Set 3
( TCO E) Preparing purchase orders is a( n)( Points: 5) batch-level activity. product-level activity. unit-level activity. organization sustaining activity.
2.( 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( Points: 5) 28.6 % 20.0 % 40.0 % 50.0 % 3.( TCO C) Heckaman Corporation produces and sells a single product. Data concerning that product appear below. Selling price per unit $ 115.00 Variable expense per unit $ 56.35 Fixed expense per month $ 299,115 4. TCO B) Industrial Supply Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. Work in process, beginning: Units in beginning work in process inventory 400 Materials costs $ 6,900 Conversion costs $ 2,500 Percent complete for materials 80 % Percent complete for conversion 15 % 5.( TCO D) Topple Company produces a single product. Operating data for the company and its absorption costing income statement for the last year are presented below. Units in beginning inventory 0