Quiz 11-solution

Quiz 11-solution - [ACCT3104 MANAGERIAL COSTING AND CONTROL(ST LUCIA AND IPSWICH SEMESTER 2 2008(ACCT3104S_5860IPX> TOOLS> MY GRADES> VIEW

Info iconThis preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: [ACCT3104] MANAGERIAL COSTING AND CONTROL (ST LUCIA AND IPSWICH). SEMESTER 2, 2008 (ACCT3104S_5860IPX) > TOOLS > MY GRADES > VIEW ATTEMPTS > REVIEW ASSESSMENT: QUIZ 1 12TH EDN Review Assessment: quiz 1 12th edn User Winnie Teo Submitted 8/28/08 11:42 PM Name quiz 1 12th edn Status Completed Score 29 out of 30 points Time Elapsed 0 hours, 39 minutes, and 57 seconds out of 1 hours and 5 minutes allowed. Instructions Question 1 1 out of 1 points Answer the following questions using the information below: Raines Company manufactures three sizes of kitchen appliances: small, medium, and large. Product information is provided below. SmallMediumLarge Unit selling price $150 $250 $500 Unit costs: Variable manufacturing (60) (120) (200) Fixed manufacturing (40) (50) (120) Variable selling and administrative (30)(30)(30) Unit profit $ 20 $ 50 $150 Demand in units 100 120 100 Machine-hours per unit 20 40 100 The maximum machine-hours available are 6,000 per week. What is the contribution margin per machine-hour for a large chair? Selected Answer: $2.70 Question 2 1 out of 1 points A computer system installed last year is an example of a(n): Selected Answer: sunk cost Question 3 1 out of 1 points Factors used to decide whether to outsource a part include: Selected Answer: if the supplier is reliable Question 4 1 out of 1 points A recent college graduate has the choice of buying a new auto for $20,000 or investing the money for four years with a 6% expected annual rate of return. If the graduate decides to purchase the auto, the BEST estimate of the opportunity cost of that decision is: Selected Answer: $4,800 Question 5 1 out of 1 points For machine-replacement decisions, depreciation is a cost that is: Selected Answer: not relevant Question 6 0 out of 1 points Which of the following minimize the risks of outsourcing? Selected Answer: All of these answers are correct. Question 7 1 out of 1 points Answer the following questions using the information below: Konrade's Engine Company manufactures part TE456 used in several of its engine models. Monthly production costs for 1,000 units are as follows: Direct materials $ 40,000 Direct labor 10,000 Variable overhead costs 30,000 Fixed overhead costs 20,000 Total costs $100,000 It is estimated that 10% of the fixed overhead costs assigned to TE456 will no longer be incurred if the company purchases TE456 from the outside supplier. Konrade's Engine Company has the option of purchasing the part from an outside supplier at $85 per unit. If Konrade's Engine Company accepts the offer from the outside supplier, the monthly avoidable costs (costs that will no longer be incurred) total: Selected Answer: $ 82,000 Question 8 1 out of 1 points Black Tool Company has a production capacity of 1,500 units per month, but current production is only 1,250 units. The manufacturing costs are $60 per unit and marketing costs are $16 per unit. Doug Hall offers to purchase 250 units at $76 each for the next five months. Should Black accept the one-time-units at $76 each for the next five months....
View Full Document

This note was uploaded on 10/21/2009 for the course ACCT 3104 taught by Professor Mrssandralazzarini during the One '09 term at Queensland.

Page1 / 14

Quiz 11-solution - [ACCT3104 MANAGERIAL COSTING AND CONTROL(ST LUCIA AND IPSWICH SEMESTER 2 2008(ACCT3104S_5860IPX> TOOLS> MY GRADES> VIEW

This preview shows document pages 1 - 6. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online