ACCT 346

These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: Time Spent: Points Recei ved: 270 / 270 (100%) Question Type: # Of Questions: # Correct: Multiple Choice 25 25 Essay 7 N/A Grade Details - All Questions Page: 1 2 3 4 1. Question : Student Answer: Instructor Explanation: (TCO 1) The principle managers follow when they only investigate significant departures from the plan is co...

1. Active Equipment produces high-quality basketballs. If the fixed cost per basketball is $3 when the company produces 24,000 basketballs, what is the fixed cost per basketball when it produces 36,00 0 basketballs? Assume both volumes are in the same relevant range. Identify the formula, then compute the new fixed cost per basketball when it produces 36,000 basketballs. New fixed cost / = per basketball / = 2. Pamela's Quilt Shoppe sells homemade Amish quilts. Pamela buys the quilts from local...

DeVry University ACCT346 Weekly Assignment Week 3 Directions: Your assignment this week is to answer the two questions below. Please note that Question #2 has 2 parts, Part A and Part B. Please show your work for full credit and use the box provided. Please add more rows or columns to the box if needed. 1. Beginning WIP inventory is 15,500 units, 75% complete for materials. During the month, 90,000 units were started; 87,000 were finished; and ending WIP was 18,500 units that were 50% complete f...

ACCT 346 Week 2 Homework (graded) ACCT 346 Week 2 Homework (graded) ACCT 346 Week 2 Homework (graded) ACCT 346 Week 2 Homework (graded) Show Less

1. Incremental drop in revenue ($1,200,000) Incremental cost savings: Cost of sales 700,000 Salaries 175,000 Other 60,000 Incremental increase in serving pieces (13% x $800,000) 104,000 Incremental increase in serving pieces variable costs (13% x $500,000) (65,000) Incremental increase in profit ($226,000) 2. A) Break-even point in sales = fixed costs / ($1-variable cost per dollar) = 115,600 / (1- 0.38) = 115,600/0.62 = $186,451.61 B) Level of sales needed to reach monthly profit of $67,...