ch07 - Name Section Date#1 Chapter 7 Brief Exercises...

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257 Name Chapter 7 Brief Exercises Section Date #1 Product Period Cost Cost 1 Commission fees for salespersons 1 2 Glue for wooden chairs (variable) 2 3 Fabric for T-shirts 3 4 Labor costs fpr producing TVs 4 5 Factory rent expenses - fixed 5 6 Factory utility costs - variable 6 7 Car mileage for salespersons 7 8 Administrative expenses - fixed 8 9 Administrative internet connection fees 9 10 Wages - assembly line 10 11 11 12 #2 Product Period 12 13 Cost Cost 13 14 Commission fees for salespersons 14 15 Glue for wooden chairs (variable) 15 16 Fabric for T-shirts 16 17 Labor costs for producing TVs 17 18 Factory rent expenses - fixed 18 19 Factory utility costs - variable 19 20 Car mileage for salespersons 20 21 Administrative expenses - fixed 21 22 Administrative internet connection fees 22 23 Wages - assembly line 23 24 24 25 #3 Variable Costing 25 26 26 27 27 28 28 29 29 30 30 31 #4 Absorption Costing 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40
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257
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258 Name Chapter 7 Brief Exercises Contin Section Date #5 (a) Absorption Costing 1 2 3 4 5 6 Variable Costing 7 (b) 8 9 10 11 12 13 #6 14 RAFAEL CORPORATION 15 Income Statement - Variable Costing 16 For the Year Ended December 31, 2005 17 18 19 20 21 22 23 24 25 26 27 28 RAFAEL CORPORATION 29 Income Statement - Absorption Costing 30 For the Year Ended December 31, 2005 31 32 33 34 35 36 37 38 39 40 #7 (a)
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258
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258 nued 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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259 Name Chapter 7 Brief Exercises Contin Section Date #7 (b) 1 2 3 4 5 6 7 8 9 10 #8 11 Fixed overhead rate per unit: 12 13 Absorption costing net income 14 15 16 17 #9 Weighted 18 Unit Average 19 Contribution Sales Contribution 20 Model Margin Mix Margin 21 22 23 24 25 26 #10 27 Total breakeven sales in units: 28 29 30 Units of A12 31 Units of B22 32 Units of C124 33 34 #11 35 Weighted average contribution 36 margin ratio = 37 38 Total breakeven point in dollars = 39 40
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259 nued 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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259
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260 Name Chapter 7 Brief Exercises Conclu Section Date 1 Birthday 2 Standard tapered 3 Large scented 4 5 #12 Weighted 6 Average 7 Contribution Contribution 8 Margin Sales Margin 9 Ratio Mix Ratio 10 Bedroom division 11 Dining room division 12 13 14 #13 15 Degree of operating leverage (old) = 16 17 Degree of operating leverage (new) = 18 19 20 21 22 23 #14 Breakeven Point in Dollars 24 Finch Co. Sparrow Co. 25 26 27 28 29 30 31 32 33 #15 34 Delta Corp.: 35 36 37 Epsilon Co.: 38 39 40 #11 (Continued)
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260 uded 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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261 Name Exercises 7-1 and 7-2 Section Date Variable Costing Mfg Type of Cost Cost Per Unit 1 2 3 4 5 6 7 (b) 8 WU EQUIPMENT COMPANY 9 Income Statement - Variable Costing 10 For the Year Ended December 31, 2005 11 12 13 14 15 16 17 18 ASIAN WINDOWS COMPANY Income Statement - Absorption Costing For the Year Ended December 31, 2005 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 #1 (a) #2 (a)
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261
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261 2 (a) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
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261
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262 Name Exercises 7-2 (b) and Section Date ASIAN WINDOWS COMPANY Income Statement - Variable Costing For the Year Ended December 31, 2005 1 2 3 4 5 6 7 8 9 10 #3 (a) Unit Cost 1 2 3 4 5 (b) BOB'S COMPANY
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