Question
16. The following information is available for Kiss Company: Sales $ 101,500 Operating expenses $ 95,000 Operating assets $ 42,500 Stockholders equity $ 25,500 Cost
16. The following information is available for Kiss Company:
| Sales | $ | 101,500 | ||
| Operating expenses | $ | 95,000 | ||
| Operating assets | $ | 42,500 | ||
| Stockholders equity | $ | 25,500 | ||
| Cost of capital | 8 | % | ||
What is Kiss Company's residual income?
$4,460.
$3,400.
$3,100.
$2,040.
17.
| Actual machine hours | 920 | ||
| Standard machine hours allowed | 1,060 | ||
| Denominator activity (machine hours) | 1,185 | ||
| Actual fixed overhead costs | $ | 5,500 | |
| Budgeted fixed overhead costs | $ | 5,925 | |
| Predetermined overhead rate ($1 variable + $5 fixed) | $ | 6 | |
What is the production volume variance?
$840.
$425.
$625.
$700.
18. You have been provided with the following information for Division X of a decentralized company:
| Selling price | $ | 85 | |
| Variable cost per unit | 73 | ||
| Fixed cost per unit | 25 | ||
| Sales volume (units) | 23,500 | ||
| Capacity (units) | 26,400 | ||
Division Y of the same company would like to purchase all of its units internally. Division Y needs 8,700 units each period and currently pays $79 per unit to an outside firm. What is the lowest price that Division X could accept from Division Y? (Assume that Division Y wants to use a sole supplier and will not purchase less than 8,700 from a supplier.)
$85.
$81.
$79.
$73.
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Care And Counsel For Combat Trauma Training Program Workbook For Audit Only
Authors: Cru Military, American Association Of Christian Counselors, Light University, Karen D Watkins
1st Edition
0986363081, 978-0986363085
