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For Michael L, could you please help me answer these questions. Please see attached file. Thanks so much Managerial Accounting Chapters 1, 2 & 3

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For Michael L, could you please help me answer these questions. Please see attached file. Thanks so much image text in transcribed

Managerial Accounting Chapters 1, 2 & 3 1) The following information pertains to three divisions of Conway, Inc. (amounts in millions): Sales Operating Income Investment Chemical Retail Paint Industrial $16,000 $30,000 $120,000 $4,000 $6,000 $40,000 $320,000 $660,000 $2,000,000 Which division is more profitable based on ROI? A) Chemical B) Retail paint C) Industrial D) Both Chemical and Retail paint are more profitable than Industrial. 5) P&G, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of variable costs, and $17,500 of fixed costs. The number of units that must be sold annually to achieve $52,500 of profits is: A) 20,000 units. not sure I believe this one is the answer B) 15,000 units. C) 10,000 units. D) 5,000 units. Use the following information for Questions 6 & 7. The following annual information is for Fantastic Products, Inc: Revenue per unit: Variable cost per unit: Total fixed costs: Product X $10.00 $ 2.50 Product Y $15.00 $ 5.00 $100,000 6) If the sales mix consists of two units of Product X and one unit of Product Y, what is the break-even point in units for a year? I am confused between A and D A) 2,000 units of Y and 4,000 units of X B) 2,025 units of Y and 4,050 units of X C) 4,025 units of Y and 8,050 units of X D) 4,000 units of Y and 8,000 units of X 7) If the sales mix shifts to one unit of Product X and two units of Product Y, then the break-even point in units for a year will: A) increase. B) stay the same. C) decrease. D) be undeterminable. 8) When deciding to purchase a new cutting machine or continue using the old machine, the following costs are all relevant EXCEPT the: A) $100,000 cost of the old machine. B) $40,000 cost of the new machine. C) $20,000 disposal value of the old machine. D) $6,000 annual savings in operating costs if the new machine is purchased. 9) Hercules Chemical Company is considering replacing its existing computer system with a new computer system. The new system can offer considerable savings in computer processing and inventory management costs. Information about the existing system and the new system follow: Original cost Annual operating cost Accumulated depreciation Current salvage value of the existing system Remaining life in 5 years Salvage value in 5 years Annual depreciation Existing Computer $10,000 $ 3,500 New Computer $15,000 $ 2,000 $ 6,000 --- $ 4,000 5 years $ 0 --$ $ $ 3,000 2,000 0 Should Hercules replace the existing computer system with the new system? What are the cash flow savings or additional cost over the 5 years? Ignore income taxes. A) Yes replace, net savings of $5,000. B) Yes replace, net savings of $15,000. C) No do not replace, additional costs of $5,000. D) No do not replace, additional costs of $3,500. 10) Brando Company has three products, X, Y, and Z. The following information is available: Sales Variable costs Contribution margin Fixed costs: Avoidable Unavoidable Operating income Product X $30,000 18,000 12,000 Product Y $45,000 24,000 21,000 Product Z $12,000 7,500 4,500 4,500 3,000 $4,500 9,000 4,500 $7,500 3,000 2,700 $ (1,200) Assuming Product Z is discontinued and the space formerly used to produce the product is rented for $6,000 per year, operating income will: A) increase by $3,300. B) increase by $4,500. C) increase by $6,000. D) increase by $7,200. 3) Defect rates for products and yield percentages in manufacturing are measures of quality included in the ________ perspective of the Balanced Scorecard. A) financial B) production C) process Ans C D) internal 4) Manufacturing cycle efficiency is an example of a Balanced Scorecard's measure of the: A) process perspective. Ans A B) customer perspective. C) learning and growth perspective. D) financial perspective. These are my answers, just wanted to see if I was correct. Thanks. 3) Defect rates for products and yield percentages in manufacturing are measures of quality included in the ________ perspective of the Balanced Scorecard. A) financial B) production C) process Ans C D) internal 4) Manufacturing cycle efficiency is an example of a Balanced Scorecard's measure of the: A) process perspective. Ans A B) customer perspective. C) learning and growth perspective. D) financial perspective. These are my answers, just wanted to see if I was correct. Thanks

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