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final exam review - 1 Davis Company example RM Beg inv RM...

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1 Davis Company example RM - Beg inv 3500 RM - purchases 29000 32500 less RM end inv 6000 RM used 26500 2Urban Company example RM - Beg inv 4000 RM - purchases 71000 Available 75000 less RM end inv 5000 RM used 70000 3Reno Corp. example Est OH - planned 300000 Est DLH 750000 OH rate 0.4 4 Birmingham Machine example high low hrs costs High useage 800 820 low useage 300 750 500 70 vc rate 0.14 vc at high useage X rate fixed cost 820 tc at 400 876 5 Gary Corp. flexible budget for 200,000 units FC 0 VC rate 0 0 6 Aztec Co. truck miles miles FC 0 VC rate 0 cost per unit 0 Number of units total cost 0 7A firm Est total sales Sales #DIV/0! 100% VC CM enter as a decimal FC 0 Net Income enter as a decimal 8 Small mfg firm Est change in income Sales 100% VC enter as a decimal CM Sales increases by Net income increases by 0 9 Brown Corp. Total job cost DM DLH DK rate 0 MHs OH rate 0 total 0 10 Virginia Co. Job cost total Prior balance DM DL OH at 40% of DL 0 Ending job cost 0 11 Roberts Co. close OH to CGS overapplied Overhead (credit balance) -6,000 Prior CGS (debit) new CGS -6,000 12Strong Products close OH and compute income dr.
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