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Student Name:
Class:
Part a.
7,800$
48,300
43,800
12,300$
Correct!
Instructor
McGraw-Hill/Irwin
Exercise 02-41
Beginning direct materials inventory
MONROE FABRICATORS
Transferred Out
Transferred In
Ending direct materials inventory
7,800$
a. ?
8,100
11,400
5,700
Work-in-process inventory, December 31
Given Data E02-41:
MONROE FABRICATORS
Direct materials inventory, January 1
Work-in-process inventory, January 1
Direct materials inventory, December 31
Finished goods inventory, January 1
Student Name:
Class:
270$
165
60
495$ «- Correct!
MADRID CORPORATION
Instructor
McGraw-Hill/Irwin
Exercise 02-46
Direct Materials
Direct Labor
Variable Manufacturing Overhead
Variable Manufacturing Costs
900$
Given Data E02-46:
Information provided by accounting system:
Fixed costs (for the month)
Sales price (per unit)
MADRID CORPORATION
Student Name:
Class:
a.
9,000$
120,000
Correct!
Problem 02-54
McGraw-Hill/Irwin
Instructor
CHELSEA, INC.
Total Prime Cost Computation
Plus Purchases
Beginning Inventory
9,000$
7,500
Given Data P02-54:
Information provided by accounting records:
CHELSEA, INC.
Direct materials inventory, May 1
Direct materials inventory, May 31
Student Name:
Class:
a.
Computations
1.
70$
Correct!
2.
56$
75
Problem 02-56
McGraw-Hill/Irwin
Instructor
COLUMBIA PRODUCTS
Variable Manufacturing Cost
Manufacturing overhead
Fixed marketing and administrative cost
Fixed manufacturing
Full Unit Cost
5.
35$
Correct!
6.
35$
Correct!
7.
448$
Profit Margin per Unit
Direct labor
Sales price
Conversion Cost per Unit
Direct labor
Prime Cost per Unit
448$
Manufacturing costs:
Information provided by accounting system:
Given Data P02-56:
COLUMBIA PRODUCTS
Sales price (per unit)
Student Name:
Class:
Baseline Rent
(status quo) Equipment Difference Change
4,800,000$ 4,800,000$ -$ No Change
(600,000) (600,000) - No Change
Baseline Rent
(status quo) Equipment Difference
4,800,000$ 5,136,000$ 336,000$ Higher
- (690,000) 690,000 Higher
Instructor
McGraw-Hill/Irwin
Variable
Operating costs:
Sales Revenue
Integrative Case 2-69
a. This year's income statement
Drive Systems Division (DSD)
Tunes2Go
Equipment rental
Operating costs:
Sales Revenue
b. Next year's income statement
3,000,000$
690,000$
7%
No salvage value
Given Data IC2-69:
Tunes2Go
Percentage increase in DSD's annual revenue
Annual rental charge for new testing machine
Cost of existing automated testing equipment
Drive Systems Division (DSD)
