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 ! 2 . Question : ( TCO B ) Maverick Corporation uses the weightedaverage method in its process costing system . Data concerning the first processing departme nt 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 % Units started into production during the month 6,000 Units transferred to the next department during the month 5,600 Materials costs added during the month $ 112,500 Conversion costs added during the month $ 210,300