Please help. I have 30 mins to complete this exam!

2. Joe's Hockey Shack makes hockey sticks and sells them for for $105 each. It's average monthly sales are 1,000 sticks. Its variable cost to produce each stick is $35, and its total monthly fixed overhead is $55,000. It is considering dropping the price to $99, which it projects will increase sales by 400 sticks, increase direct labor for the last 100 units by $2 each due to employee overtime, and lastly increase fixed costs by $30,000 to hire an additional supervisor to oversee the increased demand. What is the amount of increase (decrease) in monthly profit if they decide to drop the price? ($10,60 0) ($5,400 ) $1,800 $9,400 3. A company suddenly hires an expert consultant at a fixed monthly cost to conduct periodic employee trainings on each piece of production equipment. This allows the employees to produce more finished units during each working hour. As a result, which standard cost variances would be MOST directed affected? Direct Labor Rate Variance and Direct Labor Efficiency Variance Direct Labor Efficiency Variance and Variable Overhead Efficiency Variance Direct Labor Efficiency Variance and Fixed Overhead Budget Variance Direct Labor Rate Variance and Fixed Overhead Budget Variance 4. When trying to maximize production efficiency, management would consider the step in the process that constrains how fast production can occur to be the: Bottleneck Throughput Master Constraint Margin of Error 5. Which of the following is true about responsibility accounting and performance reports? Planning is generally done for the entire organization in one report Participative budgeting usually creates the tightest standards Both controllable and non-controllable costs should be included Loose standards may ultimately hurt the company's competitive edge 6. Jamison Compounds processes raw material W into joint products X and Y. Raw material W costs $42 per pound. It costs $20 per unit to convert raw material W into products X and Y. Product Y can be sold immediately for $55 per unit or processed further into product Z at an additional cost of $21 per unit. Product Z can then be sold for $70 per unit. What is the net advantage (disadvantage) of processing product Y further into product Z? ($26,00 0) ($6,000 ) $15,00 0 $49,00 0 7. Which of the following would cause an increase in the break-even point for a company? A decrease in fixed costs. An increase in unit selling price. An increase in unit variable costs. An increase in contribution margin ratio. 8. Assume David's, a local tanning salon, has annual fixed costs are $100,000, and variable costs are 20 percent of sales revenue. Last year's revenues totaled $220,000. What was last year's margin of safety in sales dollars? $95,00 0 $125,0 00 $76,00 0 $375,0 00 9. 10. Sally Beauty Company normally sells 1,500 units of a single product at a selling price of $32 per unit. Variable expenses are $12 per unit and fixed expenses are $41,400. To plan next year's budget, Sally's break-even point is: 1,140 units 1,500 units 2,070 units 6,624 units 11. 12. If a company is operating at capacity, but has an opportunity to fill a one-time high volume special order, which of the following factors should the company also consider? Impact on its regular customers Long-term relationship potential with the special order customer Questions about competition between regular and special order customers All of these factors should be considered