For more course tutorials visit uophelp.com is now newtonhelp.com www.newtonhelp.com Excel Sheet can be used for any change in values, it automatically gives correct answers 1. The following costs were incurred in September: Direct materials $42,700 Direct labor $29,400 Manufacturing overhead $27,300 Selling expenses $23,600 Administrative expenses $33,700 Conversion costs during the month totaled:

1. ACC 349 Final Exam Guide (New 2018 with Excel sheet)
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Excel Sheet can be used for any change in values, it automatically gives correct
answers
1.
The following costs were incurred in September:
Direct materials $42,700
Direct labor $29,400
Manufacturing overhead $27,300
Selling expenses $23,600
Administrative expenses $33,700
Conversion costs during the month totaled:
2.
A soft drink bottler incurred the following factory utility cost: $3,861 for 950 cases
bottled and $3,922 for 1,200 cases bottled. Factory utility cost is a mixed cost
containing both fixed and variable components. The variable factory utility cost per
case bottled is closest to:
3
The following cost data pertain to the operations of Swestka Department Stores, Inc.,
for the month of July.
Corporate headquarters building lease $87,600
Cosmetics Department sales commissions--Northridge Store $5,230
Corporate legal office salaries $60,500

2. Store manager's salary-Northridge Store $17,200
Heating-Northridge Store $20,200
Cosmetics Department cost of sales--Northridge Store $37,400
Central warehouse lease cost $11,100
Store security-Northridge Store $18,900
Cosmetics Department manager's salary--Northridge Store $4,150
The Northridge Store is just one of many stores owned and operated by the company.
The Cosmetics Department is one of many departments at the Northridge Store. The
central warehouse serves all of the company's stores.
What is the total amount of the costs listed above that are direct costs of the Cosmetics
Department?
4
Erkkila Inc. reports that at an activity level of 6,400 machine-hours in a month, its
total variable inspection cost is $425,930 and its total fixed inspection cost is
$179,493.
What would be the average fixed inspection cost per unit at an activity level of 6,700
machine-hours in a month? Assume that this level of activity is within the relevant
range.
5.
Nikkel Corporation, a merchandising company, reported the following results for July:
Sales $407,000
Cost of goods sold (all variable) $173,400
Total variable selling expense $20,400
Total fixed selling expense $22,200
Total variable administrative expense $14,800
Total fixed administrative expense $39,700
The contribution margin for July is:
6
Job 593 was recently completed. The following data have been recorded on its job
cost sheet:
Direct materials $2,412

3. Direct labor-hours 74 labor-hours
Direct labor wage rate $ 21 per labor-hour
Machine-hours 137 machine-hours
The Corporation applies manufacturing overhead on the basis of machine-hours. The
predetermined overhead rate is $22 per machine-hour. The total cost that would be
recorded on the job cost sheet for Job 593 would be:
7
The Assembly Department started the month with 19,500 units in its beginning work
in process inventory. An additional 285,000 units were transferred in from the prior
department during the month to begin processing in the Assembly Department. There
were 45,250 units in the ending work in process inventory of the Assembly
Department.
How many units were transferred to the next processing department during the month?
8
Lasseter Corporation has provided its contribution format income statement for
August. The company produces and sells a single product.
If the company sells 5,200 units, its total contribution margin should be closest to:
9
Olds Inc., which produces a single product, has provided the following data for its
most recent month of operations:
Number of units produced 5,400
Variable costs per unit:
Direct materials $88
Direct labor $79
Variable manufacturing overhead $7
Variable selling and administrative expense $13
Fixed costs:
Fixed manufacturing overhead $210,600
Fixed selling and administrative expense $388,800

4. There were no beginning or ending inventories. The absorption costing unit product
cost was:
10
Zurasky Corporation is considering two alternatives: A and B. Costs associated with
the alternatives are listed below:
Alternative A Alternative B
Materials costs $22,000 $52,000
Processing costs $28,000 $28,000
Equipment rental $10,100 $28,200
Occupancy costs $10,500 $22,000
What is the differential cost of Alternative B over Alternative A, including all of the
relevant costs?
11
Bossie Corporation uses an activity-based costing system with three activity cost
pools. The company has provided the following data concerning its costs and its
activity based costing system:
Costs:
Wages and salaries $284,000
Depreciation 268,000
Utilities 221,000
Total $773,000
Distribution of resource consumption:
Activity Cost Pools
Assembly Setting up Other Total
Wages and salaries 45% 35% 20% 100%
Depreciation 30% 10% 60% 100%
Utilities 15% 65% 20% 100%
How much cost, in total, would be allocated in the first-stage allocation to the
Assembly activity cost pool?
12

5. The cash budget is usually prepared after the budgeted income statement.
True
False
13
Cadavieco Detailing's cost formula for its materials and supplies is $2,090 per month
plus $15 per vehicle. For the month of November, the company planned for activity of
89 vehicles, but the actual level of activity was 49 vehicles. The actual materials and
supplies for the month was $2,660.
The materials and supplies in the planning budget for November would be closest to:
Q-14
Aide Industries is a division of a major corporation. Data concerning the most recent
year appears below:
Sales $18,120,000
Net operating income $1,177,800
Average operating assets $4,450,000
The division's return on investment (ROI) is closest to: (Round your answer to 2
decimal places.)
Q-15
Blue Corporation's standards call for 5,800 direct labor-hours to produce 1,450 units
of product. During May 1,050 units were produced and the company worked 1,350
direct labor-hours. The standard hours allowed for May production would be:
Q-16
The following standards for variable manufacturing overhead have been established
for a company that makes only one product:
Standard hours per unit of output 6.0 hours
Standard variable overhead rate $12.40 per hour

6. The following data pertain to operations for the last month:
Actual hours 2,600 hours
Actual total variable manufacturing overhead cost $32,870
Actual output 250 units
What is the variable overhead efficiency variance for the month?
What is the variable overhead efficiency variance for the month?
17
Wyly Inc. produces and sells a single product. The selling price of the product is
$240.00 per unit and its variable cost is $88.80 per unit. The fixed expense is
$374,598 per month.
The break-even in monthly dollar sales is closest to: (Round your intermediate
calculations to 2 decimal places.)
Use excel sheet for any change in values
18
Part O43 is used in one of Scheetz Corporation's products. The company's Accounting
Department reports the following costs of producing the 16,400 units of the part that
are needed every year.
An outside supplier has offered to make the part and sell it to the company for $32.00
each. If this offer is accepted, the supervisor's salary and all of the variable costs,
including direct labor, can be avoided. The special equipment used to make the part
was purchased many years ago and has no salvage value or other use. The allocated
general overhead represents fixed costs of the entire company. If the outside supplier's
offer were accepted, only $22,400 of these allocated general overhead costs would be
avoided.
Required:
a.
Prepare a report that shows the effect on the company's total net operating income of
buying part O43 from the supplier rather than continuing to make it inside the
company. (Input the amount as a positive value. Omit the "$" sign in your response.)
Net operating income would decrease be by $ .
Make

7. 19
Activity rates from Quattrone Corporation's activity-based costing system are listed
below. The company uses the activity rates to assign overhead costs to products:
Activity Cost Pools Activity Rate
Processing customer orders $94.07 per customer order
Assembling products $2.87 per assembly hour
Setting up batches $62.33 per batch
Last year, Product F76D involved 3 customer orders, 464 assembly hours, and 21
batches. How much overhead cost would be assigned to Product F76D using the
activity-based costing system?
20
The Gasson Company uses the weighted-average method in its process costing
system. The company's ending work in process inventory consists of 12,000 units, The
ending work in process inventory is 100% complete with respect to materials and 70%
complete with respect to labor and overhead. If the costs per equivalent unit for the
period $4.10 for the materials and $1.30 for labor and overhead, whatis the balance of
the ending work in process inventory account would be: (Do not round Cost per
equivalent unit)