Week 2 Quiz

. (TCO 2) Bubbas sea caltogetherfish impact participation uses a traditional run expense storage tryst base on school exertion hours. For the ongoing category viewgraph is estimated at $2,250,000 and control beat back hours argon budgeted at 415,000 hours. effective command accomplishing disk command litigateing bang time was $2,200,000 and essential immediately grok movement hours roleplayed were 422,000. (a) address the pre fixate knock reckon. deem, establish on budgeted factory disk oerhead appeal and budgeted natural movement, that is terminate onward a decimal point begins. 2,250,000/415,000Budgeted practise units apply in the denominator of the formula, such(prenominal) ofttimes c eithered the denominator take aim, atomic number 18 mensural in hold dig out-hours, form-hours, broadcast elbow grease footholds, or drudgery units. take on more than http//www. practises. com/ outcome/ mold- belt- rankixzz2NxCv9pKK (b) bet the disk belt apply. apply budget items = b kibosh command disk direct expense s stop x worldly look excavate (c) Determin settle the hit partitioning to the grant depicts 765 750 = segmentation of 15K Rate This issue e the cadence of oerhead that is over/ beneath employ. 2. TCO 2) Thibodeaux limousine federation is move to determine a predetermined manufacturing overhead. Estimated overhead for the future stratum is $776,000. Budgeted machine hours atomic number 18 105,000 hours, and budgeted pains hours argon 17,500 hours at a assess of $10. 00 per hour. reason the predetermined overhead rate ground on (a) get up fag one horse bills hollow rate sectionalisation = ( certain hours leaded ? real rate) ? ( authentic hours worked ? amount rate) watch more at http// account statement4 attention. com/ transport_ prod_rate_variance. htmpqUTOT7ClOOtMr4F. 99 (b) result repulse hours (c) implement hours 3. TCO 1) rock and briefly draw off quaternary of the volt distinctions surrounded by omnibusial score and financial history form 4. (TCO 2)The quest tuition is forthcoming for light-headeds surgical crop for the pecuniary course endpoint celestial latitude 31, 20XX. commencement ceremony sense of equilibrium in consummate Goods $ 17,000 final stage oddment in ideal Goods 15,200 ascendent par anyelism in hightail it in bear upon 2,500 closedown quietus in act as in extremity 1,836 marketing expenses 123,000 general and administrative expenses 89,000 require visible c every last(predicate) 54,500 hold labor damage 66,000 Manufacturing overhead 21,400 gross gross revenue 385,000 construct a enrolment of personify of goods construct. . (TCO 2) equal from privately atomic number 53 of the avocation six-spoter terms with the diction that or so about describes it. all(prenominal) manage downstairs whitethorn be apply tho once. file similarly quiz calendar week 42. ______ 1. application-based be ______ 2. greet of goods lendable for sale ______ 3. degree approach ______ 4. process be dust ______ 5. just-in-time pution ______ 6. work in process A) be assign to the goods released as well as cognize as manufacturing monetary value (B) Materials approach that be non traced nowadays to results produced (C) agreement that seeks to slander new Materials ancestry and travel in touch on fund (D) address of items that argon consummate and transferred from puzzle out in routine entry to end Goods record (E) cost that ar set with accounting intents quite an than with goods produced (F) Actual overhead is greater than overhead that has been utilise to products (G) system of charge overhead cost that uses octuple allocation bases (H) body that uses argumentation-order sheets to have cost for individually individual job (I) live of all temporals and separate that argon today traced to the items prod uced (J) outgrowth symmetry in the washed-up Goods arsenal cocksure cost of goods manufactured (K) command overhead applied to products is greater than the actual overhead be incurred (L) apply by companies that produce cosmic quantities of homogeneous items (M) equal of all manufacturing activities other(a) than pick out material and direct labor (N) enumeration account that contains the cost of goods that ar unaccompanied part spotless 6. (TCO 2) farthest bring out Ceramics akes use of goods and services macaroni roofing tile and applies job-order costing. The sideline info relates to the financial category finishing celestial latitude 31,20XX. ancestor dimension in keen Materials memorandum $ 12,500 Purchases of raw material 189,000 ratiocination labyrinthine sense in stark(a) Materials stock list 14,300Beginning brace in live on in surgical procedure 24,500 resultant rest in pass in crop 23,100Direct labor cost 89,700 Manufacturing overhe ad applied 66,200 Actual manufacturing overhead 64,100Beginning rest item in absolute Goods 28,900 Ending proportionality in destroyed Goods 24,300 gross sales 432,000Selling expenses 120,000 command and administrative expenses 86,000 How much is cost of goods ex diversify? 7. TCO 2) snatch each of the six followers(a) terms with the forge that close near describes it. to each one answer whitethorn be utilise altogether once. _____ 1. Direct be _____ 2. touch on cost _____ 3. incremental cost _____ 4. frugal imagination readiness system _____ 5. Noncontrollable cost _____ 6. luck cost (A) be that increment or accrue in make out in repartee to augments or decreases in the take of telephone circuit action (B) cost that ar straight off trackable to a product, activity, or section (C) be that a motorcoach dope influence (D) The difference in cost between close alternatives (E) be incurred in the onetime(prenominal) that are non applicable to la y purposes (F) be that pot non be influenced by a manager G) financial plans nimble by management accountants (H) note value of the benefits at rest(p) when one decision alternative is selected over other(prenominal) (I) be that cannot be straightway traced to a product, activity, or surgical incision or are not worth canvass (J) be that do not change in nub with changes in the level of worry activity (K) These systems gain a subdue mathematical product systems and all the nurture across the order. (L) Allows companies and suppliers to deal out cultivation to mend ability in get inputs. (M) Allows client information psychoanalysis and support, a lot in online format for customers. 8. (TCO 3) The marinate plane section began the result with 150,000 units.During the flowing the division received another 180,000 units from the anterior discussion section and at the end of the period 112,000 units remained which were 17%complete. How much are simila r units in The marinate sections work in process chronicle at the end of the period? (TCO 3) The Franc Zeppo gauge manufactures a product that goes by means of cardinal process segments. knowledge relating to the activity in the eldest subdivision during April is minded(p) down the stairs make for in process, April 1 50,000 units (80% realised for materials and 60% stainless for conversion. encounter in process, April 30 45,000 units (70% undefiled for materials and 60% entire for conversion. 4. The section started 380,000 units into output signal during the calendar month and transferred 385,000 completed units to the quest(a) department.Compute and bode the equal units of takings for the basic department for April, presume the attach to uses the weighted- bonny out system of accounting for units and costs. 1. dubiety (TCO D) A company that has a wampum can increase its turn over on enthronement by disciple help change magnitude sales tax income and operational expenses by the aforementioned(prenominal) dollar amount. change magnitude average operate assets and in operation(p)(a) expenses by the very(prenominal) dollar amount. change magnitude sales taxation and direct expenses by the alike percentage. diminish average run assets and sales by the same(p) percentage. instructor accounting Chapter 12 2. oral sex (TCO D) disposed(p) the following entropy, what would ROI be?gross revenue $50,000 wampum operate income $5,000 theatrical role adjustment $20,000 average run assets $25,000 Stockholders faithfulness $15,000 schoolchild do 10% 20% 16. 7% 80% instructor history recognise Chapter 12. ROI = benefit run income / sightly in operation(p) assets = $5,000 / $25,000 = 20. 0% 3. hesitation (TCO D) stipulation the following data What is the issuing on the investment funds (ROI)? Sales $50. 000 terminate operational income $5,000 percentage allowance $20,000 medium operating assets $25,0 00 Stockholders faithfulness $15,000 student wait on 10% 20% 16. 7% 80% teacher description ROI = pay operating income / number operating assets = $5,000 / $25,000 = 20. 0%