Reference no: EM132713771
Questions -
Q1. Sweet Manufacturing is planning to sell 400,000 hammers for $6 per unit. The contribution margin ratio is 20%. If Sweet will break even at this level of sales, what are the fixed costs?
A. None of these is correct
B. $480,000
C. $1,600,000
D. $1,920,000
E. $1, 120,000
Q2. During FY 2018, Baker Company reported sales of $400,000, a contribution margin of $8.00 per unit, fixed costs of $75,000, and net income of $40,000. Use this information to determine the number of units Baker sold during FY 2018. (Round answer to nearest whole number)
Q3. Baker Company has two service departments (Computer Operations & Maintenance Services). Baker has two production departments (Mixing Department & Packaging Department.) Baker uses a direct allocation method where service departments are allocated only to production departments. All allocations are based on total employees. Computer Operations has costs of $185,000 and Maintenance Services has costs of $145,000 before any allocations. What amount of Maintenance Services total cost is allocated to the Packaging Department? (round to closest whole dollar) Employees are:
Computer Operations 3
Maintenance Services 3
Mixing Department 4
Packaging Department 7
Q4. Baker Company has a policy of having sufficient direct materials inventory on hand at the end of each month equal to 20% of next month's budgeted production needs. The company has budgeted production of 7,500 units of product in June and 10,000 units in July. It takes 2 pounds of direct materials to produce one unit of product and 3,000 pounds of direct materials were on hand on May 31. How many pounds of direct materials should be purchased in the month of June?
A. 19,000 pounds
B. 16,000 pounds
C. 14,000 pounds
D. 18,000 pounds
E. 15,000 pounds
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