Refer to the Bergman Inc. information above. what is the break-even point in units;

A. 1,950

B. 891

C. 975

D. 2,400

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Poole Products Inc has the following product information available.

Sales price $25 per unit

Variable costs $10 per unit

Fixed costs $36.000

2. Refer to the Poole Products Inc. Information above. How many units need to be sold in order to earn a target profit of $249.000;

A. 8,143

B. 14,200

C. 16,600

D. 19,000

3. When calculating the break-even point in a multi-product environment. which of the following pieces of information would not be relevant?

A. Contribution margin per unit for each type of product

B. Each product percentage of total sales

C. Total fixed costs

D Fixed costs per unit

tanserval418

The following data for the telephone company pertain to the production of 450 rolls of telephone wire during June. Selected items are omitted because the costing records were lost in a windstorm.

Direct Materials (All materials purchased were used)

Standard cost per roll: a pounds at $4.00 per pound

Total actual cost: b pounds costing $9600.

Standard cost allowed for units produced was $9000

Materials price variance: c

Materials efficiency variance was $80 unfavorable.

Direct Manufacturing Labor

Standard cost is 3 hours per roll at $8.00 per hour

Actual cost per hour was $8.25

Total actual cost: d

Labor price variance: e

Labor efficiency variance was $400 unfavorable.

Required:

Compute the missing elements in the report represented by the lettereditems.

maroonimpala463

ADM 1300 Study Guide - Quiz Guide: Fixed Cost, Informa

ADM 1300 Full Course Notes

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