Question 8 1 which of the following is not an

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Survey of Accounting
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Chapter 11 / Exercise 15
Survey of Accounting
Warren
Expert Verified
QUESTION 8 1. Which of the following is not an assumption underlying CVP analysis ? a . Revenues increase proportionally with sales volume . b . Variable costs increase proportionally with sales volume . c . Selling prices, unit variable costs, and fixed costs are known or can be estimated . d . All costs can be classified (or approximated to) into either fixed costs or variable costs . e . All costs are controllable .
1 points QUESTION 9 1. Contrafic Lighting manufactures small flashlights and is considering raising the price by 50 cents a unit for the coming year. With a 50-cent price increase, demand is expected to fall by 3,000 units . Current Projected Demand 70,000 units 67,000 units Selling price per unit $7.50 $8.00 Variable cost per unit $4.80 $4.80 If the price increase is implemented, operating profit is projected to ________.
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Chapter 11 / Exercise 15
Survey of Accounting
Warren
Expert Verified
1 points QUESTION 10 1. Aero toys sells three different kinds of toy planes: FighterJet, JumboJet, and SuperJet. Operating data of Aero toys for next month are as follows: FlighterJet JumboJet SuperJet Demand (units) 200,000 100,000 60,000 Unit price $40 $60 $80 Unit variable cost $25 $35 $40 Production rate (units per hour) 50 25 20 Available production hours 9,000 2. 3. Assume that Aero toys chooses its production plan to maximize profits. Total contribution margin of Aero toys for next month would be:
1 points QUESTION 11 1. ABC Industries make dyes used to color fabrics. The following data pertain to its operations for the most recent year: Raw materials beginning inventory $ 60,000 Raw materials ending inventory 80,000 WIP beginning inventory 150,000 WIP ending inventory 200,000 Finished goods beginning inventory 180,000 Finished goods ending inventory 250,000 Raw materials issued to production 1,000,000 Manufacturing overhead 300,000 Direct labor 500,000 2. 3. Required: 4. A. Calculate the cost of raw materials purchased during the year
5. B. Calculate the total manufacturing costs charged to production 6. C. Calculate the cost of goods manufactured during the year 7. D. Calculate the cost of goods sold during the year (2+2+2+2 = 8 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).  

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