exam 3 set A solution

# Exam 3 set A - Acct101 T3 Set A Solution Key with Penalties in brackets SFSU ID 1 10 John's Frozen Treats is a snow cone stand near the local park

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Acct101 T3 Set A Solution Key with Penalties in brackets: [ ]. SFSU ID#________________ 1) 10%. John’s Frozen Treats is a snow cone stand near the local park. To plan for the future, John wants to determine his cost behavior patterns. He has the following information available about his operating costs and the number of snow cones served. Month Number of snow cones Total operating costs January 7,200 \$4,700 February 7,800 \$4,800 March 6,400 \$4,600 April 6,600 \$4,500 May 7,700 \$5,100 June 7,250 \$5,000 a. [-4] The variable cost per snow cone using the hi-lo method. \$.1429 = (4800-4600)/(7800- 6400) b. [-4] Using hi-lo method, the fixed costs for a month? \$3,685 = \$4800 - \$0.1429 *7800 4. 20% PBA Co. manufactures bowling balls. The following data are available for last month. Beginning finished goods inventory 0 Goods manufactured 12,000 balls Ending finished goods inventory 2,000 balls Sales commissions \$3.00 per ball sold Fixed manufacturing overhead \$36,000 Fixed marketing expenses \$10,000

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## This note was uploaded on 04/25/2008 for the course ACCT 101 taught by Professor Kang during the Fall '08 term at S.F. State.

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Exam 3 set A - Acct101 T3 Set A Solution Key with Penalties in brackets SFSU ID 1 10 John's Frozen Treats is a snow cone stand near the local park

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