Question
Please show all work for full credit. Before you answer any questions, figure out the parts to a Master Budget, Complete the Chapter 8 Standard
Please show all work for full credit.
Before you answer any questions, figure out the parts to a Master Budget, Complete the Chapter 8 Standard Costing Variance Analyses (all 8 variances), and complete the Chapter 9 Performance Measurement Allocations.
Next you will find information for the two sets of questions from Chapter 10 and the questions from Chapter 11. You will also want to have your time value of money tables available for some of the Chapter 11 questions (similar to Chapter 11 quiz -- figure Payback, NPV and IRR).
For the Chapter 10 questions part 1, calculate sales mix and all other data required to find the sales mix. For Chapter 10 part 2 determine whether the company should make or buy their materials, and calculate any other data required. For Chapter 11 calculate the capital budgeting and any other required data to find the answer.
Please show all work for full credit.
For Chapter 8 Standard Costing Variances Questions: 20.0 ft $ 16.00 foot = $ 320.00 Unit Standards: DM DL VOH 18.0 hours @ 324.00 18.0 hours @ $ 18.00 hour $ 8.00 hour $ 12.00 hour 144.00 FOH 18.0 hours @ 216.00 $ 1,004.00 Flexible Budget: @ 14,000 DM (70%) 280,000.0 ft 4,480,000.00 DL 252,000.0 hours 252,000.0 hours 252,000.0 hours VOH $ 16.00 foot @ $ 18.00 hour $ 8.00 hour @ $ 12.00 hour 4,536,000.00 2,016,000.00 3,024,000.00 FOH 16,000 (80%) 320,000.0 ft DM = 5,120,000.00 DL 288,000.0 hours 288,000.0 hours @ $ 16.00 foot @ $ 18.00 hour @ $ 8.00 hour VOH 5,184,000.00 2,304,000.00 3,024,000.00 FOH 18,000 (90%) 360,000.0 ft DM 5,760,000.00 324,000.0 hours @ $ 16.00 foot @ $ 18.00 hour @ $ 8.00 hour DL VOH 5,832,000.00 324,000.0 hours 2,592,000.00 3,024,000.00 FOH Actuals: @ 16,000 DM 336,000.0 ft @ $ 16.50 foot @ $17.50 hour $ DL 320,000.0 hours = 5,544,000.00 5,600,000.00 2,640,000.00 3,520,000.00 VOH FOH i) Planned operation was at 70% of the productive capacity of 20,000 units. ii) Prepare DM, DL, VOH and FOH variance analyses. For Chapter 9 Performance Measurement (Allocations) Questions: Suppose a company has three profit centers with the following information: Division D sq. feet occupied total sales headcount 20,400 408,000 28 Division E sq. feet occupied total sales headcount 24,400 468,000 14 Division F sq. feet occupied total sales headcount 35,200 324,000 28 Corporate costs are allocated to the divisions as follows: Headquarters Rent Expense is allocated based on square feet occupied Corporate Marketing Expense is allocated based on sales Human Resources Expense is allocated based on headcount Allocate the following costs according to the conventions shown above. Round percentages to the nearest tenth of a percent (for example, 33.5%) and round answers to the nearest whole dollar. Headquarters Rent Expense Corporate Marketing Expense Human Resources Expense 350,000 420,000 290,000 Finally, figure total amount allocated to each division. For Chapter 10 (Relevant Costing - Sales Mix) Questions: Sales Price/unit Direct Material/unit Direct Labor/unit Variable OH/unit Product Q 22.00 7.50 4.20 4.30 Product R 20.00 6.70 5.30 4.00 MH/unit 2.00 1.00 For Chapter 10 (Relevant Costing - Make vs. Buy) Questions: unit 7.70 6.30 Historical Costs DM DL OH selling expense admin expense total expense 10.00 6.00 2.60 32.60 Q 30,000 231,000 189,000 300,000 180,000 78,000 978,000 Assume OH is 75% variable and 25% fixed Assume Selling Expense is 2/3 variable and 1/3 fixed Assume Admin Expense if 50% variable and 50% fixed For Chapter 11 (Capital Budgeting) Questions: Assume initial investment is $100,000 for all three projects: Project Y Project 2 Project X Year Cash Flows Cash Flows Cash Flows 1 30,000 30,000 10,000 2 30,000 20,000 3 40,000 20,000 30,000 20,000 20,000 20,000 4 10,000 30,000 5 10,000 40,000 Also assume that cost of capital is 6.0% for all three projectsStep by Step Solution
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