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
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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!