Haft Construction Company determines that 54,000 pounds of direct materials are needed for production in July. There are 3,200 pounds of direct materials on hand at July 1 and the desired ending inventory is 2,800 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?

160,08 More test answers on https://studyhippo.com/managerial-final-quiz-questions/

Jones Corporation is preparing an aggregate production plan for washers for the next four quarters. The company’s expected quarterly demand is given in the following chart. The company will have 1,000 washers in inventory at the beginning of the year and wishes to maintain at least that number at the end of each quarter. Following is other critical data: Production cost per unit = $250 Inventory carrying cost per quarter per unit = $10 (based on quarter-ending inventory) Hiring cost per worker = $1,000 Firing cost per worker = $2,000 Beginning number of workers = 10 Each worker can produce 100 units per quarter. Any worker on the staff at the end of the year will not be fired at that time. Given this data, what is the inventory carrying cost of a LEVEL plan? Regular production will vary each month. 5,000 units 4,000 units 6,000 units

$70,000 Inventory carrying cost = 7,000 × 10/unit = $70,000 More test answers on https://studyhippo.com/op-chapter-13-sales-and-operations-planning/

Which of the following describes the behavior of the fixed cost per unit?

Decreases with increasing production More test answers on https://studyhippo.com/acc-ii-3/

Which of the following describes the behavior of the fixed cost per unit:

Decreases with increasing production. More test answers on https://studyhippo.com/acct-ch-11/

Vendor analysis has the greatest potential for savings for items which have: high cost per unit. low annual cost-volume. low cost per unit. high annual usage. high annual cost-volume.

high annual cost-volume. More test answers on https://studyhippo.com/opmt-ch-15/

which of the following is not a reason for a direct materials quantity variance? a. spoilage of materials b.purchasing of inferior raw materials c.increased material cost per unit d.malfunctioning equipment

c. increased material cost per unit More test answers on https://studyhippo.com/acc102-ch-6-8/

Which of the following describes the behavior of the fixed cost per unit? A. decreases with increasing production B. decreases with decreasing production C. remains constant with changes in production D. increases with increasing production

A. decreases with increasing production More test answers on https://studyhippo.com/chapter-21-quiz-219/

Douglas Industries produced 5,500 units of product that required 2.5 standard hours per unit. The standard fixed overhead cost per unit is $2.20 per hour at 13,500 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. $250 favorable $250 unfavorable $550 favorable $550 unfavorable

$550 favorable Feedback: [13,500 hrs. – (5,500 units × 2.5 hours)] × $2.20 = $550 favorable. More test answers on https://studyhippo.com/accounting-chapter-22-performance-evaluation-using-variances-from-standard-costs/

Suppose that a plant manager uses economic batch sizes for production of a product. Suppose further that the setup cost is $50 per batch, the holding cost per unit per year is $10, the annual demand is 30,000 units, the firm operates (and experiences demand) 300 days per year, and the production rate per day is 1,000 units. What will be the maximum inventory level that this product ever reaches?

P = 1,000 units D = 30,000 / 300 = 100 S = $50 Q = √(2DS/(H(1- D/P))) = 577 Imax = Q(1-(D/P)) = 577(1-(100/1000)) = 519 More test answers on https://studyhippo.com/operations-management-tests/

Jordan Industries produced 6,000 units of product that required 1.5 standard hours per unit. The standard fixed overhead cost per unit is $2.05 per hour at 9,500 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. $7,175 favorable $7,175 unfavorable $1,025 favorable $1,025 unfavorable

$1,025 unfavorable Feedback: Actual hours should be multiplied by standard hours per unit to determine the fixed factory overhead volume variance. More test answers on https://studyhippo.com/accounting-chapter-22-performance-evaluation-using-variances-from-standard-costs/

Cost Per Unit test questions and answers | Get Access To Cost Per Unit Flashcards and exam tests

Cap And Trade Cost Per Unit International Organization For Standardization Managerial Decision Making Principles Of Marketing Public Interest Groups

BA 360 Ch 5s – Flashcards 45 terms

Chad Lipe

45 terms

Preview

Blue Ocean Strategy Cost Per Unit Finance Human Resource Management International Marketing Principles Of Marketing Strategic Management

4700 Chapter 6 – Flashcards 110 terms

Carol Rushing

110 terms

Preview

Cost Per Unit Earnings Per Share Finance Fixed And Variable Costs Time Value Of Money

CS1: Managerial Accounting Questions – Flashcards 32 terms

Daphne Armenta

32 terms

Preview

Accounting Cost Per Unit Direct Labor Cost Finance Financial Accounting Intermediate Accounting 1 Materials

ACCT 2301 Ch.2 Concepts – Flashcards 71 terms

Noel Macdonald

71 terms

Preview

Business Management Cost Per Unit Direct And Indirect Costs Earned Value Management Finance Project Management Institute

IEN Exam #2 – Flashcards 75 terms

Brad Bledsoe

75 terms

Preview

Cost Per Unit Finance

Introduction to Management Accounting, Horngren, 15th edition – Flashcards 58 terms

Richard Molina

58 terms

Preview

Backward Vertical Integration Cost Per Unit Demand For The Product Non Value Added Activities Planning And Analysis Third Party Logistics Weighted Moving Average

Supply Chain Management 4230 Test1 – Flashcards 77 terms