Cuny acct 3200 Study guides, Class notes & Summaries

3F Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company’s inventory balances were as follows: Raw materials $40,000 Work in process $   18,000 Finished goods $35,000 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company’s predetermined overhead rate of $16.25 per direct labor-hour was based on a cost formula that estimated $650,000 of total manufacturing overhead for an estimated a...

ACC 3200 Practice Questions for the Final – Summer 2019 1. Sen Company’s standard requires 3 direct labor hours for each unit produced and pays $10 per hour. During the last month, the company produced 1000 units of product and paid a total $32,340 direct labor salary. The labor efficiency variance was $600 favorable. What was direct labor rate variance? A) $5,880 Unfavorable B) $7,920 Unfavorable C) $3,960 Unfavorable D) $2,940 Unfavorable 2. Dan Corporation uses a standard costing ...

ACC 3200 Practice Problems for the Final Exam 1. The following data refers to the Daniels division of Tippett Inc. Daniels sells variable-speed drills. The standard drill sells for $ 40, and Daniels plans sales of 30,000 units in 2005. Tippett treats Daniels as an investment center with total attributable investment of $ 800,000. Daniels' annual fixed costs are $ 200,000. Variable cost per standard drill is $ 24. The firm's required rate of return on investment is 15%. The manager is eval...

ACC 3200 Practice Final – Summer 2012 Answer the following three questions using information regarding Hoeper Clinic: Hoeper Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 2,600 clientvisits, but its actual level of activity was 2,650 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January: 1. Determine Hoeper’s revenue variance for the month (rounded): A. $3...

Sample Final Exam ACC 32001. The following data refers to the Daniels division of Tippett Inc. Daniels sells variable-speed drills. The standard drill sells for $ 40, and Daniels plans sales of 30,0 00 units in 2005. Tippett treats Daniels as an investment center with total attributable investment of $ 800,000. Daniels' annual fixed costs are $ 200,000. Variable cost per standard drill is $ 24. The firm's required rate of return on investment is 15%. The manager is evaluated based on Residual ...