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Ok, 2.00 each. I would like these done within the next day. then I have 45 more for you. let me know how long you
Ok, 2.00 each. I would like these done within the next day. then I have 45 more for you. let me know how long you would need to do 45, I can send you some example questions from the other chapters but will need to get the 45 doneby Sunday night.
1. TB MC Qu. 11-51 Blaster, Inc., manufactures portable radios. Each... Blaster, Inc., manufactures portable radios. Each radio requires 3 units of Part XBEZ52, which has a standard cost of $1.60 per unit. During May, the company purchased 16,560 units of the part for a total of $27,324. Also during May, the company manufactured 3,920 radios, using 13,360 units of part XBEZ52. The direct materials purchases variance is computed when the materials are purchased. During May, the materials price variance for part XBEZ52 was: $678 U $678 F $828 F $828 U 2. TB MC Qu. 11-47 Degregorio Corporation makes a product... Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity 3.3 kilos per unit Standard price $9 per kilo The company produced 7,200 units in November using 24,190 kilos of the material. During the month, the company purchased 26,320 kilos of the direct material at a total cost of $231,616. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for November is: $3,870 F $3,776 F $3,870 U $3,776 U 3. TB MC Qu. 11-26 A quantity of a particular raw material was... A quantity of a particular raw material was purchased for $62,634. The standard cost of the material was $2.00 per kilogram and there was an unfavorable materials price variance of $3,900. How many kilograms were purchased? 29,367 30,992 32,617 34,242 4. TB MC Qu. 11-106 Gilder Corporation makes a product... Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.80 grams $12.00 per gram $81.60 Direct labor 0.10 hours $18.00 per hour $ 1.80 Variable overhead 0.10 hours $ 5.00 per hour $ 0.50 The company reported the following results concerning this product in June: Originally budgeted output Actual output 3,800 units 4,020 units Raw materials used in production 25,624 grams Purchases of raw materials 28,924 grams Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 380 hours $338,410 $6,540 $808 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is: $396 F $368 U $368 F $220 U 5. TB MC Qu. 11-142 Midgley Corporation makes a product whose... Midgley Corporation makes a product whose direct labor standards are 1.6 hours per unit and $17.00 per hour. In April, the company produced 5,700 units using 8,840 direct labor-hours. The actual direct labor cost was $144,090. The labor efficiency variance for April is: $4,760 U $4,760 F $4,679 F $4,788 U 6. TB MC Qu. 11-32 Krizum Industries makes heavy construction... Krizum Industries makes heavy construction equipment. The standard for a particular crane calls for 15 direct labor-hours at $25 per direct labor-hour. During a recent period 1,030, cranes were made. The labor rate variance was zero and the labor efficiency variance was $22,000 unfavorable. How many actual direct labor-hours were worked? 15,230 15,450 16,330 30,580 7. TB MC Qu. 11-150 Novelli Corporation makes a product whose variable... Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.7 hours per unit. The variable overhead rate standard is $7.50 per hour. In September, the company produced 1,800 units using 1,250 direct labor-hours. The actual variable overhead rate was $8.10 per hour. The variable overhead efficiency variance for September is: $81 U $75 U $81 F $75 F 8. TB MC Qu. 11-37 Sholette Manufacturing Corporation has... Sholette Manufacturing Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $4.00 per MH. During the month, the actual total variable manufacturing overhead was $20,900 and the actual level of activity for the period was 5,500 MHs. What was the variable overhead rate variance for the month? $275 Favorable $275 Unfavorable $1,100 Unfavorable $1,100 Favorable 9. TB MC Qu. 11-165 The Maxwell Corporation has a standard costing... The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: Actual variable manufacturing overhead cost incurred: $34,650 Actual machine-hours worked: 1,550 hours Variable overhead rate variance: $5,200 Unfavorable Total variable overhead spending variance: $9,380 Unfavorable The standard number of machine-hours allowed for July production is: 1,330 hours 1,430 hours 1,530 hours 2,100 hours 1. TB MC Qu. 12-56 Aguilera Industries is a division of a major... Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 18,150,000 Net operating income $ 1,125,300 Average operating assets $ 4,900,000 The division's margin is closest to: 23.0% 24.2% 30.4% 6.2% 2. TB MC Qu. 12-62 The Portland Division's operating... The Portland Division's operating data for the past two years is as follows: Year 1 Return on investment Year 2 10 % Net operating income $ 21 % ? $ 430,500 Turnover ? 2 Margin ? ? $ 2,040,000 ? Sales The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The average operating assets for Year 2 were: $1,600,000 $1,250,000 $2,050,000 $1,650,000 3. TB MC Qu. 12-59 The Portland Division's operating... The Portland Division's operating data for the past two years is as follows: Year 1 Return on investment Net operating income Year 2 7 % 18 % ? $ 189,000 Turnover ? 2 Margin ? ? $ 1,620,000 ? Sales $ The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: $145,800 $97,200 $167,667 $109,000 References Multiple Choice 4. TB MC Qu. 12-75 Cabal Products is a division of a major corporation. Cabal Products is a division of a major corporation. Last year the division had total sales of $18,096,000, net operating income of $825,760, and average operating assets of $5,200,000. The company's minimum required rate of return is 15%. The division's margin is closest to: 4.6% 44.4% 15.9% 38.6% 5. TB MC Qu. 12-76 Cabal Products is a division of a major corporation. Cabal Products is a division of a major corporation. Last year the division had total sales of $8,790,000, net operating income of $428,400, and average operating assets of $3,000,000. The company's minimum required rate of return is 14%. The division's turnover is closest to: 2.61 17.66 .57 2.93 6. TB MC Qu. 12-49 Fruchter Corporation keeps careful track ... Fruchter Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Hours Move time 24.9 Wait time 2.6 Queue time 0.5 Process time 2.2 Inspection time 11.5 The throughput time was: rev: 08_01_2016_QC_CS-56553 36.4 hours 39.1 hours 5.3 hours 41.7 hours 7. TB MC Qu. 12-97 The following data pertain to operations... The following data pertain to operations at Quick Incorporated: Throughput time 4.0 hours Delivery cycle time 8.0 hours Process time 1.0 hour Queue time 2.0 hours The wait time for this operation would be: 4.0 hours 2.0 hours 8.0 hours cannot be determined from information provided 8. TB MC Qu. 12-99 The following data pertain to operations... The following data pertain to operations at Quick Incorporated: Throughput time Delivery cycle time 6.8 hours 13.6 hours Process time 1.7 hour Queue time 3.4 hours The manufacturing cycle efficiency (MCE) for this operation would be: 50.0% 75.0% 25.0% 12.5% 9. TB MC Qu. 12-98 The following data pertain to operations... The following data pertain to operations at Quick Incorporated: Throughput time Delivery cycle time Process time Queue time 6.8 hours 13.6 hours 2 hour 3.4 hours The combined inspection and move time for this operation would be: 6.8 hours 1.7 hour 3.4 hours cannot be determined from information provided 10. TB Problem Qu. 12-104 Gaal Industries is a division of a major... Gaal Industries is a division of a major corporation. Last year the division had total sales of $35,394,200, net operating income of $4,141,121, and average operating assets of $9,566,000. The company's minimum required rate of return is 13%. Required: a. What is the division's margin? (Round your answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? ( 1. TB MC Qu. 12-56 Aguilera Industries is a division of a major... Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 18,150,000 Net operating $ 1,125,300 income Average operating $ 4,900,000 assets The division's margin is closest to: 23.0% 24.2% 30.4% 6.2% Workings Division's margin = Net Operating Income / Sales * 100% = 1,125,300 / 18,150,000 * 100% = 6.2% 2. TB MC Qu. 12-62 The Portland Division's operating... The Portland Division's operating data for the past two years is as follows: Year 1 Return on investment Net operating income Turnover Margin Sales Year 2 10 % 21 % $ ? $ 430,500 ? ? $ 2,040,000 2 ? ? The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The average operating assets for Year 2 were: $1,600,000 $1,250,000 $2,050,000 $1,650,000 Workings Return on Investment = Net Operating Income / Operating Assets. Therefore, rearranging the formular: Year 2 Operating Assets = Year 2 Net Operating Income / Year 2 Return on Investment = $435,000 / 21% = $2,050,000 3. TB MC Qu. 12-59 The Portland Division's operating... The Portland Division's operating data for the past two years is as follows: Year 1 Year 2 Return % on 7 18 % investm ent Net $ operatin 189,0 ? $ g 00 income Turnover ? 2 Margin ? ? $ 1,620,0 Sales ? 00 The Portland Division's margin in Year 2 was 150% of the margin for Year 1. The net operating income for Year 1 was: $145,800 $97,200 $167,667 $109,000 Workings Net Operating Income = Sales = Operating Assets * Turnover Year 2 Operating Assets = Year 2 Net Operating Income / Year 2 Return on Investment = $189,000 / 18% = $1,050,000 Therefore, Year 2 Sales = $1,050,000 * 2 = $2,100,000 Year 2 Margin = $189,000 / $2,100,000 = 9% Given that Year Margin was 150% of Year 1 Margin, Year 1 Margin = 9% / 150% = 6% Net Operating Income = Margin * Sales = 6% * 1,620,000 = $97,200 Multiple Choice 4. TB MC Qu. 12-75 Cabal Products is a division of a major corporation. Cabal Products is a division of a major corporation. Last year the division had total sales of $18,096,000, net operating income of $825,760, and average operating assets of $5,200,000. The company's minimum required rate of return is 15%. The division's margin is closest to: 4.6% 44.4% 15.9% 38.6% Workings Margin = Net Operating Income / Sales * 100% = $825,760 / $18,096,000 * 100% = 4.6% 5. TB MC Qu. 12-76 Cabal Products is a division of a major corporation. Cabal Products is a division of a major corporation. Last year the division had total sales of $8,790,000, net operating income of $428,400, and average operating assets of $3,000,000. The company's minimum required rate of return is 14%. The division's turnover is closest to: 2.61 17.66 .57 2.93 Workings Turnover = Sales / Average Operating Assets = 8,790,000 / 3,000,000 = 2.93 6. TB MC Qu. 12-49 Fruchter Corporation keeps careful track ... Fruchter Corporation keeps careful track of the time required to fill orders. The times recorded for a particular order appear below: Move time Hours 24.9 Wait time Queue time Process time Inspection time 2.6 0.5 2.2 11.5 The throughput time was: rev: 08_01_2016_QC_CS-56553 36.4 hours 39.1 hours 5.3 hours 41.7 hours Workings Throughput time = Process Time + Inspection Time + Move Time + Queue Time = 2.2 + 11.5 + 24.9 + 0.5 = 39.1 hours 7. TB MC Qu. 12-97 The following data pertain to operations... The following data pertain to operations at Quick Incorporated: Throughput time Delivery cycle time Process time Queue time 4.0 8.0 hours hours 1.0 hour 2.0 hours The wait time for this operation would be: 4.0 hours 2.0 hours 8.0 hours cannot be determined from information provided Workings Delivery Cycle Time = Wait Time + Throughput time Therefore, Wait Time = Delivery Cycle Time - Throughput Time =8-4 = 4 hours 8. TB MC Qu. 12-99 The following data pertain to operations... The following data pertain to operations at Quick Incorporated: Throughput time Delivery cycle time Process time Queue time 6.8 13.6 1.7 hours hours hour 3.4 hours The manufacturing cycle efficiency (MCE) for this operation would be: 50.0% 75.0% 25.0% 12.5% Workings MCE = Process Time / Throughput Time * 100% = 1.7 / 6.8 * 100 = 25% 9. TB MC Qu. 12-98 The following data pertain to operations... The following data pertain to operations at Quick Incorporated: Throughput time Delivery cycle time Process time Queue time 6.8 13.6 2 hours hours hour 3.4 hours The combined inspection and move time for this operation would be: 6.8 hours 1.7 hour 3.4 hours cannot be determined from information provided Workings Throughput Time = Process Time + (Inspection Time + Move Time) + Queue Time Therefore, Combined (Inspection Time + Move Time) = Throughput Time - Process Time - Queue Time Combined (Inspection Time + Move Time) = 6.8 - 2 - 3.4 = 1.4 hours Please check the multiple choice answers. Based on the workings, the answer does not match with any options 10. TB Problem Qu. 12-104 Gaal Industries is a division of a major... Gaal Industries is a division of a major corporation. Last year the division had total sales of $35,394,200, net operating income of $4,141,121, and average operating assets of $9,566,000. The company's minimum required rate of return is 13%. Required: a. What is the division's margin? (Round your answer to 2 decimal places.) $4,141,121 / $35,394,200 * 100% = 11.70% b. What is the division's turnover? (Round your answer to 2 decimal places.) $35,394,200 / $9,566,000 = 3.70 c. What is the division's return on investment (ROI)? ( $4,141,121 / $9,566,000 * 100% = 43.23%Step by Step Solution
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