Quiz 2 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

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[ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > TAKE ASSESSMENT: QUIZ 1 12TH EDN Take Assessment: quiz 1 12th edn Name quiz 1 12th edn Instructions Timed Assessment This Test has a 1 hour and 5 minute timer.The elapsed time appears at the top right of the window. A 1 minute warning will be displayed. Multiple Attempts This Test allows 3 attempts. This is attempt number 1. Force Completion This Test must be completed now.
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Question Completion Status: 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 Question 1 1 points Save ________ translates an organization's mission and strategy into a
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comprehensive set of performance measures that provide the framework for implementing its strategy. The balance d scoreca rd Cost leaders hip Product ivity compo nent Product differe ntiation Question 2 1 points Save 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
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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? $438,5 00 $428,5 00 $997,5 00 $678,5 00 Question 3 1 points Save Answer the following questions using the information below:
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a high-end Appliance, AP15. Lucas Company presents the following data for the 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
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Quiz 2 - [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST...

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