ACCT 505 Final Exam Guide ( New ) Set 1
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11 . ( TCO B ) Wahr Corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year . At the beginning of the most recently completed year , the company estimated the labor hours for the upcoming year at 35,000 . The estimated variable manufacturing overhead was $ 7.25 per labor hour and the estimated total fixed manufacturing overhead was $ 585,000 . The actual labor hours for the year turned out to be 33,000 . ================================================
ACCT 505 Final Exam Guide ( New ) Set 1
For more course tutorials visit www . uophelp . com
Score 248 / 250 Multiple Choice 2 Short 2 Essay 7
Question 1 : ( TCO E ) Designing a new product is a ( n ) 2 . Question : ( TCO G ) Given the following data , what would ROI be ? Sales $ 70,000 Net operating income $ 10,000 Contribution margin $ 20,000 Average operating assets $ 50,000 Stockholder ' s equity $ 25,000 1 . Question : ( TCO C ) Longiotti Corporation produces and sells a sin gle product . Data concerning that product appear below . Selling price per unit $ 375.00 Variable expense per unit $ 144.00 Fixed expense per month $ 1,686,300 Required : Determine the monthly breakeven in units or dollar sales . Show your work !