ACCT 552 ENTIRE COURSE
ACCT 552 Week 1 Homework
1.You are on a tight budget and need to decide between the following 3 texting plans:
Plan A: Pay $0.10 per text
Plan B: Pay a fixed monthly fee of $15 for up to 500 texts per month and $0.08 for each text over the 500.
Plan C: Pay a fixed monthly fee of $25 for up to 1,000 texts per month and $0.05 for each text over the 1,000.
a.Draw a graph of the total monthly cost of the three plans for different levels of texting.
ACCT 552 Week 2 Homework Assignment
Please complete the below problems and submit your answers in the Week 2 Dropbox. See "Syllabus/Due Dates for Assignments & Exams" for due date information.
1.Success Manufacturing sold 540,000 units of its product for $72 per unit in 2011. Variable cost per unit is $54 and total fixed costs are $2,140,000.
a.Prepare the following:
i.Contribution margin income statement
2.Consider the following selected cost data for the Herbivore Manufacturing Company for 2011:
Budgeted manufacturing overhead costs $8,500,000
Budgeted machine hours 350,000
Actual manufacturing overhead costs $8,100,000
Actual machine-hours 335,000
ACCT 552 Week 3 Homework Assignment
ACCT 552 Week 4 Homework Assignment
ACCT 552 Week 5 Homework Assignment
Please complete the below problems and submit your answers in the Week 5 Drop Box. See "Syllabus/Due Dates for Assignments & Exams" for due date information.
- EM, Inc. private labels mini cupcakes for Starbucks. For April 2012, it budgeted to purchase and use 18,000 pounds of flour at $0.39 a pound. Actual purchases and usage for April 2012 were 22,000 pounds at $0.42 a pound. EM budgeted to produce 120,000 mini cupcakes. EM budgets to obtain 4 mini-cupcakes per pound of flour. Actual output was 132,000 mini cupcakes.
a.Compute the flexible-budget variance.
b.Compute the price variance.
c.Compute the efficiency variances.
Comment on the results for the requirements above and provide possible explanation for them
2.Kool Clothing is a manufacturer of designer dresses. The cost of each dress is the sum of three variable costs (direct materials cost, direct manufacturing labor costs, and manufacturing overhead costs) and one fixed-cost category (manufacturing overhead costs). Variable manufacturing overhead costs is allocated to each dress on the basis of budgeted direct manufacturing labor-hours per dress. For April 2012 each dress is budgeted to take five labor-hours. Budgeted variable manufacturing cost per labor hour is $15. The budgeted number of dresses to be manufactured in April 2012 is 1,250.
ACCT 552 Week 6 Homework Assignment
- Jersey Subs, Inc. wants to find an equation to estimate monthly utility costs. Jersey Subs has been in business for one year and has collected the following cost data for utilities:
2.Bolder Bikes, Inc. manufacturers mountain bike frames in Boulder Colorado. In 2012, they produced 24,000 frames at a total cost of $1,296,000. Frames Unlimited, Inc. has offered to supply as many frames as Boulder Bikes wants at a cost of $49.50. Boulder Bikes anticipates needing 26,000 frames each year over the next few years. Boulder Bikes uses historical cost data to come up with the following regression equation with total manufacturing costs of the frame as the dependent variable and frames produced as the independent variable:
ACCT 552 Week 7 Homework Assignment
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