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Unit 8 Exercise Question 1: Floppy Disk Inc. produces and sells recordable DVD and BluRay packs. Revenue and cost information relating to the products follow: Product DVD BluRay Selling price per pack $8.00 $20.00 Variable expenses per pack $3.20 $10.50 $138,000 $45,000 Traceable fixed expenses per year Common fixed expenses in the company total $105,000 annually. Last year the company produced and sold 37,500 DVD packs and 18,000 BluRay packs. Required: 1. Prepare a contributionformat income statement for the year, segmented by product lines. Question 2: Larinore Corporation has a Castings Division that does casting work of various types. The company's Machine Products Division has asked the Castings Division to provide it with 20,000 special castings each year on a continuing basis. The special castings would require $10 per unit in variable production costs. The Machine Products Division has a bid from an outside supplier of $29 per unit for the castings. In order to have time and space to produce the new castings, the Castings Division would have to cut back production of another casting: the RB4, which it presently is producing. The RB4 sells for $30 per unit, and requires $12 per unit in variable production costs. Boxing and shipping costs of the RB4 are $4 per unit. Boxing and shipping costs for the new special casting would be only $1 per unit. The company is now producing and selling 100,000 units of the RB4 each year. Production and sales of this casting would drop by 20% if the new casting is produced. Required: 1. What is the range of transfer prices within which both the divisions' profits would increase as a result of agreeing to the transfer of 20,000 castings per year from the Castings Division to the Machine Products Division? 2. Is it in the best interests of Larinore Corporation for this transfer to take place? Explain. Question 3: Financial data for Beaker Company for last year appear below: Beginning Balance Assets: Ending Balance $50,000 $70,000 Accounts receivable 20,000 25,000 Inventory 30,000 35,000 120,000 110,00 $220,000 $240,000 Beginning Balance Ending Balance Cash Plant and equipment (net) Total Assets Liabilities and owners' equity Accounts payable $70,000 $90,000 Longterm debt 250,000 250,000 Owners' equity (100,000) (100,000) Beaker Company Total liabilities and owners' equity $220,000 $240,000 Sales $414,000 Less operating expenses 351,900 Net operating income 62,100 Less interest and taxes: $30,000 10,000 40,000 $22,100 Income Statement Interest expense Tax expense Operating income Required: 1. Compute the company's margin, turnover, and return on investment for last year. Question 4: Outback Ltd. of Australia has two divisions, one in Perth and one in Darwin. Selected data on the two divisions follow: Sales Operating income Average operating assets Perth Darwin $9,000,000 $20,000,000 $630,000 $1,800,000 $3,000,000 $10,000,000 Required: 1. Compute the return on investment (ROI) for each division. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 16%. Compute the residual income for each division. 3. Is the Darwin Division's greater residual income an indication that it is better managed? Explain. Question 5: Maximum Efficiency Inc. is interested in cutting the amount of time between when a customer places an order and when the order is completed. For the first quarter of the year, the following data were reported: Inspection time 0.3 Process time 3.2 Wait time 12.0 Queue time 1.0 Move time 0.5 Required: 1. Compute the throughput time. 2. Compute the manufacturing cycle efficiency (MCE) for the quarter. 3. What percentage of the throughput time was spent on nonvalueadded activities? 4. Compute the delivery cycle time. 5. If by using lean production all queue time can be eliminated in production, what will be the new MCE