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Acct. Answers to Review (exam 1)

Autor:   •  February 24, 2016  •  Essay  •  251 Words (2 Pages)  •  117 Views

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Acct. Answers to Review (Exam 1)

  1. A
  2. D
  3. A
  1. 500,000+800,000+450,000
  1. A
  1. COGM= 6,200+21,000-7,100+700+18,000+32,000-1,200= 69,600
  2. COGS=  COGM+ Beg. Finished- End Finished
  3. COGS=  69,600+3,300-2,700
  4. =70,200
  1. A
  1. 220,000 * (20,000/100,000)
  1. D
  2. A
  1. Fixed/CMR=30,000/.4
  2. CMR= 1-VCR
  3. CMR= 1-(.6)
  4. =40%
  1. C
  1. Unit CM/Price
  2. (35-21)/35
  3. 14/35
  4. 40%
  1. B
  2. C
  3. C
  4. B
  1. 1260+97,000-1040
  2. 97,220
  1. A
  2. A
  1. Slope= (11,400 – 10,200) / (610-510) =12
  2. 11,200 = Fixed + 12*610
  3. Fixed = 11,400 – (12*610)
  4. Fixed = 4080
  1. B
  1. (Fixed + Profit) / CMR
  2. = 150,000 / (540,000-378,000)/540,000)
  3. $500,000
  1. B.
  1. CM Standard = 150, Deluxe = 200, Superior = 1000
  2. CM Package = (150*8) + (200*4) + 1000 = 3000
  3. Packages = Fixed/CM Packaged = 300,000/3,000 = 100
  4. Standard Units = 100 *8
  5. = 800
  1. D
  2. C
  3. A
  1. Per Unit Product Cost = 30
  2. Gross Margin Percentage = 40%
  3. 1 – GMP = .6
  4. Per Unit Product Cost / .6
  5. = 30/.6
  6. =$50
  1. A

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