Quiz #1 Sample
Winter Term 2011
Name (please print)
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not violated any restrictions in your preparation for this
This exam is a study exam. While the exam you take will be similar in format,
you can expect different questions and topics covered in different ways at
different levels of difficulty.
Study Final Exam, FORM #
Winter Term 2011
This exam is a study exam. While the exam you take will be similar in format
and could have some similar questions, you can expect to see different
questions and topics covered in different ways at different levels of difficulty.
This exam is a study exam. While the exam you take will be similar in format, you can expect different questions and topics covered in different ways at different levels of difficulty.
PROBLEM I. MULTIPLE CHOICE (120 points total; 3 points each) Use
The following information relates to Harris Corporation.
Net sales (all credit)
Cost of goods sold
Income from operations
Accounts receivable, net
Total current assets
Variable cost analysis
The cost of a resource that is obtained in large chunks and that increases and decreases only in
response to fairly wide changes in activity
The level of sales at which profit is zero.
Holly Manufacturing Case
Holly Manufacturing Company produces two cello models. One is a standard acoustic cello that sells for $600 and is constructed
from medium-grade materials. The other model is a custom-made amplified cello with pearl inlays and a b
Fosdick Company has 1,200 pounds of raw materials in its December 31, 2004 ending
inventory. Required production for January and February are 4,000 and 5,000 units,
respectively. Three pounds of raw materials are needed for each unit, and the
Real Estate Taxes
Wood for toka sticks
Leather to tie wood together
Lubricants for Machinery
Electricity is a variable and indirect cost beause it cha
Data P2Part II-1:
Morrisey & Brown is a merchandising company that is the sole distributor of a product
that is increasing in popularity among consumers. The company's income statements
for the three most recent months follow:
MORRISEY & BROWN, LTD.
E3-21 Alternative Production Procedures and Operating Leverage
Assume Paper Mate is planning to introduce a new executive pen that can be manufactured using either a capital-intensive
The predicted manufacturing costs for each method are as follows:
P11-34 Segment Reporting and Analysis
University Publishers, Inc., has prepared income statements segmented by divisions, but management is still
uncertain about actual performance. Financial information for May is given as follows:
Management is concerne
E2-19 Scatter Diagrams and High-Low Cost Estimation
a.Use information from the high and low volume months to develop a cost-estimating equation for month
b.Plot the data on a scatter diagram. Using the information from representative high and low
Wendell's Donut Shoppe is investigating the purchase of a new $39,600 donut-making machine.
The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $5,400 per y
In addition, the new machine would allow
1. Fosdick Company has 1,200 pounds of raw materials in its December 31, 2004 ending inventory.
Required production for January and February are 4,000 and 5,000 units, respectively. Three pounds of
raw materials are needed for each unit, and the estimated
E4-20 Special Order
Natures Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chefs salad selling for
Daily fixed costs are $1,200, and variable costs are $4 per meal. With a capacity of 800 meals per day, the res
The Music Shop
January - May, 2012
Plus desired end. inv.*
Total inventory needs
Less beginning inv.
The following information is available for GFIs maintenance cost over the last seven months. Use the high low method to estim