Grading Summary These are the automatically computed results of your exam. Grades for essay questions‚ and comments from your instructor‚ are in the "Details" section below. Date Taken: 11/25/2012 Time Spent: 2 h ‚ 18 min ‚ 12 secs Points Received: 143 / 150 (95.3%) Question Type: # Of Questions: # Correct: Multiple Choice 10 9 Short 1 N/A Essay 3 N/A Grade Details - All Questions Page: 1 2 1. Question : (TCO A) Wages paid to an assembly line worker in a factory are
Premium Variable cost Costs Contribution margin
Commerce 354 Lecture Notes and Problems Prepared by J. Kroeker Sauder School of Business University of British Columbia NOTE: Please refer to the “Lecture Preparation Instructions” tab in Vista prior to each class for detailed instructions and reading assignments. Each lecture will require preparation. Identify Issues Analyze Data Build Model Run Model Make Decision Management Accounting: Decision-making The Corporate Environment: Corporations are a conglomeration of people
Premium Costs Fixed cost Variable cost
of 50‚000 units‚ 3/4 complete with respect to direct labor and overhead. The department started and finished 127‚500 units this period. The ending inventory consists of 40‚000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24‚000 and overhead costs of $32‚000 for the period. Assuming the weighted average method‚ the direct labor cost per equivalent unit (rounded to
Premium Manufacturing Costs Cost
1. d. Manufacturing overhead: $534‚000 P 2-43 2. Cost of goods sold: $580‚000 P 2-44 2. Total cost of wages: $608 P 2-51 Direct material‚ 20x2 forecast: $3‚600‚000 P 2-55 6. $370 P 2-57 2. Output of 20‚000 bottles‚ profit: $26‚000 C 2-60 1. a. 60‚000 copies CHAPTER 3 E 3-24 1. Predetermined overhead rate at 300‚000 chicken volume: $ .43 per chicken (rounded) E 3-27 3. Cost of goods manufactured: $665‚000 E 3-28 1. Applied manufacturing overhead: $750‚000 E 3-29 Total
Premium Variable cost
1. d. Manufacturing overhead: $534‚000 P 2-43 2. Cost of goods sold: $580‚000 P 2-44 2. Total cost of wages: $608 P 2-51 Direct material‚ 20x2 forecast: $3‚600‚000 P 2-55 6. $370 P 2-57 2. Output of 20‚000 bottles‚ profit: $26‚000 C 2-60 1. a. 60‚000 copies CHAPTER 3 E 3-24 1. Predetermined overhead rate at 300‚000 chicken volume: $ .43 per chicken (rounded) E 3-27 3. Cost of goods manufactured: $665‚000 E 3-28 1. Applied manufacturing overhead: $750‚000 E 3-29 Total
Premium
slower rate than the free patients which means that the average cost per patient is increasing (please check exhibit 1 for details) 2) Higher growth of free patients: The number of patients selected for surgery after screening is low and the avg. rate of free patients is higher than the paid patients: 3) Capacity and Utilization problem: The utilization rate of the “Tirunelveli” and at the “Theni” units is low causing higher overhead per patient and “Madurai” unit is
Premium Costs Cost Patient
2. All of the following are true EXCEPT that indirect costs A. may be included in prime costs. B. are not easily traced to products or services. C. vary with the selection of the cost object. D. may be included in manufacturing overhead. 3. At a breakeven point of 200 units‚ variable costs total $400 and fixed costs total $600. The 201st unit sold will contribute how much to profits? (6 pts) 4. What is the correct journal entry if $57‚000 of direct materials
Premium Variable cost Costs Fixed cost
1. Calculate the overhead allocation rate for each of the model years 2003 through 2005. Are the changes since 2002 overhead allocation rates significant? Why have these changes occurred? Overhead Allocation refers to the process of identifying specific overheads of a particular cost centre and charging them. For example‚ in this case wages paid to truck drivers is an overhead cost which is directly identifiable with the Cost Centre i.e. ACF. In case of expenses which cannot be directly identified
Premium Employment Cost driver Marketing
Scotts Miracle-Gro: The Spreader Sourcing Decision By Harvey L. Brooks Don Billoni Valarie Haywood Cynthia Wiley Procurement 5820 Professor: Dr. Innocent July 22‚ 2011 Table of Content Case Introduction………………………………………………………………….3-4 Statement of Problem……………………………………………………………...4-6 Causes of the Problem……………………………………………………………….6 Decision Criteria and Alternative Solution ……………………………….……7-8 Decision Matrix and Scoring………………………………………………………...9 Recommend Solution and Implementation…………………
Premium
EC staff consolidated version as of 16 September 2009‚ FOR INFORMATION PURPOSES ONLY EN - EU IAS 2 International Accounting Standard 2 Inventories Objective 1 The objective of this Standard is to prescribe the accounting treatment for inventories. A primary issue in accounting for inventories is the amount of cost to be recognised as an asset and carried forward until the related revenues are recognised. This Standard provides guidance on the determination of cost and its subsequent
Premium Inventory Cost accounting Costs