# ADMS2510S06Quiz2 - Name: Class: _‘ Date: _ ID: A Quiz 2...

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Unformatted text preview: Name: Class: _‘ Date: _ ID: A Quiz 2 — ADMS 2510 v359 47:1,, Short Answer 1. Why is net income, determined under absorption costing, a function of both the volume of units produced and the volume of units sold? \‘ V / lfw'm ‘ "i K 47 Isv _ “H \ ,,\ 1‘ V ,. ‘ f‘ am. i i; w x : . . i t w \J -/ \I \4 (do >1 J E g f v ~ :5st 43% T1» \ ~ ’ _ r” » ‘ 0an on. a v 9 n r» z n W ’ " \‘ ’ t /‘s' ' " " I ‘i ‘ a x‘ J ‘k V 4” V \_4‘ v ~ ‘ J' it , 31 '_~- , _.~ H i o 5 V ‘ \ I . 1A , ,»;_ . , [if 7/, I w ‘\ ‘ V) v ‘ f V .,II/ & ’qv ‘ \ I! 1’ y' I V (2 marks) Problem L, - . ,y: ,,':#,I 2. Curtis Company's 1999 operating income computation follows: Sales ‘ \$87,000 Variable costs J?“ , 30,450 Contribution marginf‘ff \$56,550 Fixed costs 29,367 Income H \$27,183 The company’s breakeven point for 1999 was 3,012 units. Calculate Curtis‘s current unit sales volume. r:— i / “ x K.‘ K; . I ,kx { “5 Ev p ii: a“; ~ So\€3 ~ o L0 7i K’\ ALL—- ' *v w , x }J : V ‘M‘ ' I <4 marks> -’ Hum 53,5 \ Activities ‘ reggireg (hours) ’ Setei-ng—up—work—sehedule~\/’ C15 ‘V ’1'; r": Um :37; I Jiaulingimaterials to site/{ONT (13‘, 2, WV or “31‘ Stacking and storing materials/1“ 6 ~CRC‘J \ i/V I ' Measuring'and cutting materials‘ 7 . ’ (:32) g P 7 JQ Setting up" and moving‘sc‘affoldi’ng’{E’s-3 [3 \‘\ ,x r} Pouring foundation—“ITOerKI " ’ " k ‘ 1,5, / ‘ anstructing the deck . (6“ " \ ’ 1 mugting, and shingl.ing,,the roof :2” \NL‘V "(D'GO L' ‘u- " Framing and installing lattice work "5“) ‘k ~ "A Paintings MM 3 -’ ‘1.“me ,‘ AL}, V V ‘ Loading and removing tools and scrap NJ: 4 frﬁﬁ’ J Required: a. List the value—added activities and their times. b. List the non—value—added activities and their times. c. Calculate the manufacturing cycle efficiency. (4 marks) \ L ; ~42 . V( M ha i D \‘r ,- /“~ '” ; "er ( i7 m" * W U v ' ' 1' _\\\J “1’ . «J i ' “AL A - f,‘4 i q. i \_/_ 4/?!“ h I " drip/Viv ii “ H Mfr], u, gap)“ , l , E ‘4, / . » r ' C! M N gar {v r r I if , r" A LCV'L Hr.» "7 k» HUN!" '1, VI 1' LL» \ 1x 1. ‘ N _ * IN “A I x t i z i , W L; ‘ J ( yr: ‘ ~x K ﬂ,,,‘ A ,7 a 7, ‘ ,l a x A , q: ~~4)\ 1' ~ [if I */’ t’frr 2 \ \ 31L x“ x f j 1 ~ j”! i i :1)“ ﬁx / A 3 ~{» ’ , j, r . ’ My! in: J YOU I \ "~ * \\ o .s * a; ﬁrm 7* [0v tL'r Q His ' < u / r\ v \ A -A‘mr — H V; ml,"— 4- ‘3 \"f‘ _ A, L” x x :5." t A _ a / , t" - a \ a \ i or 1+; r r / p (.1 [I], V» ’ ‘ r k \ lL/‘J » I (7kg \/ v Jag/‘7 f; ;, \gw ,« r L -» ~ ’ i V \\\ .2. >~ ‘ \ {\_»J \\’ “’c‘ \~g' / ‘iT " I‘d : J: Cf " 2 :1 {OJ , x ~93 ‘1; i1 w \ v ‘4‘ l‘v_ ID: A Emblem 3. Highfive's Graceful Gazebos is engaged in activity analysis and has developed the following data on building a gazebo: Average time ID:A 4. Atlanta Carpet Mills uses a standard cost system with an overhead rate of \$6 per machine hour. In developing this rate, a normal capacity of 10,000 units was used. At that level, the flexible budget included \$20,000 of fixed costs. In the current period, 8,000 units were completed. Each unit has a standard completion time of one machine hour. Actual overhead costs for the period were \$54,000 of which \$30,000 was variable overhead. Total actual machine hours for the period were 8,300. Required Calculate six overhead variances. CLyKKJF Fft3~?\J «4 V Ni ‘ w 7’ — ‘ ;:_; « ; 5 :1 ' ‘ 1 — I ' i. t." _ M>V.D?U>“ - s I” ::M .\/f\ ‘k .r, g": ‘2 A I fi/Kiygﬁ')‘ * \‘K V Y r v N -\ Liéifij) ’ . A, \ Li/fueo ‘~ of; W I ‘ Jami)? Tut , I I, ,3,“ - >r <1 Cl f‘r. ff}: "‘ r4/"! \ r- A l ,. ~: 2 Li» \QOJJ luv f.\\y \I,,-\L@>u \ - , ,.,. i L , _ WOQ db \ , “fowl \‘x N ! ..' U ' ‘_ _B J F , p y j, x A x; + _ (,3 A ,. , x «I .1 pm _ y v I ’3 1 0.33;; f }*'3j&3;i' ‘ w M r v _ ’ ‘ .rr'h,i5\‘ ‘ piggi I I A -fﬁWI t t. —/ » v”, ’/—\/\ f j Li’UL/‘J J ' T ,, f )‘H‘ I " a 3- i — w _ " . I, g ‘/-H Raj.) s ' v t.) Vi“ ...
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## This note was uploaded on 10/02/2010 for the course ADMS 2510 taught by Professor .... during the Spring '10 term at York Tech.

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ADMS2510S06Quiz2 - Name: Class: _‘ Date: _ ID: A Quiz 2...

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