Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer them all or let someone else do it. Much appreciated Cameroon Corp. manufactures and sells electric staplers for $15.20 each. If 10,000 units

Please answer them all or let someone else do it. Much appreciated

Cameroon Corp. manufactures and sells electric staplers for $15.20 each. If 10,000 units were sold in December, and management forecasts 3.2% growth in sales each month, the number of electric stapler sales budgeted for March should be:

10,320

10,991

10,000

10,920

10,650

==================================

A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $360,000, and the following quantities of product and sales revenues were produced.

Product Pounds Price per Pound
Feed 170,000 $1.60
Flour 57,000 2.90
Starch 27,000 8.00

How much of the $360,000 cost should be allocated to feed? (Round your intermediate percentage to the nearest whole percent.)

$272,000.

$151,200.

$360,000.

$0.

$226,666.

=========================================

Fallow Corporation has two separate profit centers. The following information is available for the most recent year:

West Division East Division
Sales (net) $440,000 $590,000
Salary expense 50,000 64,000
Cost of goods sold 152,000 271,000

The West Division occupies 11,000 square feet in the plant. The East Division occupies 6,600 square feet. Rent, which was $ 88,000 for the year, is an indirect expense and is allocated based on square footage. Compute operating income for the West Division.

$222,000.

$166,000.

$183,000.

$168,000.

$167,000.

================================================

Summerlin Company budgeted 5,400 pounds of material costing $6.00 per pound to produce 2,100 units. The company actually used 5,900 pounds that cost $6.10 per pound to produce 2,100 units. What is the direct materials price variance?

$3,000 unfavorable.

$540 unfavorable.

$590 unfavorable.

$3,050 unfavorable.

$3,590 unfavorable.

==========================================

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials price variance is:

Direct materials standard (7 kg. @ $2.40/kg.) $16.80 per finished unit
Actual cost of materials purchased $402,500
Actual direct materials purchased and used 158,000 kg.

$23,300 unfavorable.

$40,800 favorable.

$23,300 favorable.

$17,500 unfavorable.

$40,800 unfavorable.

=============================================

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Coffee Plus Math Equal To Audit

Authors: Marina Peters

1st Edition

B08BDSDFR6, 979-8654153418

More Books

Students also viewed these Accounting questions