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Quiz 2- solution

# Quiz 2- solution - [ACCT3104 MANAGERIAL COSTING AND...

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[ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > ASSESSMENT > QUIZZES > REVIEW ASSESSMENT: QUIZ 1 12TH EDN Review Assessment: quiz 1 12th edn

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User Ai Yung Lau Submitted 8/27/08 11:55 PM Name quiz 1 12th edn Status Completed Score 23 out of 30 points Time Elapsed 0 hours, 50 minutes, and 19 seconds out of 1 hours and 5 minutes allowed. Instructions
Question 1 1 out of 1 points ________ translates an organization's mission and strategy into a comprehensive set of performance measures that provide the framework for implementing its strategy. Selected Answer: The balanced scorecard Question 2 1 out of 1 points Answer the following questions using the information below: Bugos Company makes a household appliance with model number XX300. The goal for 20X4 is to reduce direct materials usage per unit. No defective units are currently produced. Manufacturing conversion costs depend on production capacity defined in terms of XX300 units that can be produced. The industry market size for appliances increased 5% from 20X3 to 20X4. The following additional data are available for 20X3 and 20X4: 20X320X4 Units of XX300 produced and sold 10,000 10,500 Selling price \$100 \$95 Direct materials (square feet) 30,000 29,000 Direct material costs per square foot \$10 \$11 Manufacturing capacity for XX300 (units) 12,500 12,000 Total conversion costs \$250,000 \$240,000 Conversion costs per unit of capacity \$20 \$20 What is operating income for 20X4? Selected Answer: \$438,500 Question 3 1 out of 1 points Answer the following questions using the information below: Following a strategy of product differentiation, Lucas Company makes a high- end Appliance, AP15. Lucas Company presents the following data for the

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years 20X3 and 20X4: 20X320X4 Units of AP15 produced and sold 20,000 21,000 Selling price \$200 \$220 Direct materials (square feet) 60,000 61,500 Direct materials costs per square foot \$20 \$22 Manufacturing capacity in units of AP15 25,000 25,000 Total conversion costs \$1,000,000 \$1,100,000 Conversion costs per unit of capacity \$40 \$44 Selling and customer-service capacity (customers) 60 58 Total selling and customer-service costs \$360,000 \$362,500 Selling and customer-service capacity cost per customer \$6,000 \$6,250 Lucas Company produces no defective units but it wants to reduce direct materials usage per unit of AP15 in 20X4. Manufacturing conversion costs in each year depend on production capacity defined in terms of AP15 units that can be produced. Selling and customer-service costs depend on the number of customers that the customer and service functions are designed to support. Lucas Company has 46 customers in 20X3 and 50 customers in 20X4. The industry market size for high-end appliances increased 5% from 20X3 to 20X4. What is the change in operating income from 20X3 to 20X4?
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Quiz 2- solution - [ACCT3104 MANAGERIAL COSTING AND...

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