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11-17 Management Accounting. Please answer all ASAP. Thank you. 11. Which of the following statements represents a uniform and continuous manufacturing system? Please choose an
11-17 Management Accounting. Please answer all ASAP. Thank you.
11. Which of the following statements represents a uniform and continuous manufacturing system? Please choose an answer. a. A single product produced in large quantities, the units produced are often identical, the costs are accumulated by workshop. b. A single product manufactured in large quantities, costs are accumulated by workshop, cost tracking is done using the cost sheet per order. c. There are a large number of different orders, each order is unique, costs are accumulated per order. d. There are a large number of different orders, costs are accumulated by workshop, unit cost tracking is done using the production report.
12. In the following list of costs, which ones refer to product costs for a manufacturing plant? Please choose an answer. a. Factory depreciation, raw material, assembly line worker wages, supplies used for manufacturing. b. Year-end bonuses for executives, advertising costs, marketing costs for new products. c. Raw material, factory insurance, selling expenses, administrative assistant salary. d. Assembly line supervisor salary, administrative office supply costs, direct labor.
13. According to a make-to-order system for BDF, the indirect manufacturing costs forecast for 2017 are $525,000. The allocation basis that was used is based on direct labor hours. In 2017, the projected MOD hour cost is $275,000. The company predicts that 20,000 hours of MOD will be useful for manufacturing. What is the expected imputation rate for 2017? Please choose an answer. a. $26.25 b. $40.00 c. $12.50 d. $13.75
14. The average cost method in a uniform and continuous manufacturing system consists of: a. to distribute all the costs incurred during the chosen period between the completed units and the stock of products in progress at the end of the period. b. calculating the total average costs for the period over all units completed or not at the beginning of the period or at the end. c. allocate all costs incurred between units in production, units completed and units in progress at the end of the period. d. to distribute the costs over the units traded during the period.\
15 A factory specializing in the manufacture of aircraft landing brakes must assume different fixed, variable and semi-variable costs in the manufacturing process for different levels of activity. For a manufacturing level of 4,500 units, the total costs are $28,500. For an activity level of 3,000 units, the costs are $22,000. What is the unit semi-variable cost? a. $4.33 b. $6 c. $7 d. $6.50
16. When a company gets an FIF overcharge or undercharge balance with a make-to-order system, what can it do with the balances? a. Add the amount to cost of sales, split the balance between work in progress and finished goods, or carry the balance forward to the next year. b. Do nothing; the company should never get an over or under charge. c. Pass the balances directly to the income statement. d. Create a balance on the balance sheet either in assets or in liabilities.
17. Beausjour company manufactures various garden furniture. She has furniture finishing equipment purchased 15 years ago that shows significant signs of wear. She can either repair her equipment or buy a new one. - Purchase price of the equipment 15 years ago: $150,000. - Annual amortization: $10,000. - Salvage value: $0. - Monthly equipment insurance: $250. - Purchase of new equipment: $175,000. - Amount for equipment condition inspection: $500. - Price of repairing the current equipment that will give it two additional years of life: $25,000.
What is or what are the sunk costs, according to the business decision making? a. $2,500 b. $150,000, $10,000, $250 c. $150,000, $500 d. $500, $10,000, $250
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