Question: For Michael L, could you please help me answer these questions. Please see attached file. Thanks so much Managerial Accounting Chapters 1, 2 & 3

 For Michael L, could you please help me answer these questions.

For Michael L, could you please help me answer these questions. Please see attached file. Thanks so much Please see attached file. Thanks so much Managerial Accounting Chapters 1, 2

Managerial Accounting Chapters 1, 2 & 3 1) The following information pertains to three divisions of Conway, Inc. (amounts in millions): Sales Operating Income Investment Chemical Retail Paint Industrial $16,000 $30,000 $120,000 $4,000 $6,000 $40,000 $320,000 $660,000 $2,000,000 Which division is more profitable based on ROI? A) Chemical B) Retail paint C) Industrial D) Both Chemical and Retail paint are more profitable than Industrial. 5) P&G, Inc, sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of variable costs, and $17,500 of fixed costs. The number of units that must be sold annually to achieve $52,500 of profits is: A) 20,000 units. not sure I believe this one is the answer B) 15,000 units. C) 10,000 units. D) 5,000 units. Use the following information for Questions 6 & 7. The following annual information is for Fantastic Products, Inc: Revenue per unit: Variable cost per unit: Total fixed costs: Product X $10.00 $ 2.50 Product Y $15.00 $ 5.00 $100,000 6) If the sales mix consists of two units of Product X and one unit of Product Y, what is the break-even point in units for a year? I am confused between A and D A) 2,000 units of Y and 4,000 units of X B) 2,025 units of Y and 4,050 units of X C) 4,025 units of Y and 8,050 units of X D) 4,000 units of Y and 8,000 units of X 7) If the sales mix shifts to one unit of Product X and two units of Product Y, then the break-even point in units for a year will: A) increase. B) stay the same. C) decrease. D) be undeterminable. 8) When deciding to purchase a new cutting machine or continue using the old machine, the following costs are all relevant EXCEPT the: A) $100,000 cost of the old machine. B) $40,000 cost of the new machine. C) $20,000 disposal value of the old machine. D) $6,000 annual savings in operating costs if the new machine is purchased. 9) Hercules Chemical Company is considering replacing its existing computer system with a new computer system. The new system can offer considerable savings in computer processing and inventory management costs. Information about the existing system and the new system follow: Original cost Annual operating cost Accumulated depreciation Current salvage value of the existing system Remaining life in 5 years Salvage value in 5 years Annual depreciation Existing Computer $10,000 $ 3,500 New Computer $15,000 $ 2,000 $ 6,000 --- $ 4,000 5 years $ 0 --$ $ $ 3,000 2,000 0 Should Hercules replace the existing computer system with the new system? What are the cash flow savings or additional cost over the 5 years? Ignore income taxes. A) Yes replace, net savings of $5,000. B) Yes replace, net savings of $15,000. C) No do not replace, additional costs of $5,000. D) No do not replace, additional costs of $3,500. 10) Brando Company has three products, X, Y, and Z. The following information is available: Sales Variable costs Contribution margin Fixed costs: Avoidable Unavoidable Operating income Product X $30,000 18,000 12,000 Product Y $45,000 24,000 21,000 Product Z $12,000 7,500 4,500 4,500 3,000 $4,500 9,000 4,500 $7,500 3,000 2,700 $ (1,200) Assuming Product Z is discontinued and the space formerly used to produce the product is rented for $6,000 per year, operating income will: A) increase by $3,300. B) increase by $4,500. C) increase by $6,000. D) increase by $7,200. 3) Defect rates for products and yield percentages in manufacturing are measures of quality included in the ________ perspective of the Balanced Scorecard. A) financial B) production C) process Ans C D) internal 4) Manufacturing cycle efficiency is an example of a Balanced Scorecard's measure of the: A) process perspective. Ans A B) customer perspective. C) learning and growth perspective. D) financial perspective. These are my answers, just wanted to see if I was correct. Thanks. 3) Defect rates for products and yield percentages in manufacturing are measures of quality included in the ________ perspective of the Balanced Scorecard. A) financial B) production C) process Ans C D) internal 4) Manufacturing cycle efficiency is an example of a Balanced Scorecard's measure of the: A) process perspective. Ans A B) customer perspective. C) learning and growth perspective. D) financial perspective. These are my answers, just wanted to see if I was correct. Thanks

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!