Author: Anonymous

Julie has been eating popcorn, grapes and soda and watching baseball all day. What is she actually absorbing into the body from this food?

2.  All of the following statements are correct when referring to process costing except:

23.  Tubaugh Corporation has two major business segments–East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment. A properly constructed segmented income statement in a contribution format would show that the segment margin of the East business segment is:

8.  Which of the following statements is correct?  The break-even point occurs when:

3. The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company’s ending work in process inventory on August 31 consisted of 18,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $2.75 for materials and $4.25 for labor and overhead, the total cost assigned to the ending work in process inventory was:

17.  Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.        Sales (8,000 units) $ 320,000        Variable expenses   192,000        Contribution margin   128,000        Fixed expenses   121,600        Net operating income $     6,400 The margin of safety in dollars is closest to:

13.  A product sells for $10 per unit and has variable expenses of $7 per unit. Fixed expenses total $45,000 per month. How many units of the product must be sold each month to yield a monthly profit of $15,000?

1.  During the month of February, the painting department produced and transferred out 3,500 physical units.  Ending WIP had 1,000 physical units that were 50% complete with respect to materials costs and 40% complete with respect to conversion costs.  There was no beginning WIP.  Using the weighted average method for process costing, the total equivalent units for conversion costs would be:

24.  The Favini Company, which has only one product, has provided the following data concerning its most recent month of operations.  What is the operating income for the month under Variable costing? (This information is also used to answer the next question).           Selling price                                    $ 141           Units in beginning inventory                0           Units produced                               6,200           Units sold                                        5,900           Units in ending inventory                 300           Variable costs per unit:                     Direct materials                                          $40                     Direct labor                                                 $47                     Variable manufacturing overhead             $ 4                      Variable selling and administrative           $ 7           Fixed costs:                      Fixed manufacturing overhead              $167,400                      Fixed selling and administrative             $  82,600

27.  The endosymbiotic theory states that _______________________: one piece of evidence supporting this theory is the fact that_______________________________.