282) Sydney's Barbecue manufactures barbecue equipment for consumers and businesses in the marketplace. The managerial accountant at Sydney's Barbecue reported the following data: What is the average manufacturing cost per unit at Sydney's Barbecue? (Round your answer) A) $58 B) $68 C) $75 D) $85 E) $95 Answer: A Explanation: A) The average manufacturing cost per unit is $58. $3,500,000/60,000 = $58.33. Diff: 3 LO: 2-7 EOC: E2-41B AACSB: Analytical thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company's profits. 283) Sydney's Barbecue reported the following information: What is the amount of ending finished inventory for the period ending December 31, 20XX? A) $850,000 B) $860,000 C) $870,000 D) $880,000 E) $890,000 Answer: C Explanation: C) 60,000 units - 45,000 units = 15,000 units × $58 per unit = $870,000 Diff: 3 LO: 2-7 EOC: P2-43A AACSB: Analytical thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in and volume on a company's profits. 284) Stacy's Manufacturing Company manufactures parts to accommodate the needs of bicycle shops. The managerial accountant reported the following data: Compute the average manufacturing cost per unit. What is the amount of ending finished goods inventory? Answer: The average manufacturing cost per unit: $2,250,000 / 50,000 = $45.00. The amount of finished goods inventory: 50,000 units - 30,000 = 20,000 units × $45 = $900,000 Diff: 3 LO: 2-7
282) Sydney's Barbecue manufactures barbecue equipment for consumers and businesses in the marketplace. The managerial accountant at Sydney's Barbecue reported the following data: What is the average manufacturing cost per unit at Sydney's Barbecue? (Round your answer) A) $58 B) $68 C) $75 D) $85 E) $95 Answer: A Explanation: A) The average manufacturing cost per unit is $58. $3,500,000/60,000 = $58.33. Diff: 3 LO: 2-7 EOC: E2-41B AACSB: Analytical thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in costs and volume on a company's profits. 283) Sydney's Barbecue reported the following information: What is the amount of ending finished inventory for the period ending December 31, 20XX? A) $850,000 B) $860,000 C) $870,000 D) $880,000 E) $890,000 Answer: C Explanation: C) 60,000 units - 45,000 units = 15,000 units × $58 per unit = $870,000 Diff: 3 LO: 2-7 EOC: P2-43A AACSB: Analytical thinking Learning Outcome: Define and use cost-volume-profit analysis to analyze the effects of changes in and volume on a company's profits. 284) Stacy's Manufacturing Company manufactures parts to accommodate the needs of bicycle shops. The managerial accountant reported the following data: Compute the average manufacturing cost per unit. What is the amount of ending finished goods inventory? Answer: The average manufacturing cost per unit: $2,250,000 / 50,000 = $45.00. The amount of finished goods inventory: 50,000 units - 30,000 = 20,000 units × $45 = $900,000 Diff: 3 LO: 2-7
Test-Bank-for-Managerial-Accounting-4-E-4th-Edition.docx