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)