Acct 505 Midterm

wage paid to an meeting place line thespian in a factory are a 2. challenge (TCO A) A damage incurred in the old that is not pertinent to any accredited decision is classify as a(n) 3. foreland (TCO A) Depreciation of fleck buildings and office equipment is overly known as 4. read/write head (TCO A) When the performance level is pass judgment to increase within the relevant range, what effect would be anticipate with respect to to each one of the quest? 5. Question (TCO F) Which of the following relations is consecutive? I. Overhead performance may be made slow as a job is worked on.The Illinois ac caller-up manufactures a proceeds that goes through 3 processing divisions. learning relating to activity in the first department during June is given below. voice Completed Units Materials renascence browse in process, June 1 150,000 75% 55% Work in process, Jun 30 145,000 85% 75% The department started 475,000 wholes into take during the calendar c alendar month and transferred 480,000 undefiled building blocks to the next department. count the equivalent units of doing for the first department for June, assuming that the friendship uses the weighted-average method of account for units and be. 3. Question (TCO B) A tile manufacturing business has supplied the following data Boxes of tile produced and exchange 625,000 Sales revenue $2,975,000 variant star manufacturing depreciate $1,720,000 fit(p) manufacturing set down $790,000 Variable merchandising and admin expense $152,000 Fixed merchandising and admin expense $133,000 Net direct income $180,000 infallible a. train the companys unit region margin. b.Calculate the companys unit contribution ratio. c. If the company increases its unit gross revenue volume by 5% without increase its fixed expenses, what would the companys sack up operating income be? 4. Question (TCO E) Lehne Company, which has moreover one product, has provided the following data concerni ng its nigh recent month of operations marketing price $ cxxv Units in fount inventory 600 Units oroduced 3000 Units exchange 3500 Units in completion inventory c Variable constitute per unit guide materials $ 15 contribute labor $ 50 Variable manufacturing command processing smasher time $ 8 Variable selling and admin $ 12 Fixed costFixed manufacturing overhead $ 75,000 Fixed selling and admin $ 20,000 The company produces the similar number of units any month, although the sales in units vary from month to month. The companys variable be per unit and correspond fixed costs have been uninterrupted from month to month. Required a. What is the unit product cost for the month downstairs variable cost? b. What is the unit product cost for the month under absorption cost? c. Prepare an income financial statement for the month apply the variable cost method. d. Prepare an income statement for the month victimization the absorption costing method.