ACCT 505 Managerial Accounting Entire Course

More documents

Recommendations

Info

4. TCO F) Walker Corporation is preparing its cash budget for November. The budgeted beginning cash balance is $43,000. Budgeted cash receipts total $117,000 and budgeted cash disbursements total $122,000. The desired ending cash balance is $55,000. The company can borrow up to $100,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company’s cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance (Points : 25) 6. (TCO H) Lindon Company uses 7,500 units of Part Y each year as a component in the assembly of one of its products. The company is presently producing Part Y internally at a total cost of $119,000 as follows. Direct materials $26,000 Direct labor 28,000 Variable manufacturing overhead 20,000 Fixed manufacturing overhead 45,000 Total costs $119,000 An outside supplier has offered to provide Part Y at a price of $12 per unit. If Lindon stops producing the part internally, one third of the fixed manufacturing overhead would be eliminated. Required: Prepare a make-or-buy analysis showing the annual advantage or disadvantage of accepting the outside supplier’s offer. Please state clearly whether the part should be made or bought and share your work. (Points : 30) 7. TCO B) Sandler Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below. Estimated machine hours 75,000
Estimated variable manufacturing overhead $4.50 per machine hour Estimated total fixed manufacturing overhead $825,000 The actual machine hours for the year turned out to be 77,000. Required: Compute the company’s predetermined overhead rate. (Points : 25) ( ACCT 505 Final Exam Set 2 ) 1. (TCO C) Silver City, Inc., has collected the following operating information below for its current month’s activity. Using this information, prepare a flexible budget analysis to determine how well Silver City performed in terms of cost control. Actual Costs Incurred Static Budget Activity level (in units) 5,250 5,178 Variable Costs: Indirect materials $24,182 $23,476 Utilities $22,356 $22,674 Fixed Costs: Administration $63,450 $65,500 Rent $65,317 $63,904 2. (TCO D) Globe Co. manufactures automatic door openers. The company uses 15,000 electronic hinges per year as a component in the assembly of the openers. You have been engaged by Globe to assist with an evaluation of whether the company should continue producing the hinges or purchase them from an outside vendor. The Accounting Department provided the following detail regarding the annual cost to produce electronic hinges: Direct materials $54,000 Direct labor 60,000 Variable manufacturing overhead 36,000 Fixed manufacturing overhead 90,000 Total costs
Page 1 and 2: ACCT 505 Managerial Accounting Enti
Page 3 and 4: Go to pages 170 and 171 and read Ca
Page 5 and 6: taxes on a company’s factory buil
Page 7 and 8: equals (Points : 6) sales - expense
Page 9 and 10: Fixed selling and admin $200,000 Re
Page 11 and 12: Devry ACCT 505 Week 6 Quiz latest 2
Page 13 and 14: Selling and Administrative $270,075
Page 15 and 16: life of the machinery. The producti
Page 17: Add cost of goods manufactured 54,0
Page 21 and 22: Sales 1,150 Raw materials inventory
Page 23: 2. (TCO F) Memphis Corporation is p

ACCT 505 Managerial Accounting Entire Course

Create successful ePaper yourself

Delete template?

Save as template?