quiz questions for final

quiz questions for final - A company has three processing...

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A company has three processing departments and uses a process costing system. The company assigned manufacturing overhead costs to production. What account was affected? -Manufacturing Overhead was credited. Dartmouth Company has two process departments that produce products: machining and assembly. At what point can the company add manufacturing overhead costs to the products? -As the production takes place in each of the two process departments For which of the following costs is a static budget most appropriate? -Fixed overhead costs Of the four steps in preparing a production cost report, which step occurs first? -Compute the physical unit flow Palms, Inc. wants to sell enough palm trees to earn a profit of $20,000. If the unit sales price is $40, unit variable cost is $22, and total fixed costs are $120,400, how many trees must be sold to earn a profit of $20,000? -7800 (Palms, Inc. must sell 7,800 trees to earn a profit of $20,000. Required unit sales = fixed costs + target profit / unit contribution margin (120,400 + 20,000 /18 = $7,800 units) Panera Bread sells a box of bagels for $6 with a contribution margin of 62.5%. Its fixed costs are $150,000 per
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This note was uploaded on 11/24/2010 for the course ACCOUNTING 1 taught by Professor Fabrio during the Spring '10 term at Rowan.

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quiz questions for final - A company has three processing...

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