ACCT 434 Final Exam Set 2 For more course tutorials visit www . uophelp . com
Question 4 . 4 . ( TCO 8 ) Novacar Company manufactures automobiles . The red car division sells its red cars for $ 25,000 each to the general public . The red cars have manufacturing costs of $ 12,500 each for variable and $ 5,000 each for fixed costs . The division ' s total fixed manufacturing costs are $ 25,000,000 at the normal volume of 5,000 units ……………. ( Points : 25 ) Question 5 . 5 . ( TCO 11 ) For supply item LK , Boatman Company has been ordering 125 units based on the recommendation of the salesperson who calls on the company monthly . The company has hired a new purchasing agent , who wants to start using the economicorder-quantity method and its supporting decision elements . She has gathered the following information :…… Determine the EOQ , average inventory , orders per year , average daily demand , reorder point , annual ordering costs , and annual carrying costs . ( Points : 25 ) Russell . Company . has . the . following . projected . account . balances . for . Ju ne . 30 ,. 20X5 : Accounts payable $ 40,000 Sales $ 800,000 Accounts receivable $ 100,000 Capital stock $ 400,000 Depreciation , factory $ 24,000 Retained earnings ? Inventories ( 5 / 31 & 6 / 30 ) $ 180,000 Cash $ 56,000 Direct materials used $ 200,000 Equipment , net $ 240,000 Office salaries $ 80,000 Buildings , net $ 400,000 Insurance , factory $ 4,000 Utilities , factory $ 16,000 Plant wages $ 140,000 Selling expenses $ 60,000 Bonds payable $ 160,000 Maintenance , factory $ 28,000 Required a .. Prepare . a . budgeted . income . statement . for . June . 20X5 . b .. Prepare . a . budgeted . balance . sheet . as . of . June . 30 ,. 20X5 .
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ACCT 434 Final Exam Set 2 For more course tutorials visit www . uophelp . com
1 . ( TCO 1 ) If products are alike , then for costing purposes ( Points : 5 )