For Exercises and Problems In

CHECKLIST OF KEY FIGURES

Volume II

For Exercises and Problems in

Kimmel, Weygandt, and Kieso

Accounting, Tools for Business Decision Making, Third Edition

Chapter 14

Exercises

14-2 (a) DM 5, 10.

(b) DL 1, 6.

14-4 (a) $166,350; (c) $72,140.

14-5 (a) 3, 7; (c) 1, 2, 4, 9, 10.

14-7 (a) $35,100.

14-8 (a) CGM $303,500.

14-9 Total manfg. costs $381,000.

14-10 (a) $82,150; (c) $36,225; (e) $242,500.

(g) $21,700; (i) $267,000.

14-11 (b) $17,000; (d) $60,000; (f) $225,000;

(h) $63,000.

14-12 (a) $62,500; (b) $27,100.

14-13 (a) $17,300.

14-14 CGM $517,300.

14-15 (a) 1, 2, 3, 5, 6, 7, 9, 10, 13, 14, 15, 16.

(b) 4, 8, 10, 11, 12.

14-16 (a) $124,800; (b) $26,100.

14-17 (a) RM $3,150; FG $9,315;

CGS $27,945.

Problems

P14-1A (a) DM $75,000; DL $43,000; MO $18,100; PC $22,100.

P14-2A (a) DM $96,200; DL $78,000; MO $17,050; PC $8,500.

P14-3A (a) $20,600. (e) $7,400. (h) $7,000. (b) CGM $17,000.

P14-4A (a) Cost of goods manufactured $367,910. (b) Gross profit $181,790. (c) Total current assets $213,100.

P14-5A (a) Cost of goods manufactured $572,200. (b) Net income $9,000.

P14-6A (b) CGM $657,300. (c) NI $87,600; total assets $735,100.

P14-1B (a) DM $20,000; DL $44,000; MO $17,100; PC $11,700.

P14-2B (a) DM $46,000; DL $52,000; MO $13,350; PC $6,000.

P14-3B (a) $17,300. (e) $4,900. (k) $21,500. (b) CGM $15,800.

P14-4B (a) CGM $299,900. (b) Gross profit $165,400. (c) Total current assets $185,000.

P14-5B (a) CGM $478,000. (b) Net income $20,500.

Chapter 15

Exercises

15-1 (a) Total labor $72,000.

(b) Work in process $61,200.

15-2 (b) Job 430 $10,100; Job 431 $18,080.

15-3 (a) (1) $15,500; (2) 75%, 80%.

15-4 (a) $63,150; (c) $9,200; (e) $305,000;

(g) $308,700; (i) $68,850; (k) $9,000.

15-5 (a) $2.44/mh; (b) $4,800 underapp.

15-6 (a) (2) 125%; (3) Total cost $7,885.

15-7 6. $72,000.

15-8 Completed jobs $234,430.

15-9 (a) Cost of goods manfg. $131,200.

(b) Gross profit $65,700.

15-10 (a) $9,300, $17,600, $8,500.

(b) $1,200, $9,600, $20,200.

15-11 (b) $6,720.

15-12 (a) $9,960 (Gonzalez).

15-13 (b) $972,000.

Problems

P15-1A (e) Job 50 $70,500. (g) $101,500.

P15-2A (a) $169,000; Job: 7642 $169,000. (c) Gross profit $156,600.

P15-3A (c) $3,800; Job: Elgin $3,800. (d) Cost of goods manufactured $14,740.

P15-4A (b) $344,000, $368,000, $188,300. (c) $5,000, $(8,000), $1,200.

P15-5A (a) $7,600. (d) $7,040. (h) $57,100. (l) $3,665.

P15-1B (e) Job 25 $37,400; Job 26 $49,600. (g) $37,200.

P15-2B (b) $3,000. (c) Gross profit $164,500.

P15-3B (c) $7,475; Job: Bennett $7,475. (d) Cost of goods manufactured $20,525.

P15-4B (b) $212,000, $191,000, $190,000. (c) $4,000, $5,000, $(3,500).

P15-5B (a) $78,900. (d) $80,000. (g) $5,450. (j) 267,750.

Chapter 16

Exercises

16-3 (a) 300; (c) $4.50; (e) $1,980.

16-4 6. $51,000.

16-5 (b) Jan. 9,000 M; 8,200 CC.

May 21,000 M; 20,000 CC.

16-6 (a) 12,000 M; 10,800 CC.

(b) T/O $63,000; WIP $17,100.

16-7 Unit costs: M $2.20; CC $5.00.

T/O $86,400; WIP $9,600.

16-8 (a) 15,000 M; 14,400 CC.

(c) T/O $1,260,000; WIP $72,000.

16-9 (b) M $2.00; CC $5.50.

(c) T/O $225,000; WIP $25,200.

16-10 (b) M $1.10; CC $3.50.

(c) T/O $312,800; WIP $76,800.

16-11 (a) M 20,000; CC 15,500.

(c) T/O $537,900; WIP 62,300.

16-13 M $2.64; CC $2.00.

T/O $227,360; WIP $79,040.

16-14 (b) 590 M; 555 CC.

16-15 (b) T/O $26,087; WIP $4,313.

16-16 (b) Started & comp. $20,134; WIP $3,807.

16-17 (b) T/O $72,000; WIP $6,600.

16-18 (a) (2) 13,000.

(c) T/O $208,800; WIP $9,400.

16-19 (c) 1,260; (e) $4,800; (f) $3,900.

16-20 53,500 CC; T/O $241,175; WIP $90,000.

Problems

P16-1A ( c) M $9.90. CC $8.50. (d) T/O $331,200. WIP $30,000.

P16-2A T12:

(a) (1)T/O 17,000;

WIP 3,000;

(2)M 20,000;

CC 18,800;

(3)M $19;

CC $18;

(4)T/O $629,000;

WIP $89,400.

P16-3A N/A

P16-4A (b) T/O $2,165,500, WIP $63,500.

P16-5A Materials

(a) (1)1,500 e.u. (2)M $2.10. (3)T/O $4,590; WIP $1,800.

P16-6A (a) M $1.50. (b) T/O $286,000; WIP $59,000.

P16-7A (a)(2) M $50. (3) T/O $109,680. WIP $14,800.

P16-1B (c) M $17.00. CC $10.00. (d) T/O $810,000. WIP $105,000.

P16-2B R12:

(a) (1)T/O 16,000;

WIP 4,000.

(2)M 20,000;

CC 19,000.

(3)M $42;

CC $35.

(4)T/O $1,232,000;

WIP $273,000.

P16-3B N/A

P16-4B (b) T/O $1,240,000. WIP $114,400.

P16-5B Materials:

(a)(1) 1,500 e.u. (2) M $40. (3) T/O $90,000; WIP $27,600.

P16-6B (b) M $2.00. (b) T/O $275,500. WIP $24,500.

P16-7B (a)(2) M $1. (3) T/O $3,865. WIP $1,035.

Chapter 17

Exercises

17-1 (b) $200/setup hr.

(c) ABC-stan. $120,000.

17-2  (c) 540X 3.45%; 249S (30.77%).

17-3 (a) Wool $550,000.

(b) Wool $450,000.

17-4 (c) Car: Assem. $160,000;

Truck: set. up $144,000.

17-5 (a) Com.: sched. $60; $60,000.

(b) Resi.: $45,000.

17-6 (b) (1) (a) $450;

(2) (b) $743.75.

17-11  (b) Instru. $680; gauges $185.

17-12  (a) (2) $328,400.

17-13  (a) (2) $11,940.

17-16  Value-added 5.5 hrs.

17-18 Product: 2, 4-5; unit: 8-10

Problems

P17-1A (a)Unit cost-H.M. $60.90. (c) Cost assigned-H.M. $1,031,300. (d)Cost/unit-H.M. $56.60.

P17-2A (a)Royale $3,925,000. (b) Cost/unit-Royale $977.

P17-3A (b)Cost/stair $1,199.82. (c) Cost/stair $1,005.54.

P17-4A (a)Cost/liter-C.D. $1.001. (c) Cost/liter-C.D. $0.241.

P17-5A (b)Cost assigned-tax $362,337. (d) Difference – Audit $42,337.

P17-1B (a)Unit cost-Dryer $21.40. (c) Cost assigned-Dryer $205,050. (d) Cost/unit-Dryer $22.88.

P17-2B (a)Ice House $560,000. (b) Cost/unit-Ice House $28.70.

P17-3B (b)Cost/Kitchen $12,850. (c) Cost/Kitchen $10,932.64.

P17-4B (a)Cost/gal.-S.D. $2.838. (c) Cost/gal. S.D. $0.704.

P17-5B (b)Cost assigned-Farm $89,300. (d) ABC-Pets 66%.

Chapter 18

Exercises

18-2 ( c) $2.

18-3 (a) $900 + $5 per mach. hour.

18-5 (a) $1,480 + $.44 per mach. hour.

18-6 (b) $9.80 VC per unit.

18-8 (a) 55%

(b) $6,720

18-9 (1) $10,200 FC.

18-10 (a) $23,940 CM.

18-11 (a) 1. $20,300.

18-12 (a) $4.90; 30%; (b) $21,000.

18-13 (a) Net inc. $28,600.

18-14 (a) 12,000; (c) $155.

18-15 1. $85,000; 3. $60,000.

18-16 (b) (1) 500,000; (2) $2,000,000.

(c) (1) $500,000; (2) 20%.

Problems

P18-1A (a) V $6, F $6,800. (b) 1,700 units, $17,000.

P18-2A (a) CM $612,000. (b) (1) 2,400,000. (2) $1,200,000.

P18-3A (a) $2,800,000. (b) (1) $2,130,435.

P18-4A Current

(a) 15,000. (b) 25%. (c) New NI $80,000.

P18-5A Current

Contrib. margin:

(a) (1) $400,000. (c) 3,144,000.

P18-1B (a) V $4, F $9,000. (b) 1,500 units, $15,000.

P18-2B (a) CM $640,000. (b) (1) 2,800,000. (2) $1,400,000.

P18-3B (a) $1,900,000. (b) (1) $1,520,000.

P18-4B Current

(a) 12,000. (b) 25%. (c) New NI $60,000.

P18-5B Current

Contrib. margin:

(a) (1) $720,000. (c) $4,646,667.

Chapter 19

Exercises

19-1 (b) (1) $25,000.

19-2 (a) $21,000 CM.

19-3 1. $50,000 NI.

19-4 (c) $9,450 NI.

19-5 (b) $363,500 NI.

19-6 170,370 units.

19-7 (a) $47,058,824.

19-8 (a) $60,000,000.

19-9 (a) 20,000 units.

19-10 (b) .31.

(d) TV $240,000.

19-11 (c) 1. $3,250 Tot. CM.

19-12 (c) $56,000 Tot. CM.

19-13 (c) 1. $42,000 Tot. CM.

19-14 (a) Bozeman 3.467.

(b) Billings $182,000.

19-15 (b) Manual $260,000.

(c) Computer. .27.

19-16 (b) Old: 10% (13.3%);

5% 6.65%.

19-17 (b) $(42,750) NL.

19-18 (a) $14,400.

19-19 (b) $139,440.

Problems

P19-1A (a) $1,920,000. (b) 2. $1,754,839.

P19-2A Cur. CM (a) (1) $400,000. (e) (1) $528,000.

P19-3A (b) Econ. $36.

P19-4A (b) Total sales $3,750,000. (c) Total sales $5,909,091.

P19-5A (c) Net income – Old $94,000. (d) Net income – New ($14,000).

P19-6A (b) 2010 net income $2,400,000.

P19-7A (a) Net income – 50,000 units $360,000.

P19-1B (a) $2,765,957. (b) 2. $2,678,571.

P19-2B Cur. CM (a) (1) $720,000. (e) (1) $888,000.

P19-3B (b) Econ. $135.

P19-4B (b) Total sales $1,480,392. (c) Total sales $1,986,842.

P19-5B (c) Net income – Retro $110,000. (d) Net income – Modern ($40,000).

P19-6B (b) 2010 net income $460,000.

P19-7B (a) Net income – 60,000 units $330,000.

Chapter 20

Exercises

20-2 For 6 months: Total units 72,000; Total sales $1,215,000.

20-3 Total rev. – Q 1: $596,000; Q 3: $490,000.

20-4 Required prod. units: HD-240, 30,750 units.

20-5 Total cost of dir. mat. purchases: Jan. $56,400; March $28,200.

20-6 (a) Required prod. units 11,600.

(b) Total cost of dir. mat. purchases $150,900.

20-7 Total dir. labor cost $2,744,000.

20-8 Total overhead $439,200.

20-9 Total sell. and admin. expenses $130,200.

20-10 (b) Total cost of dir. mat. purchases $67,200.

20-11 Net income $196,000.

20-12 End. cash balances: January $26,000, February $20,000.

20-13 Borrowings $13,500.

20-14 (a) Total collections $233,400.

20-15 (a) (1) Total collections $327,000.

(2) Total payments $42,600.

20-16 Borrowings $12,000.

20-17 (a) Merchandise purchases: June $378,000.

(b) Gross profit $150,000.

Problems

P20-1A Net income $600,250; Standard cost per bag $33.75.

P20-2A (a) Total sales $13,000,000. (b) Required production units: JB 50--395,000. (e) Net income $1,470,000.

P20-3A (c) Unit cost : Plan A $6.75. (d) Gross profit: Plan A $1,254,000.

P20-4A (a) January collections $323,000. (b) Ending cash balance: January $54,000; February $50,000.

P20-5A (a) Purchases: May $612,000. (b) Net income: May $46,970; June $54,250.

P20-6A Net income $35,350. Total assets $146,550.

P20-1B Net Income $420,000; Standard cost per bag $45.00.

P20-2B (a) Total sales $11,400,000. (b) Required production units; LN 35-310,000.

P20-3B (c) Unit cost: Plan A $5.50. (d) Gross profit: Plan A $1,323,000.

P20-4B (a) January: collections $296,000; Payments: $87,000. (b) Ending cash balance: January $52,000; February $50,000.

P20-5B (a) Purchases: July $264,000; August $296,000. (b) Net income: July $44,450; August $53,900.

Chapter 21

Exercises

21-3 Total costs: 7,000 DLH, $19,600;

8,000 DLH, $21,500.

21-4 (a) Budget $23,400; Actual $22,500.

(b) Budget $22,450; Actual $22,500.

21-5 Total expenses: Sales $170,000, $65,800; Sales $180,000, $67,200.

21-6 (a) Budget $65,800, Actual $66,800.

(b) Budget $67,200, Actual $66,800.

21-7 (a) Budget $92,000, Actual 93,200.

(b) Budget $77,000, Actual 78,000.

21-8 (a) Difference $1,250 F; (b) No.

21-9 (a) Difference $700 F.

21-10 (a) Fabricating $40,000 + $2.20;

Assembling $30,000 + $1.60.

(b) Fabricating $156,600;

Assembling $105,200.

21-11 (a) $700 F; (b) $6,300 U; (c) $8,800 U.

21-12 (a) Difference $4,350 U.

21-13 (a) (1) $140,000; (3) $120,000; (5) $84,000.

(b) 10,000 U.

21-14 (a) Difference $28,000 F.

21-15 (a) 9%; (b) (1) 11.2%, (2) 11%,

(3) 9.4%.

21-16 (a) ROI – Actual 12.5%

21-17 Planes: Contl. mar. $3,000,000; Serv. rev.

$10,000,000.

21-18 (a) ROI – North 15%.

(b) RI – West $80,000.

21-19 (a) $800,000.

(c) $330,000.

Problems

P21-1A (a) Total costs: 27,000 DLH, $45,500; 36,000 DLH, $54,500. (b) Budget $45,500; Actual $46,570.

P21-2A (a) Total costs: 35,000 DLH, $57,000. (b) Budget $66,800; Actual $70,160.

P21-3A (c) Budget $215,200; Actual $216,510.

P21-4A (a) Contribution margin $94,000 F; Controllable margin $86,000 F.

P21-5A (a) Controllable margin: Budget $660; Actual $675. (c) (1) 18.7%.

P21-6A (a) (1) $12,300 U. (2) $27,800 U.

P21-7A (a) (1) ROI 20%.

P21-1B (a) Total costs: 18,000 DLH, $26,550; 24,000 DLH, $31,650. (b) Budget

$28,250; Actual $26,830.

P21-2B (a) Total costs: 22,500 DLH, $81,500; 30,000 DLH, $99,500. (b) Budget $93,500; Actual $90,000.

P21-3B (c) Budget $128,000; Actual $132,400.

P21-4B (a) Contribution margin $122,000 U; Controllable margin $120,000 U.

P21-5B (a) Controllable margin: Budget $880; Actual $700. (c) (1) 18.2%.

Chapter 22

Exercises

22-1 (b) Standard cost $29.90.

22-2 Standard cost $4.47.

22-3 Standard cost $67.05.

22-4 (b) Standard rate $13.50.

22-5 (a) P $8,400 F; Q $5,000 U.

(b) P $5,240 U; Q $4,000 F.

22-6 (b) P $4,080 U; Q $9,600 U.

(c) P $6,120 F; Q $14,700 F.

22-7 MP $190 U; MQ $150 U;

LP $280 F; LQ $120 U.

22-8 (a) MP $2,450 F; MQ $3,250 U;

LP $4,200 U; LQ $1,200 F.

22-9 TQ $400 U; TP $820 U.

22-10 TV $9,000 U.

22-11 (a) F $6.

(b) $720,000.

22-12 MP $600 F; MQ $800 U.

22-13 (a) TP $65 F.

22-14 Quan. purch. 26,000.

22-15 NI $7,400.

22-17 MPV $3,600 U; MQV $1,720 U;

LPV $10,640 F; LQV $1,100 F;

Overhead applied $84,700.

22-18 (a) $130,000; (b) $127,000 (c) $141,500;

(d) $139,100; (e) $166,200.

22-19 MP $190 U; MQ $150;

LP $280 F; LQ $120.

22-20 (a) T $3.20; F $1.20; V $2.00.

(b) T $2,800 U; CV $2,200 U; VV $600 U.

22-21 (a) (1) Total over. $32,700;

(5) VV $1,200 U.

22-22 (a) TV $800 U; CV $1,200 U;

VV $400 F.

Problems

P22-1A MPV $1,530 U; MQV $1,400 U; LPV $3,500 U.

P22-2A (a) MPV $2,650 U; MQV $1,200 U; LPV $7,200 U. (c) NI $29,250.

P22-3A (a) TMV $14,230 F; MPV $18,100 F; LPV $8,580 U.

P22-4A (a) $.94. (b) 4.5 pounds. (c) 42,000. (d) 42,600.

P22-5A (a) MPV $305 F; MQV $75 U; LPV $3,200 F; (c) NI $8,530.

P22-6A (a) MQV $550 U; LQV $1,600 U. (d) NI $19,300.

P22-7A OCV $1,975 U.

P22-8A OCV $1,500 F.

P22-9A OCV $3,400 U.

P22-10A OCV $100 F.

P22-1B MPV $1,500 F; MQV $1,000 U; LPV $2,980 U.

P22-2B (a) MPV $7,000 U; MQV $1,500 F; LPV $2,030 F. (c) NI $33,780.

P22-3B (a) TMV $9,200 U; MPV $22,800 U; LQV $6,900 F.

P22-4B (a) $.85. (b) 4.1 pounds. (c) 48,000. (d) 48,700.

P22-5B (a) MPV $202 U; MQV $40 U; LPV $995 U; (c) NI $6,363.

P22-6B (a) MQV $1,440 U; LQV $2,700 F. (d) NI $58,240.

P22-7B OCV $810 F.

P22-8B OCV $3,300 F.

P22-9B OCV $2,900 F.

P22-10B OCV $100 F.

Chapter 23

Exercises

23-2 (a) NI increase $10,000.

(b) Yes.

23-3 (a) NI effect $3,750.

23-4 (a) Make $560,000; buy $580,000.

(b) No; (c) Yes; cost saving $15,000.

23-5  Process further; increases NI $3/unit.

23-6  (a) NI increase $11/unit.

23-7 Yes; NI $4,000 higher.

23-8 No; NI $30,200 lower.

23-9 (b) NI--Stunner $7,500.

23-10 (a) A $3.50, B $4, C $3.

(c) (1) A $3,500, B $4,000, C $3,000.

(2) B $12,000.

23-11 (a) 4.5 yrs; (b) 6.4%.

23-12 (a) AA 2.40; BB 2.32; CC 1.9.

23-13 (a) (1) 24%; (2) 3.13 years.

(b) $23,029.

23-14 (a) 22A 9%, 23A 12%, 24A 11%.

23-15 (a) Proj. A $(10,461).

Problems

P23-1A (c) NI increase $14,000.

P23-2A (a) NI decrease $8,700. (b) NI increase $1,300.

P23-3A (a) Tacoma $56,000. (c) Income: Miami, $37,840.

P23-4A Brown Red Yellow

(a)15.2% 18.2% 17.6%

P23-5A (a) (1) $2,000. (b) (1) 16%.

P23-6A (a) NPV-A $3,473. IRR-B 12%.

P23-1B (a) NI increase $36,000.

P23-2B (a) NI decrease $5,150.

P23-3B (a) III $68,500; (c) Income II $54,000.

P23-4B Ric Rac Roe

(a) 18.6% 18.4% 20%

P23-5B (a) (1) $3,000. (b) (1) 6.25%.

P23-6B (a) NPV-A $6,394. IRR-B 12%.

Appendix C

C-1 (b) $10,775.16.

C-4 $943,341.75.