1. Information for Duncan Corporation is shown below:

	20X1
Net Income	$ 400,000
Average Investment	1,000,000
Sales Revenue	2,000,000

If the average investment of the company increased by 10% without any change in net income, what would be the new ROI?

Group of answer choices

18.18%

44.00%

44.44%

36.36%

2. Davis Corporation reported the following for the month of November:

Total hourly wages of plant workers	$80,000
Advertising	134,000
Sales Commission	40,000
Depreciation of machine used in production	28,000
Depreciation of administrative equipment	27,000
Indirect Labor	25,000
Administrative Salaries	95,000
Utilities, factory	11,000
Direct Materials	200,000
Freight Out	20,000

What is the total period costs for November?

Group of answer choices

$316,000

$296,000

$344,000

$364,000

3.

Selling price per unit	25
Number of units sold	15,000
Contribution margin ratio	30%
Net Income	50,000

What is the fixed costs?

Group of answer choices

$300,000

$112,500

$62,500

$375,000

4.

Total Manufacturing Costs	$325,000
Applied Overhead Costs, 75% of direct labor cost	75,000
Selling expenses	316,000
Administrative expenses	314,000

What is the conversion cost?

Group of answer choices

$175,000

$100,000

$131,250

$75,000

5.

The following information pertains to Splash Brothers Corporation:

Sales margin	25%
Capital Turnover	2
Income	$ 80,000
Required Rate of Return	10%

What is the average investment or operating assets?

Group of answer choices

$ 800,000

$160,000

$180,000

$ 320,000

6. Steph Companys direct labor costs:

Standard direct labor hours	30,000
Actual direct labor hours	29,000
Direct labor efficiency variance favorable	$4,000
Direct labor rate variance favorable	$5,800
Total payroll	$110,200

What is the actual direct labor rate?

Group of answer choices

$ 4.00

$ 3.60

$ 3.80

$ 3.54

7.

Lebron Co. manufactures product X with the following standard costs:

Direct materials, 20 yards @ 13.50 per yard	270
Direct labor, 4 hours @ 90.00 per hour	360

The following information pertains to the month of May:

Direct materials, 18,000 yards @ $13.80 per yard	$248,400
Direct labor, 2,100 hours @ $91.50 per hour	$192,150
Direct materials used	9,500 yards
Production during May	500 units

What is the direct labor rate variance?

Group of answer choices

3,150 F

3,150 U

9,000 F

9,000 U

8.

Davis Corporation reported the following for the month of November:

Total hourly wages of plant workers	$80,000
Advertising	134,000
Sales Commission	40,000
Depreciation of machine used in production	28,000
Depreciation of administrative equipment	27,000
Indirect Labor	25,000
Administrative Salaries	95,000
Utilities, factory	11,000
Direct Materials	200,000
Freight Out	20,000

What is the total manufacturing overhead costs for November?

Group of answer choices

$84,000

$46,000

$53,000

$64,000