AC505 MANAGERIAL ACCOUNTING
INSTRUCTIONS: Please fill in the blank for question 1 and select the appropriate
response to questions 2 through 45.
1. Use the following information to determine the gross margin for Pacific States
Quiz 5 Key
1. Spragg Corporation is developing standards for its products. One product requires an input that is purchased
for $62.00 per kilogram from the supplier. By paying cash, the company gets a discount of 6% off this purchase
price. Shipping costs
Practice Midterm Exam
1. Indirect labor is a part of:
2. Prime cost and conversion cost share what common element of total cost?
PROJECT A - Case 9-30
Budgeted unit sales
Selling price per unit
SCHEDULE OF EXPECTED CASH CO
Practice Midterm Solutions
Schedule of Cost of Goods Manufactured
Beginning raw materials inventory
Add: Purchases of raw materials
Raw materials available for use
Capital Budgeting Decision
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Due by Tuesday of week 8, midnight, Mountain Time
Here is Part B:
Clark Paints: The production department has been investigating possible ways
to trim total production c
AC505 :Brittany Greene
Capital Budgeting problem
Note:Anything in italic is a formula to help with this project that wasn't included on the template
Cost of new equipment
Expected life of equipment in years
Disposal value in 5 ye
Midterm Exam Hints - Week 4
Review/re-read e-Book chapters 2, 3, 4, 5, 6, and 7
Review lectures/tutorials for weeks 1, 2, and 3
Review Discussions for weeks 1, 2, and 3
Topics Covered in this test:
1. Understand the differences in prime, conversion, produ
One possibility currently being examined is to make the paint cans instead of purchasing them. The equipment needed would cost $200,000, with a disposal value of
$40,000, and it would be able to produce 5,500,000 cans over the life of the machinery
Case Study 2
Springfield Express is a luxury passenger carrier in Texas. All seats are first
class, and the following data are available:
Number of seats per passenger train car
Average load factor (percentage of seats filled)
Average full passenger fare
Case Study I Solution
The following cost items are needed before a schedule of cost of goods manufactured can be prepared:
Materials used in production:
Less Direct Labor Cost
Direct Materials Cost
Budgeted unit sales.
Selling price per unit.
February sales (10%).
(20%, 70%, 10%).
June sales (20%).
Total cash collections.