ADMS2510S06Quiz1

ADMS2510S06Quiz1 - ID: A Short Answer ‘ \ 1. List and...

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Unformatted text preview: ID: A Short Answer ‘ \ 1. List and briefly discuss four possible measures of production capacity. Explain how selection of a capacity measure affects the variable and the fixed overhead application rates. i] V G i (2 ®\V@V m! l {ham , , Mama-g IL,“ 5 Name: ID: A “5" lififi’n‘h Problem 2‘ Van Buren Co. manufacturers high quality wooden rockers. The following information is available for June 1999: Sales $35,000 Cost of goods sold 20,000 Cost of goods manufactured W171,*OO_O, 7 Direct labour cost' $7 :13: - N Direct material used 6,000 , {lg‘jff ‘ Factory overheads“ V , 7 7,, 000 ;' "Jva- 1' 2‘ ‘ i A /, Direct material purchased 2,000 .___ A Beginning Ending ~‘ ; ’ Direct Material Inventory ? $3,000, f j , Work in Process Inventory 5,000 2,000 ’ ' \ ; Finished Goods Inventory 75,7000 Calculate the following for Van Buren Co.: , K ’ \a.Y Beginning finished goods inventory » [Ca/J: 73373;." I.“ if \b» Gross profit for June \s\. Total manufacturing costs‘for June H\. Direct labour cost for June COGS:- EpQ'zjj‘: +(ijy‘; ’ ,\ Agar, i ,3 k . w» v? . x w r _. . i , "~ 1 'rfirr /, _ v "J’r‘v 7". Lfi : _ 5 ,i:_,\‘»' .w \' "v 3309‘ EMU/T ‘75“ ’ (up; a “1"”— ‘ .: Elr’T-_I\ . fif‘f’: @ULD «61/fo {all ,u (7/ 9r: ‘ f / I “MO/O" Liz ., 4‘ . - (2 " ID: A 3. The following information is available for the XYZ Co. for the year ended December 31, 2004. {{J-J'A C {5 ~‘--g_ 3%» Beginning Ending ,7; Direct Material Inyentory $84,000 $ 76,000“ " \Work in Process Inventory 70,000 69,000’ ‘7 Finished Goods Inventory 96, 000 122,.oo_grL//‘f_~{ 291,6; “ _ ,. Sales 5600 , ooo ' __7 , l w/ Direct material purchased 7727607000 3;) Direct labour 4-8300 6 *" ’ [Depreciation of plant equipment 54,000 _’ 1: f ” \ Indirect labour Asa/001) ‘__ w - gndirect material used 304000 w \F'aEtory utilities 22,4900 ’p , 4‘ Sales salaries 50,00? A." ' -. ive salaries KOQXJVAa. Prepare a schedule of cost of goods manufactured. b. What would cost of goods manufactured be if cge/rheadflwere applied to products at the rate of‘310% oi_dir_e_<;t_labgur_eo_s_t? What would be the amount of underapplied or overapplied (indicate which) overhead for the year? (4 marks) "T D; ’K- 5" fw-d"~ , Pi," » r: , H" ~ ‘3 gr: ‘ x ‘cVLT (\ff‘x “i i u L é "x u ‘v. “V ‘wv‘e’v , ' n , a ’ 5’ L ’ l c) ’4; 0J3 "r U" ‘ ‘ I r-V K K“ {e r r\\ DH? wk Fifim‘ffigy 4 VAL UQQC kw; l__vx ~ \ 4' I v f ' J.“ " 50/91 1 \\.O L‘C’V; L; Q l _ fi'm 7 Wm. Her «w (we; idtrf‘dr ~ _, : k"\\\’\’r\/ 'ee/Q. ivxu/“Je/V \kflpfi \iywe? ’ 1 I v ' ' K '___ Vlrr/‘Ffil‘fl‘ ""';’r‘i k- W _e.%cmu or,» «we ' ’5 z (c: “ de’qowm 005‘ as: = ' {A «3:69); 5 J fimdfl A and: ' :7 . r ,., Tom kCt-étx‘ It a v, t m \\’"\i.‘<\~g'-E'. C:le 00:: 15:4 :3ch _ a," \ h C T 'l "calf I :1)". ~ : x., —’ infieva ‘ 1 <7 an,“ J~-“ I0‘\Uv\\.\ 3 13:0 "\ (“W-Ll 17' I : / A 1' ‘ / «‘3‘ ‘3 j ‘ley/ '4— 979/ 5 LT" “99;, I’m/‘2 ~ cw ...
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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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ADMS2510S06Quiz1 - ID: A Short Answer ‘ \ 1. List and...

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