AF2110 Assignment01 (suggested solutions)
Problem 1-4 (20 minutes)
1. Failure to report the obsolete nature of the inventory would violate the
IMAs Statement of Ethical Professional Practice as follows:
Perform duties in accordance with releva
AF2110 Assignment02 (suggested solutions)
Problem 2-13 (30 minutes)
Variable or Selling
1. Property taxes, factory .
2. Boxes used for packaging detergent
produced by the company .
3. Salespersons commissions .
4. Supervisors salary,
AF2110 Assignment03 (suggested solutions)
Problem 4-22 (60 minutes)
1. The CM ratio is 30%.
Sales (19,500 units). $585,000
Variable expenses. 409,500
Contribution margin . $175,500
Per Unit Percent of Sales
AF2110 Assignment05 (suggested solutions)
Problem 8-28 (45 minutes)
1. Molding Department predetermined overhead rate:
Predetermined = Estimated total manufacturing overhead cost
Estimated total amount of the allocation base
AF2110 Assignment07 (suggested solutions)
Problem 14-18 (45 minutes)
1. Contribution margin lost if the flight is
Flight costs that can be avoided if the flight is discontinued:
Flight promotion .
Fuel for aircraft .
Liability insurance (1/
AF2110 Assignment11 (suggested solutions)
Problem 13-19 (45 minutes)
The answers below are not the only possible answers. Ingenious people
can figure out many different ways of making performance look better
even though it really isnt. This is one of the