Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
http://onlinehomework.guru/acct321-costaccounting/
ACCT321 COST ACCOUNTING
COST ACCOUNTING
NOTE: Be sure to show all your detailed calculations. This has the possibility of partial credit
for the exercises. There isnt any partial credit for the questions.
I. Questions
1.
1.
2. Which type of management decision involves the cost volume profit analysis?
1.
3. What type(s) of cost are included under conversion cost and prime cost?
1.
1.
4. Provide two examples of committed fixed cost and two examples of discretionary
fixed cost.
5. Define segment reporting and provide two examples of segments.
II. Exercises
Revenue
$450,00
0
20,000
156,000
18,000
21,000
42,000
overhead)
38,000
62,000
40,000
45,000
Operating costs
150,000
Required:
1) What is Leslie's cost of goods cost of goods manufactured?
2) What is Leslie's cost of goods sold?
3) What is Leslies gross profit (or gross margin)?
2. The following information is provided for Samsonite Manufacturing Company for 2015:
Ending finished goods, 12/31/15
$5,500,000
Raw material purchases during 2015
$ 650,000
Accounts payable 1/31/15
$1,810,000
Beginning raw materials inventory 1/1/15 $ 725,000
Cost of goods manufactured
$3,250,000
Cost of goods sold
$2,750,000
Ending raw materials inventory 1/31/15
500,000
Required:
Determine the beginning finished good at 1/1/15?
3. The Holiday Card Company, a producer of specialty cards, has asked you to complete their
breakeven point (number of cards) based upon the following information:
Income tax rate
30%
Selling price per unit $6.60
Variable cost per unit $5.28
Total fixed costs $46,200.00
Required:
How many cards must be sold to earn an after-tax net income of $18,480?
4. Given the following information determine the unit variable cost:
5. A company has annual fixed cost of $20,000 which is not affected by different volumes of
units sold. Variable cost per unit is $10. The company estimates that its product demand
under different level of demand amounts in units is as follows at various unit selling prices:
Choice
Demand in units
18,000
$11
15,000
$12
11,000
$13
8,000
$14
Units made
1,200
Units sold
950
$ 45
$ 30
$ 25
$ 25,000
400
$200