Solutions to Exam 2 Review Problems

# Solutions to Exam 2 Review Problems - ACCT 226 Solutions to...

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ACCT 226 – Solutions to Exam 2 Review Problems Fergusson – Spring 2011 1) A) 100 + 10,000 – 400 = 9,700 B) 9,700 + (400 * 90%) = 10,060 C) 9,700 + (400 * 70%) = 9,980 D) \$182 + \$27,986 = \$28,168 / 10,060 = \$2.80 E) \$3,429 + \$373,815 = \$377,244 / 9,980 = \$37.80 F) 9,700 + (\$2.80 + \$37.80) = \$393,820 G) \$37.80 * 280 = \$10,584 2) A) Material Handling \$280,000 / 6,000 = \$ 47 Production Orders \$120,000 / 4,000 = \$ 30 Product Testing \$ 80,000 / 700 = \$114 Machine Setups \$395,000 / 6,800 = \$ 58 B) Gold: 2,000 * \$ 47 = \$ 94,000 1,000 * \$ 30 = \$ 30,000 500 * \$114 = \$ 57,000 3,800 * \$ 58 = \$220,400 \$401,400 Platinum: 4,000 * \$ 47 = \$188,000 3,000 * \$ 30 = \$ 90,000 200 * \$114 = \$ 22,800 3,000 * \$ 58 = \$174,000 \$ 474,800 C) Gold: DM \$25.00 DL (\$12 * 1.5 hrs) \$18.00 MOH (\$401,400 / 16,000) \$25.09 \$68.09 Platinum: DM \$ 34.00 DL (\$12 * 3 hrs) \$ 36.00 MOH (\$474,800 / 3,000) \$158.27 \$228.27

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3) A) (\$21,995 - \$18,937) / (988-710) = \$11 B) 988 * \$11 = \$10,868 C) 710 * \$11 = \$ 7,810 D) Highest Level:
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## This note was uploaded on 07/02/2011 for the course ACCT 226 taught by Professor Smith during the Summer '10 term at South Carolina.

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Solutions to Exam 2 Review Problems - ACCT 226 Solutions to...

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