Midterm1 Spr2010

3900 insurance and taxes on plant

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Unformatted text preview: boards .................3,900 Insurance and taxes on plant ...........................................................................30 Internet banner ads .........................................................................................550 Plant janitor wages ...........................................................................................15 Plant utilities ....................................................................................................45 Sales associates wages ...................................................................................900 Shipping to customers ....................................................................................250 Wages to computer assembly workers ........................................................1,600 Total .......................................................................................................7,840 At the end of December, ComputerPro discovered that it sold only 3/4 of the computers it produced during the month. 8. What amount of Cost of Goods sold will appear on its December income statement? 9. What amount of sales associate wages will appear on its December income statement? Page 5 6A:002 Spring 2010 – Midterm 1 10. You are considering two Spring Break alternatives. Both are seven day, seven night, excursions. Two friends will accompany you. Carnival Cruise o The cruise costs $700 per person. o Food and entertainment is included. o You will need to fly to Miami to board the ship. Airfare will cost $400 per person. Trip to New York City o Hotel room costs $150 per night. You split the cost of the room with your friends. o Food will cost $30 per person per day. o Admissions and other entertainment costs will total $225 per person. o Airfare to New York is $180 roundtrip. Because you will be texting your friends that stayed in Iowa City to tell them how great your trip is, you will spend an additional $25 on your cell phone bill while you are away. Based only on a financial analysis of the information above (a) Which trip should you choose? (b )How much better off will you be financially by choosing this trip? Page 6 6A:002 Spring 2010 – Midterm 1 Page 7 Use the following information about NY Deli to answer questions 11 thro...
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This note was uploaded on 09/29/2011 for the course 06A 002 taught by Professor Stuff during the Spring '11 term at University of Iowa.

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