acct 346 all homework assignments week 1 - 8
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8/20/2019 ACCT 346 All Homework Assignments Week 1 - 8
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ACCT 346 All Homework Assignments Week 1 – 8ACCT 346 Managerial Accounting - DeVry
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ACCT 346 Week 1 Homework Assignment
Answer the four questions below:
1 !"entify whether each of the ite#s below is a $ro"uct Cost or $erio" Cost:
% !"entify whether each of the ite#s below is a Direct Cost or !n"irect Cost:
3 !"entify whether each of the below is a &i'e" Cost or Variable Cost:
4 Classify each as "irect #aterial( "irect labor( in"irect labor( in"irect labor( other
#anufacturing o)erhea" or *erio" cost( an" then answer the + questions below:
ACCT 346 Week 2 Homework Assignment
Co#*lete the three questions below an" *lease be sure to show all of your calculation wor,
along with the final answers:
1 ilt. Co#*any uses a *re"eter#ine" #anufacturing o)erhea" rate base" on "irect labor hours
to allocate /a**ly0 #anufacturing o)erhea" costs to obs During the year( the co#*any actually
incurre" total #anufacturing o)erhea" costs of 2+%( an" 13+( "irect labor hours were
wor,e" The co#*any originally esti#ate" that it woul" incur 2+%+( of #anufacturing
o)erhea" "uring the year an" that 1+( "irect labor hours woul" be wor,e"
% The following account balances at the beginning of 5anuary were selecte" fro# the general
le"ger of cean City Manufacturing Co#*any:
3 Vintage &un re*ro"uces ol"-fashione" style roller s,ates an" s,ateboar"s The annual *ro"uction an" sales of roller s,ates is 7+ units( while 1(8+ s,ateboar"s are *ro"uce" an" sol"
The co#*any has tra"itionally use" "irect labor hours to allocate its o)erhea" to *ro"ucts 9oller
s,ates require %+ "irect labor hours *er unit( while s,ateboar"s require 1%+ "irect labor hours
*er unit The total esti#ate" o)erhea" for the *erio" is 2114(3 The co#*any is loo,ing at the
*ossibility of changing to an acti)ity-base" costing syste# for its *ro"ucts !f the co#*any use"
an acti)ity-base" costing syste#( it woul" ha)e the following three acti)ity cost *ools:
ACCT 346 Week 3 Homework Assignment
$lease answer all questions below an" be sure to show all of your calculation wor,:
1 eginning !$ in)entory is 1+(+ units( 8+; co#*lete for #aterials During the #onth(
7( units were starte"< 8( were finishe" an" en"ing !$ was 1(+ units that were +;
co#*lete for #aterials
% During a *erio"( 3(% units were co#*lete" an" 4(% units were in en"ing !$ in)entory
=n"ing !$ was 8+; co#*lete for "irect #aterials an" +; co#*lete for con)ersion costs
%a hat are the total equi)alent units for "irect #aterials>
%b hat are the total equi)alent units for con)ersion costs>
ACCT 346 Week 4 Homework Assignment
?our assign#ent this wee, is to answer the question below which has four *arts $lease show
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your wor, for full cre"it:
1 MountainAir Co#*any has the following selecte" "ata for the *ast year:
1a $re*are an inco#e state#ent for last year using absor*tion costing
1b Calculate the )alue of the en"ing in)entory using absor*tion costing
1c $re*are an inco#e state#ent for last year using )ariable costing
1" Calculate the )alue of the en"ing in)entory using )ariable costing
ACCT 346 Week 5 Homework Assignment?our assign#ent this wee, is to answer the below three questions:
1 $al#er@s our#et Chocolates *ro"uces an" sells assorte" bo'e" chocolates The unit selling
*rice is 2+( unit )ariable costs are 2%+( an" total fi'e" costs are 2%(
1a Bow #any bo'es of chocolates #ust $al#er@s our#et Chocolates sell to brea,e)en>
1b hat are brea,e)en sales in "ollars>
% ='tre#e *orts recei)e" a s*ecial or"er for 1( units of its e'tre#e #otorbi,e at a selling
*rice of 2%+ *er #otorbi,e ='tre#e *orts has enough e'tra ca*acity to acce*t the or"er o
a""itional selling costs will be incurre" Enit costs to #a,e an" sell this *ro"uct are as follows:
Direct #aterials( 21< "irect labor( 2+< )ariable #anufacturing o)erhea"( 214< fi'e"
#anufacturing o)erhea"( 21( an" )ariable selling costs( 2%%a Fist the rele)ant costs
%b hat will be the change in o*erating inco#e if ='tre#e *orts acce*ts the s*ecial or"er>
%c houl" ='tre#e *orts acce*t the s*ecial or"er> hy or why not>
3 Totally Technology #anufactures Ca#eras an" Vi"eo 9ecor"ers The co#*any@s *ro"uct line
inco#e state#ent follows:
ACCT 346 Week 6 Homework Assignment
?our assign#ent this wee, is to answer the two questions below
1 Ca)e Bar"ware@s forecaste" sales for A*ril( May( 5une( an" 5uly are 2%(( 2%3((
217(( an" 2%4(( res*ecti)ely ales are 6+; cash an" 3+; cre"it with all accounts
recei)ables collecte" in the #onth following the sale Cost of goo"s sol" is 8+; of sales an"
en"ing in)entory is #aintaine" at 26( *lus 1; of the following #onth@s cost of goo"s sol"
All in)entory *urchases are *ai" %%; in the #onth of *urchase an" 8; in the following #onth
hat are the cash collections bu"gete" for 5une>
% Ma""en Cor*oration #anufactures t-shirts( which is its only *ro"uct The stan"ar"s for t-
shirts are as follows:
%a hat is the "irect labor rate )ariance for the #onth> !s it fa)orable or unfa)orable>
%b hat is the "irect labor efficiency )ariance for the #onth> !s it fa)orable or unfa)orable>
ACCT 346 Week 7 Homework Assignment
?our assign#ent this wee, is to answer the four questions below
1 o#e. Cor*oration is consi"ering two alternati)e in)est#ent *ro*osals with the
following "ata:
1a Bow long is the *aybac, *erio" for $ro*osal G>
1b hat is the accounting rate of return for $ro*osal ?>
% ?ou ha)e been awar"e" a scholarshi* that will *ay you 2+ *er se#ester at the en" of each
of the ne't se#esters that you earn a $A of 3+ or better ?ou are a )ery serious stu"ent an"
you antici*ate recei)ing the scholarshi* e)ery se#ester Esing a "iscount rate of 3; *er
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se#ester( which of the following is the correct calculation for "eter#ining the *resent )alue of
the scholarshi*> $F=A= TAT= B? ?E CB= TB= A=9 TBAT ?E D!D
3 Maers, Metal ta#*ing is analy.ing a s*ecial in)est#ent *roect The *roect will require the
*urchase of two #achines for 23( an" 2( /both #achines are require"0 The total
resi"ual )alue at the en" of the *roect is 21(+ The *roect will generate cash inflows of
211( *er year o)er its -year life
4 Binca*ie Manufacturing is e)aluating in)esting in a new #etal sta#*ing #achine costing
23(7%4 Binca*ie esti#ates that it will reali.e 21%( in annual cash inflows for each year ofthe #achine@s 3-year useful life
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