Math_421_Exam_1_Fall_26.pdf

A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (419,000 units @ $3.00/unit) $ 1,257,000 Actual costs: Direct materials costs incurred (416,000 units @ $3.20/unit) $ 1,331,200

Gardner Company expects sales for October of $258,000. Experience suggests that 45% of sales are for cash and 55% are on credit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $73,000. What is the amount of cash expected to be collected in October?

The standard materials cost to produce 1 unit of Product R is 7 pounds of material at a standard price of $51 per pound. In manufacturing 7,000 units, 48,000 pounds of material were used at a cost of $52 per pound. What is the total direct materials variance?

A job was budgeted to require 5 hours of labor per unit at $10.00 per hour. The job consisted of 8,900 units and was completed in 41,500 hours at a total labor cost of $447,600. What is the total direct labor variance?

A product sells for $275 per unit, and its variable costs are 68% of sales. The fixed costs are $345,600. What is the break-even point in sales dollars? Note: Do not round intermediate calculations.

Kent Company manufactures a product that sells for $58.00 and has variable costs of $32.00 per unit. Fixed costs are $299,000. Kent can buy a new production machine that will increase fixed costs by $17,200 per year, but will decrease variable costs by $5.00 per unit. Compute the contribution margin per unit if the machine is purchased.

Bengal Company provides the following unit sales forecast for the next three months: July August September Sales units 5,600 6,300 6,160 The company wants to end each month with ending finished goods inventory equal to 25% of the next month’s sales. Finished goods inventory on June 30 is 1,400 units. The budgeted production units for July are:

Exam 3 Topics Include: Respiratory System Point Value = 100 points Maximum Time Limit = 65 Minutes (in one sitting) Must be taken in one 65-minute sitting/session. Spelling counts. REMINDERS: Exams, tests, and quizzes are closed books, closed notes, closed slides, closed assignments, and taken individually. No additional devices allowed other than the one (1) being used for the exam/test/quiz. Only the test/exam/quiz screen should be open. A simple, basic calculator can be used (not phones). No other windows, websites, programs are permitted. “Cheating = The act or attempted act of deception by which a student misrepresents that he/she has mastered information on an academic exercise that, in fact, has not been mastered.”If you are found to be cheating on an exam or assignment at the very least, you will receive a grade of “0” for that exam or assignment. This may also lead to a failing grade in the course and disciplinary action by the college and the Dean of Academic Affairs. Please do not diminish your learning experience by cheating.  

The following data represent the prices of a round trip ticket from Los Angeles to Paris over spring break.  Use this information to find the indicated values.  Round the mean and standard deviation to the nearest whole number.  Give the quartiles to the nearest cent. $1352     $810     $919     $915     $1030     $915     $926     $1147     $789     $919      Find the following.  Summary Statistics What is the mean? [answer1] What is the median? [answer2] What is the standard deviation? [answer3] What is the first quartile?  [answer4] What is the is the 3rd quartile?  [answer5] Save these results for use in the next two questions.  Show supporting work on the page you will be uploading.  The work must be neat, easy to read, and clearly labeled with the problem number.  Supporting work may be the calculator function used or the computations by hand if you are not using the calculator.   Responses without supporting work may have up to 50% of the points for the problem deducted when the exams are reviewed.