BUS-187 Exam 2

Card Set Information

Author:
Anonymous
ID:
43668
Filename:
BUS-187 Exam 2
Updated:
2010-10-20 07:48:10
Tags:
Accounting
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Description:
Chapters 16-18
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  1. Units Completed and Transferred Out + Equivalent Units of Ending Work in Process
    Equivalent Units of Production
  2. Units Completed and Transferred Out-Materials + Equivalent Units of Ending Work in Process-Materials
    Equivalent Units of Production - Materials
  3. Units Completed and Transferred Out-Conversion Costs + Equivalent Units of Ending Work in Process-Conversion Costs
    Equivalent Units of Production - Conversion Costs
  4. Total Materials Cost ÷ Equivalent Units of Materials
    Unit Materials Cost (Answer in $)
  5. Total Conversion Costs ÷ Equivalent Units of Conversion Costs
    Unit Conversion Cost (Answer in $)
  6. Unit Materials Costs ÷ Unit Conversion Cost
    Total Manufacturing Cost per Unit (Answer in $)
  7. Estimated Manufacturing Overhead ÷ Estimated Overhead per Activity
    Predetermined Overhead Rate - Traditional Approach (Answer in %)
  8. Estimated Overhead per Activity ÷ Expected Use of Cost Drivers per Activity
    Activity-Based Overhead Rate (Answer in $)
  9. Sales - Costs
    Operating Income
  10. Change in Total Costs ÷ High minus Low Activity Level
    Variable Cost per Unit
  11. Unit Selling Price - Unit Variable Costs
    Contribution Margin per Unit (Answer in $)
  12. Contribution Margin per Unit ÷ Unit Selling Price;
    (Unit Selling Price - Unit Variable Costs) ÷ Unit Selling Price
    Contribution Margin Ratio (Answer in %)
  13. Variable Costs + Fixed Costs + Net Income
    Sales (Answer is "Q" in Units)
  14. Fixed Costs ÷ Contribution Margin per Unit;
    Fixed Costs ÷ (Unit Selling Price - Unit Variable Costs)
    Break-even Point in Units
  15. Fixed Costs ÷ Contribution Margin Ratio;
    Fixed Costs ÷ (Contribution Margin per Unit ÷ Unit Selling Price);
    Fixed Costs ÷ [(Unit Selling Price - Unit Variable Costs) ÷ Unit Selling Price]
    Break-even Point in Dollars
  16. Variable Costs + Fixed Costs + Target Net Income

    Ex.
    $500Q = $300Q + $200,000 + $120,000

    Where: Q = sales volume; $500 = selling price; $300 = variable costs per unit; $200,000 = total fixed costs
    Required Sales
  17. (Fixed Costs + Target Net Income) ÷ Contribution Margin per Unit;
    (Fixed Costs + Target Net Income) ÷ (Unit Selling Price - Unit Variable Costs)
    Required Sales in Units
  18. (Fixed Costs + Target Net Income) ÷ Contribution Margin Ratio;
    (Fixed Costs + Target Net Income) ÷ (Contribution Margin per Unit ÷ Unit Selling Price);
    (Fixed Costs + Target Net Income) ÷ [(Unit Selling Price - Unit Variable Costs) ÷ Unit Selling Price]
    Required Sales in Dollars
  19. Actual (Expected) Sales - Break-even Sales
    Margin of Safety in Dollars
  20. Margin of Safety in Dollars ÷ Actual (Expected) Sales;
    [Actual (Expected) Sales - Break-even Sales] ÷ Actual (Expected) Sales
    Margin of Safety Ratio

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