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# ACC+2362+MC+Answers+3rd+Ed - ACC 2362 Managerial Accounting...

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ACC 2362- Managerial Accounting End of Chapter Multiple-Choice Exercise Answers 1–1 a 1–2 e 1–3 c 1–4 b 1–5 e 1–6 c 1–7 c 1–8 c 1–9 e 1–10 e

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ACC 2362- Managerial Accounting End of Chapter Multiple-Choice Exercise Answers 2–1 c 2–2 d 2–3 d (Conversion cost per unit = \$6 + \$10 = \$16) 2–4 b Production cost per unit = \$15 + \$6 + \$10 = \$31 Gross profit = \$75,000 – \$31,000 = \$44,000 2–5 e 2–6 c 2–7 d 2–8 c 2–9 a 2–10 b 2–11 e Prime cost per unit = \$8.65 + \$1.10 = \$9.75 2–12 b 2–13 a Total prime cost = \$50,000 + \$20,000 = \$70,000 Prime cost per unit = \$70,000/10,000 = \$7.00 2–14 c Total conversion cost = \$20,000 + \$130,000 = \$150,000 Conversion cost per unit = \$150,000/10,000 = \$15.00 2–15 b Cost of goods sold = \$50,000 + \$20,000 + \$130,000 = \$200,000 Cost of goods sold per unit = \$200,000/10,000 = \$20.00 2–16 b Gross margin = \$310,000 – \$200,000 = \$110,000 Gross margin per unit = \$110,000/10,000 = \$11.00 2–17 c Period expense = \$40,000 + \$36,000 = \$76,000 2–18 a Operating income = \$310,000 – \$200,000 – \$76,000 = \$34,000 Sales = \$75 × 1,000 units = \$75,000 Cost of goods sold = \$31 × 1,000 = \$31,000 Sales = \$31 × 10,000 = \$310,000
ACC 2362- Managerial Accounting End of Chapter Multiple-Choice Exercise Answers 3–1 a 3–2 e 3–3 c 3–4 b 3–5 a 3–6 d 3–7 c 3–8 b Total cost = \$123,800 + (\$15 × 2,000) = \$153,800 3–9 a 3–10 b 3–11 a 3–12 e 3–13 b 3–14 d

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