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HW-498 Accounting few questions
Question-1)
shown that there are times when unscrupulous top managers can exploit their powers. What act in 2002 was implemented to protect the interest of those who invest in publicly traded companies by improving the reliability and accuracy of corporate financial reports and disclosures. What are the key areas of this legislation?
Question-2)
What effect does an increase in volume have on:
a. Unit fixed cost?
b. Unit variable cost?
c. Total fixed cost?
d. Total variable cost?
Question-4
Maxon Products distributes a single product, a woven basket whose selling price is $8 and whose variable cost is $6 per unit. The company's monthly fixed expense is $5,500.
Required:
1. Solve for the company's break-even point in unit sales using the equation method.
2. Solvd for the company's break-even point in sales dollars using the equation method and the Contribution Margin (CM) ratio.
3. Solve for the company's break-even point in unit sales using the formula method.
4. Solve for the company's break-even point in sales dollars using formula method and the CM ratio.
Question-5)
The following activities occur at Greenwich Corporation, a company that manufactures a variety of products.
a. Varous individuals manage the parts inventories
b. A clerk in the factory issues purchase orders for a job
c. The personnel department trains new production workers.
d. The factory's general manager meets with other department heads such as marketing to coordinate plans.
e. Direct labor workers assemble products.
f. Engineers design new products.
g. The maintenance department performs periodic preventive maintenance on general-use equipment.
Required:
Classify each of the activities above as either a unit-level, batch-level, product-level, or organization sustaining activity.
Question-6
The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below:
Budgeted Unit Sales
Quarter 1 = 12,000
Quarter 2 = 14,000
Quarter 3 = 11,000
Quarter 4 = 10,000
The company's variable selling and administrative expenses per unit are $2.75. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $40,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make insurance payments of $6,000 in the 4th quarter. Finally, property taxes of $6,000 will be paid in the 3rd quarter.
Required:
Prepare the company's selling and administrative expense budget for the upcoming fiscal year.
Question-8
Tundra Services Company, a division of a major oil company, provides various services to the operatiors of the North Slope oil field in Alaska. Data concerning the most recent year appears below.
Sales $18,000,000
Net operating income $5,400,000
Average operating assets: $36,000,000
Required:
1. Compute the margin forTundra Services Company
2. Compute the turnover for Tundra Services Company
3. Compute the return on investment (ROI) for Tundra Service Company
Answer will be sent by email.
shown that there are times when unscrupulous top managers can exploit their powers. What act in 2002 was implemented to protect the interest of those who invest in publicly traded companies by improving the reliability and accuracy of corporate financial reports and disclosures. What are the key areas of this legislation?
Question-2)
What effect does an increase in volume have on:
a. Unit fixed cost?
b. Unit variable cost?
c. Total fixed cost?
d. Total variable cost?
Question-4
Maxon Products distributes a single product, a woven basket whose selling price is $8 and whose variable cost is $6 per unit. The company's monthly fixed expense is $5,500.
Required:
1. Solve for the company's break-even point in unit sales using the equation method.
2. Solvd for the company's break-even point in sales dollars using the equation method and the Contribution Margin (CM) ratio.
3. Solve for the company's break-even point in unit sales using the formula method.
4. Solve for the company's break-even point in sales dollars using formula method and the CM ratio.
Question-5)
The following activities occur at Greenwich Corporation, a company that manufactures a variety of products.
a. Varous individuals manage the parts inventories
b. A clerk in the factory issues purchase orders for a job
c. The personnel department trains new production workers.
d. The factory's general manager meets with other department heads such as marketing to coordinate plans.
e. Direct labor workers assemble products.
f. Engineers design new products.
g. The maintenance department performs periodic preventive maintenance on general-use equipment.
Required:
Classify each of the activities above as either a unit-level, batch-level, product-level, or organization sustaining activity.
Question-6
The budgeted unit sales of Haerve Company for the upcoming fiscal year are provided below:
Budgeted Unit Sales
Quarter 1 = 12,000
Quarter 2 = 14,000
Quarter 3 = 11,000
Quarter 4 = 10,000
The company's variable selling and administrative expenses per unit are $2.75. Fixed selling and administrative expenses include advertising expenses of $12,000 per quarter, executive salaries of $40,000 per quarter, and depreciation of $16,000 per quarter. In addition, the company will make insurance payments of $6,000 in the 4th quarter. Finally, property taxes of $6,000 will be paid in the 3rd quarter.
Required:
Prepare the company's selling and administrative expense budget for the upcoming fiscal year.
Question-8
Tundra Services Company, a division of a major oil company, provides various services to the operatiors of the North Slope oil field in Alaska. Data concerning the most recent year appears below.
Sales $18,000,000
Net operating income $5,400,000
Average operating assets: $36,000,000
Required:
1. Compute the margin forTundra Services Company
2. Compute the turnover for Tundra Services Company
3. Compute the return on investment (ROI) for Tundra Service Company
Answer will be sent by email.
