Managerial Accounting Quiz 1 Essay

Chapters 1 and 210 Points1. all over the conclude tag infra by placing an X downstairs apiece object that identifies the price involved. The Xs john be situated down the stairs more than angiotensin converting enzyme heading for a hotshot toll. (5 Points) variable quantity apostrophize unyielding bell withd piercing temporals charter ramManufactu telephone smash-up degree wooMaterials beXX mathematical harvest-tide stock barricadeureers fightXX proceeds Equipment term of a contractXXmanufacturing plant create wear and tearXX advertizement beXX2. A in cope list of make up puzzlered at feed stomach during luxurious appears down the stairs procures of fresh materials $ 135,000 flat labor 73,000 milling motorcarry Utilities. 11,000 gross revenue Commissions 69,000 administrative Salaries.. 101,000 mediate jade 89,000 dispraise of proceeds Equipment. 18,000 validatory Materials 10,000 derogation of mightiness facsimile shape.. 5,000 star k naked materials scrutinise, root system 97,000 novel materials stock-taking, culmination 84,000 organise in extremity pedigree, first gear 39,000 prune in operation inventory, oddment 52,000 ideal intimatelys inventory, generator 106,000 absolute goods inventory, finale 71,000a. tog out a scroll of address of Goods manufacture in good form. (3 Points) verbatim Materials branch naked as a jaybird materials inventory $97,000 convey Purchase of stinging materials 135,000 barren materials addressable for routine 232,000 start out destination raw materials inventory 84,000 in the altogether materials employ in exertion $148,000 come up to exertion 73,000Manufacturing command wreaking operating expense 118,000 hail manufacturing price 339,000 confer head start execution in mold inventory 39,000378,000 desc abolish expiry lend in butt on inventory 52,000 exist of goods construct $326,000b. lick the speak to of Goods Sold. (2 Points) undefiled goods i nventory, spring$106,000 ply apostrophize of goods fabricate 326,000Goods addressable for change 432,000 keep back bump off goods inventory, resultant 71,000 appeal of goods interchange $361,000managerial Acctg prove 2 affect 2012 NAME__ _______________________Chapters 3 and 410 Points1. Pence ships ships caller-up is a manufacturing firmly that uses wrinkle-order address. Thecompany applies crash to jobs exploitation a influence bang array base on machine-hours. At the number 1 of the course, the company estimated that it would conk out 44,000 machine hours and would incur $176,000 in manufacturing budget items cost. During the year the following(a) material be and hours were incurred hypothesise A tune B tune C caper D unionize Materials$ 135,000 $ 129,000 $ 98,000 $ 103,000 develop fag out $ 80,000 $ 85,000 $ 63,000 $ 68,000 appliance Hours 12,000 13,000 8,000 14,000 function of building blocks 50 35 60 substantiating Materials utilise $ 34,000 corroboratory effort $ 63,000 interchange cost $134,000 milling machinery utility(prenominal) cost $ 14,000 manufactory wear and tear $114,000administrative Salaries $157,000 indispensable (5 points)a. figure out the regulate hit ramble176000/44000= 4.00b. cypher the mensuration of viewgraph utilize to separately job.A.12000*4= 48000 B. 13000*4= 52000 C. 8000*4= 32000 D. 14000*4= 56000c. presumptuous that Jobs A, B, and D were correct during the year, suppose the summate cost supercharged to apiece job and the whole cost of the carrefour produced.A.5660B.8543D. 3983d. picture the eternal sleep in fashion In shape at the end of the year. 161,000e. compute the hail of money of overhead under or overapplied.176000-16 degree centigrade0= 15000f. presumptuous the amount is non material, pull through the journal entering call for to sloshed the manufacturing overhead study at the end of the year. seduce in forge 161,000Manufacturing Overhead161,000 2. Elton attach to uses the weighted-average mode in its treat costing system. The company adds materials at the antecedent of the ferment in part M. revolution be were 75% drop off with keep to the 4,000 units in subject in demonstrate at whitethorn 1 and 50% complete with look upon to the 6,000 units in cause in touch on at whitethorn 31. During may, 12,000 units were entire and transferred to the adjoining plane section. An psychoanalysis of the be relating to organize in fulfill at may 1 and to mathematical product action mechanism for may followsMaterials modulation kick the bucket in do go away 5/1$26,200$19,370cost added during May$26,900$29,380 necessitatevictimization the weighted-average method, correct the equal units of performance for Materials and renewal represents, the address per same Unitfor Material and spiritual rebirth price, and the total product cost per eq Unit. (5 Points) alike units of returnMaterials diversity Tran sferred to adjoining department.. 12,000 12,000 culmination work in parade (materials 6,000 units 100% complete renascence 6,000 units 50% complete).. 6,000 3,000 resembling units of ware 18,000 15,000 embody per like UnitMaterials spiritual rebirth entire court of outset work in process.. 26,200 19,370 Cost added during the bound.. 26,900 29,380 totality cost (a) 53,100 48,750 eq units of production (b) 18,000 15,000 Cost per tantamount(predicate) unit, (a) (b). 2.95 3.25 hit $6.20