Author: Anonymous

99. Name the structure:

58.  The great majority of parasympathetic impulses are carried by:

V&V Corporation manufactures 20,200 components per year.  Cost data follows: Direct Materials, $102,000         Variable Overhead, $61,000 Direct Labor, $162,000 Fixed Overhead, $81,000 Bev Enterprises has offered to manufacture the component for V&V Corporation for $18/unit.  If V&V purchases the component from Bev, the additional unused capacity could be rented out for $11,000.  If V&V outsources the production of the component, the effect on its net income would be:

 Love Haters Corporation reports the following cost information:     Total Costs Machine Hours January $2,100,000 3,100 February $1,900,000 2,700 March $1,200,000 1,100 Using the high-low method, estimated fixed costs are:

Serial Weightlifters Incorporated manufactures a single product that sells for $150 per unit and has variable costs of $110 per unit. The entity’s annual fixed costs are $484,000.  Calculate (A) the break-even point in units and (B) the amount of units necessary to be sold if the company is targeting after-tax income to be $250,000, given an average tax rate of 25%.  Label your answers, and round answers in units to the nearest unit.  SHOW YOUR WORK FOR POTENTIAL OF EARNING PARTIAL CREDIT IN THE CASE OF AN INCORRECT ANSWER.

V&V Company sells a product for $200 per unit with variable costs per unit of $130 and fixed costs of $420,000.  If the firm wants to earn $35,000 of pretax income, how many units must be sold?

Warhorse Enterprises breaks down its selling and administrative expense budget as follows:                                                             Office Supplies Expense                      $          1,000                                                             Office Wages Expense                                       17,000                                                             Depreciation Expense                                        4,000                                                             Miscellaneous Expense                                      6,000 On the company’s cash budget, the company should budget for selling and administrative expenses:

Rainmaker Enterprises the following information for October:               Job                   Beginning of Month Status        End of Month Status                 Total Allocated Costs             Job A                    In Process                                            Completed, Sold                           $153,000             Job B                    In Process                                            Completed, Not Sold                 $241,000             Job C                    Not Started                                        Completed, Sold                           $190,000             Job D                    In Process                                           In Process                                         $78,000   Overhead is applied at a rate of 125% of direct labor costs.  Actual Manufacturing Overhead was $120,000 for the month of October; $145,000 of overhead was applied to the four jobs (the total allocated costs above include the applied overhead).    Any under or overapplied overhead is adjusted directly to Cost of Goods Sold. The Work in Process account for Job D had a balance of $10,000 on October 1.  Direct materials used for Job D in October were $23,000.  What were direct labor costs assigned to Job D in October?

Local Domination, Incorporated produces two products:                                                      Units Produced/Sold     Selling Price (unit)        Variable Cost (unit)                      Product 1:                   4,900                                 $          21                               $          15                      Product 2:                   10,900                               $          19                              $          14   Fixed costs are $82,000, of which $21,000 can be directly traced to Product 1 and $46,000 can be directly traced to Product 2.  If Local Domination decides to drop Product 2, the company’s profits:

Rainmaker Enterprises the following information for October:               Job                   Beginning of Month Status        End of Month Status                 Total Allocated Costs             Job A                    In Process                                            Completed, Sold                           $153,000             Job B                    In Process                                            Completed, Not Sold                 $241,000             Job C                    Not Started                                        Completed, Sold                           $190,000             Job D                    In Process                                           In Process                                         $78,000   Overhead is applied at a rate of 125% of direct labor costs.  Actual Manufacturing Overhead was $120,000 for the month of October; $145,000 of overhead was applied to the four jobs (the total allocated costs above include the applied overhead).    Any under or overapplied overhead is adjusted directly to Cost of Goods Sold. Rainmaker Enterprises marks up product costs by 50% to determine sales prices of completed jobs.  For the month of October, Rainmaker Enterprises reports Gross Profit of: