Solutions Exam 1

Solutions Exam 1 - Solutions 1.) VC = \$150, FC = \$1,500...

This preview shows pages 1–3. Sign up to view the full content.

Solutions 1.) VC = \$150, FC = \$1,500 Total Cost for 1,000 units = \$151,500 Total Cost for 2,000 units = \$301,500 2.) Fixed Costs = \$80,000; Fixed Costs per unit at 5,000 units = \$16 3.) a.) Fixed Costs: Salaries to the manager, Cost of operating the building Variable Costs: Bottles, Gallons, Wages for the bartenders and security b.) Variable Costs = \$12,400; Fixed Costs = \$4,000; Total Costs = \$16,400 c.) Variable Costs = \$16,800; Fixed Costs = \$4,000; Total Costs = \$20,800 d.) Variable Costs = \$18,600; Fixed Costs = \$8,000; Total Costs = \$26,600 4.) Do I really have to provide an answer for these? 5.) Total Costs for output of 5,000 units = \$203,000 6.) Raw Materials \$ 13,000 Manufacturing Overhead \$ 24,300 Work in Process \$ 51,300 Selling and Administrative Expenses \$ 40,650 7.) Sales \$100,00 0 Beginning Finished Goods Inventory 35,000 Cost of Goods Manufactured 85,000 Ending Finished Goods Inventory 65,000 Cost of Goods Sold 55,000 Gross Margin 45,000 Administrative and Selling Expenses 6,000 Net Operating Income 39,000

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
8.) Sales
This is the end of the preview. Sign up to access the rest of the document.

This document was uploaded on 11/01/2011 for the course ACC 222 at Miami University.

Page1 / 5

Solutions Exam 1 - Solutions 1.) VC = \$150, FC = \$1,500...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online