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2.

Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $260,000 and its net operating income was $17,000. If fixed expenses totaled $87,000 for the year, the break-even point in unit sales was:

Multiple Choice

• 13,000 units

• 13,850 units

• 10,875 units

• 7,800 units

3.

Assume the following information:

	Amount
Selling price	$ 30
Variable expense ratio	80%
Fixed expenses	$ 8,000	per month
Unit sales	3,400	per month

How many units need to be sold to achieve a target profit of $18,700

Multiple Choice

• 1,059 units

• 6,526 units

• 3,117 units

• 4,450 units

4.

Assume a companys estimated unit sales and required production for January are 25,950 units and 25,145 units, respectively. The company always maintains ending finished goods inventory equal to 10% of next months unit sales. What is the estimated unit sales in February?

Multiple Choice

• 17,900 units

• 18,381 units

• 16,381 units

• 15,900 units

  Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 26%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?

  Multiple Choice

• The break-even point is 8,958 units

• The total variable expenses = $52,000

• The total contribution margin = $148,000

• The total fixed expenses = $42,000

5.

Frolic Corporation has budgeted sales and production over the next quarter as follows:

	July			August		September
Sales in units	45,000			57,000		?
Production in units	45,700			57,300		61,650

The company has 5,000 units of product on hand at July 1. 10% of the next month's sales in units should be on hand at the end of each month. October sales are expected to be 76,500 units. Budgeted sales for September would be (in units):

Multiple Choice

• 69,000

• 67,350

• 60,000

• 69,300

6.

Assume the following information for one of a companys variable expenses:

• The amount of the expense in the planning budget is $9,000.
• The cost formula is $9.00 per hour.
• The actual level of activity is 900 hours.
• The spending variance is $260 unfavorable.

The actual amount of the expense must be:

Multiple Choice

• $8,360.

• $8,100.

• $8,560.

• $8,860.

7.

Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below:

	January	February	March
Budgeted production (in units)	70,400	?	82,000
Budgeted raw materials purchases (in pounds)	195,009	157,600	160,800

Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the following month's production needs. The company is expected to have 44,352 pounds of raw materials on hand on January 1. Budgeted production for February should be:

Multiple Choice

• 82,600 units

• 105,740 units

• 82,000 units

• 44,700 units

8.

Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations:

	Per Unit	Per Year
Selling price	$ 200
Direct materials	$ 70
Direct labor	$ 50
Variable manufacturing overhead	$ 8
Sales commission	$ 8
Fixed selling and administrative expense		$ 110,000
Fixed manufacturing overhead		$ 300,000

Using absorption costing, what is the net operating income for the second year of operations?

Multiple Choice

• $170,000

• $190,000

• $220,000

• $200,000