Acc 3200 practice final - Study guides, Class notes & Summaries

Salisbury Corporation has been producing and selling 30,000 caps a year. The company has the capacity to produce 50,000 caps with its present facilities. The following information is also available: Selling price per unit: $35 Variable costs per unit: Manufacturing $14 Selling and Administrative $6 Fixed costs in total: Manufacturing $128,000 Selling and Administrative $56,000 Gilbert Company has contacted Salisbury about purchasing 10,000 units at $24 each. A new customer who wants 20...

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ACC 3200 Practice Questions for the Final – Summer 2019 1. Sen Company’s standard requires 3 direct labor hours for each unit produced and pays $10 per hour. During the last month, the company produced 1000 units of product and paid a total $32,340 direct labor salary. The labor efficiency variance was $600 favorable. What was direct labor rate variance? A) $5,880 Unfavorable B) $7,920 Unfavorable C) $3,960 Unfavorable D) $2,940 Unfavorable 2. Dan Corporation uses a standard costing ...

ACC 3200 Practice Problems for the Final Exam 1. The following data refers to the Daniels division of Tippett Inc. Daniels sells variablespeed drills. The standard drill sells for $ 40, and Daniels plans sales of 30,000 units in 2005. Tippett treats Daniels as an investment center with total attributable investment of $ 800,000. Daniels' annual fixed costs are $ 200,000. Variable cost per standard drill is $ 24. The firm's required rate of return on investment is 15%. The manager is evalua...

ACC 3200 Practice Problems for the Final Exam 1. The following data refers to the Daniels division of Tippett Inc. Daniels sells variable-speed drills. The standard drill sells for $ 40, and Daniels plans sales of 30,000 units in 2005. Tippett treats Daniels as an investment center with total attributable investment of $ 800,000. Daniels' annual fixed costs are $ 200,000. Variable cost per standard drill is $ 24. The firm's required rate of return on investment is 15%. The manager is eval...

ACC 3200 Practice Final – Summer 2012 Answer the following three questions using information regarding Hoeper Clinic: Hoeper Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,600 clientvisits, but its actual level of activity was 2,650 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: 1. Determine Hoeper’s revenue variance for the month (rounded): A. $3...