ACTG 2P21 Test 1,2,3 (7)

ACTG 2P21 Test 1,2,3 (7) - 22 Greasy Spoon Service repairs...

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Unformatted text preview: 22. Greasy Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2009: Time Material m Charges Technicians' wages and benefits $6 000 Parts manager's 311%de W Office mflagerfisxmlflyandbeaefits m 13,000 Other We] - 1 10,000 Total budgeted costs 760 00 £00,000 Greasy Spoon _h_as budgeted form hours of technician We coming year. It desires ' 6 hour of labour d a 50% profit mar in "_" '5. (Er/east}r Spoon estimates the tgjglJEY/QIEEEQEE'QLPHHS an materialgigflflg wr be $5 00,000, Instructions 1) Calculate the rate charged per hour of labour. 2) Calculate the material loading charge. 7_ 3) Greasy §pgthlla§Le§eiMed a request from Lime Corporation for an efifitteflr a comfierciai fryer. The company estimates that it would take Mummy W. Calculate the total estimated bill. go x {(350 a i . t 33"? ~f— é‘ww % 90% 81mg); Lfimm...) Version 2 Page 8 9//2- la'fijollfiggolgiu ) Illixf 1°10. , 4127,90” ems-K - 3, u“ 0 . ’Wdc :— ’lbflob ll : $9680 I Mei : {ath)! 23. The income statement for Raple Stark Company for 2009 appears below. Raple Stark Company Income Statement For the Year Ended December 31, 2009 E 3! X Sales (25,000 units) $§§QQQQ ' " Variable expenses 22? 500 1:; MN % Contribution margin Fixed expenses g 4323466) Net income (loss) sg 16,900) g 61%,. Instructions Answer the following independent questions and show computations to support your answers: 1) How much additional sales revenue does the company need to_b.rea.k:euen_ill2flfl9? 2) If the company is able to reduce variable costs by $1.25 per unit in 2010 and other costs and unit revenues remain utielian’gyt-gglE how many units will the company have to sell in order to earn a net income of 9;. 5mm We,” 2 pm 2123+:st : 495%90 :L up ' Cit/l 4.12.5m; a 11% BWCNk gag“ Wt :— $3525650 éSW-w [@7c5ecw ’- 1 o i “j” .3 ~ fiébwwigm @ t :15de 6'9 Felt/lam - Ke$ (bra? ‘ 70¢?) ,- 2)“ . W fofm Reafmée (age : {e 2$Xx x 95 cuza‘tg I A fieii/o "-1 ‘15)xma‘sfi4w T3359; 1n Moi. 1/5 = (J in 20ch : Cale—2.19%? 8; (LUMbe : SL035 . 735 @64:2 l S W Iflfléqug gamer, Ail €06§H*/67o~o).¢6f§év 2< Version 2 Page 9 ...
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