1. The Winston Company specializes in the sales of crab legs. The crab legs sell for$15/pound, have variable costs of $10/pound, and total fixed costs of $5,000,000. Howmany pounds of crab legs must they sell to have $1,000,000 of operating income?A. 1,180,000 poundsB. 1,200,000 poundsC. 1,220,000 poundsD. 1,280,000 pounds2. Mariota Inc. sells Hawaiian Shirts. Lately demand for his product has declined. Thecurrentselling price is $20/shirt and variable costs are $15/shirt. At the breakeven point fixedcosts are$250,000. What must the sales in dollars be for Mariota to earn $120,000 of operatingincome?A. $1,400,000B. $1,440,000C. $1,480,000D. $1,500,0003. Manziel Industries needs to sell 110,000 units this year to breakeven. Each unit sellsfor $50 and variable costs per unit are $30. Fixed costs are $2,200,000. Based on youranalysis they should sell 150,000 units this year. The margin of safety in dollars isA. $800,000B. $1,000,000C. $1,200,000D. $1,400,000Use the following to answer questions 4 â 7.Davis Inc. expects to sell 20,000 pool cues for $12.00 each. Direct materials costs are$2.00, direct manufacturing labor is $4.00, and manufacturing overhead is $0.80 per pool cue.The following inventory levels apply to 2016: 2024 – Do my homework – Help write my assignment online:Beginning inventory Ending inventoryDirect materials24,000 units24,000 unitsWork-in-process inventory0 units0 unitsFinished goods inventory2,000 units2,500 units4. On the 2016: 2024 – Do my homework – Help write my assignment online budgeted income statement, what amount will be reported for sales?A. $240,000B. $246,000C. $312,000D. $318,0005. How many pool cues need to be produced in 2016: 2024 – Do my homework – Help write my assignment online?A. 22,500 cuesB. 22,000 cuesC. 20,500 cuesD. 19,500 cues6. On the 2016: 2024 – Do my homework – Help write my assignment online budgeted income statement, what amount will be reported for cost ofgoods sold?A. $139,800B. $136,000C. $132,600D. $153,0007. What are the 2016: 2024 – Do my homework – Help write my assignment online budgeted costs for direct materials, direct manufacturing labor, andmanufacturing overhead, respectively?A. $48,000; $96,000; $19,200B. $44,000; $88,000; $17,600C. $41,000; $82,000; $16,400D. $40,000; $80,000; $16,0008. Under an activity-based costing (ABC) system, the only activity which typically doesrelate to the volume of units produced isA. product-level activitiesB. batch-level activitiesC. customer-level activitiesD. unit-level activities9. Which following statement is most true regarding segment profitability analysisreporting?A. upstream and downstream costs in the value chain are omitted from the analysisB. all fixed costs are traced directly to each segmentC. segment reporting should only be used in multinational corporationsD. segments should be defined by product lines only10. When comparing the operating incomes between absorption costing and variablecosting, with all costs and selling price remaining the same in each period, and endingfinished inventory exceeds beginning finished inventory, it may be assumed thatA. sales decreased during the periodB. the variable costs per unit is more than fixed costs per unitC. absorption costing operating income exceeds variable costing operating incomeD. variable costing operating income exceeds absorption costing operating incomeProblem II â 20 PointsThe Brownâs Draft Bust Company sells ten different styles of relatively inexpensivefootball jerseys with identical costs and selling prices. Brown is trying to determine thedesirability of opening another store, which would have the following expense andrevenue relationships (variable data on a per unit basis, fixed expenses in total):Variable data: Selling Price $40.00; Cost of Shirt $18.00; Sales Commissions $7.00Annual fixed expenses: Rent $80,000; Salaries $150,000; Other fixed expenses $70,000Required (ignore income taxes for all parts):1. What is the annual breakeven point in dollar sales and units?2. If 21,000 jerseys are sold, what would be the stores operating income (loss)?continued3. Refer to the original data. If Brown decided to do away with sales commissions andincrease salespersons salaries by $140,000 per year, what would be the point ofindifference, in units, between the two alternatives? That is, at what point would the twooperating incomes (current and proposed) be the same?4. Brown has been approached by the Bear Advertising Agency to do their advertising. IfBrown signs a contract for $150,000 for Bear to handle their account, how manyadditional units will have to be sold to cover the cost of the advertising?Problem III â 15 PointsPart A â 5 PointsSalinger Inc., budgeted sales of 30,000 units of its product in January, 2016: 2024 – Do my homework – Help write my assignment online. Budgetedinventory balances are:January 1January 31Finished Goods (units)6,5005,600Required:What is the expected production in units for January, 2016: 2024 – Do my homework – Help write my assignment online?Part B â 10 PointsPynchon Enterprises expects to make the following sales revenue in the first quarter ofthe calendar year 2016: 2024 – Do my homework – Help write my assignment online as follows:JanuaryFebruaryMarchSales$180,000$135,000$162,00025% of the sales are on account (accounts receivable), while the other 75% are for cash.The collection pattern for Pynchon’s accounts receivable follows:Collections for:Current month’s credit sales……….. 50%First month after credit sales………. 30%Second month after credit sales….. 18%Uncollectible Accounts Receivable..2%Required:How much will the expected cash receipts amount to for only the month of March, 2016: 2024 – Do my homework – Help write my assignment online?Problem IV â 25 PointsWinesburg Decorative Home Goods produces and sells a decorative pillow for $97.50 perunit. In the first month of operation, 2,000 units were produced and 1,750 units were sold.Actual fixed costs are the same as the amount budgeted for the month. Other informationfor the month includes:Variable manufacturing costsVariable marketing costsFixed manufacturing costsAdministrative expenses, all fixedEnding inventories:Direct materialsWIPFinished goods$22.10 per unit$3.90 per unit sold$13.00 per unit produced$39,000 total-0-0250 unitsRequired:1. What is the product cost per unit using variable costing? Using absorption costing?Variable Costing Product CostAbsorption Costing Product Cost2. What is the total contribution margin using variable costing?continued3. What is the operating income using variable costing?4. What is the operating income using absorption costing?5. Reconcile the difference between the operating income using absorption costing andthe operating income using variable costing. (HINT: All you need to do is multiply twonumbers together; the product should be equal to the difference in the net incomes.)
Medication Reconciliation Errors: A Persistent Threat to Patient Safety.
Medication Reconciliation Errors: A Persistent Threat to Patient Safety. Improving Medication Administration Errors in the Clinical Setting Medication administration errors (MAEs) are a persistent problem in healthcare settings, compromising patient safety and quality of care. As a nursing professional, I have witnessed MAEs during my clinical rotations, and it is alarming to note that these […]
