ACCT 349 Week 2 Quiz

Published on January 2018 | Categories: Internet & Technology | Downloads: 107 | Comments: 0 | Views: 757
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1. (TCO 6) Homogeneity is used to 2. (TCO 6) Information about price discounting can be useful in analyzing revenues of customers if 3. (TCO 5) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX. Budgeted Data Actual Data Tuna ChikBits ChezNips Tuna ChikBits ChezNips Bags 7,200 4,800 4,000 10,800 3,600 7,200 CM per bag $2.50 $4.00 $5.00 $2.00 $3.00 $7.50 Cont. Margin $18,000 $19,200 $20,000 $21,600 $10,800 $54,000 Total Contribution Margin $57,200 $86,400 According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 20XX in Southfield was 72,000. The sales-quantity variance for December 20XX for Natural Nutrients Bakery is 4. (TCO 6) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX. Budgeted Data Actual Data Tuna ChikBits ChezNips Tuna ChikBits ChezNips Bags 7,200 4,800 4,000 10,800 3,600 7,200 CM per bag $2.50 $4.00 $5.00 $2.00 $3.00 $7.50 Cont. Margin $18,000 $19,200 $20,000 $21,600 $10,800 $54,000 Total Contribution Margin $57,200 $86,400 According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 200X in Southfield was 72,000. The market-share variance for December 20XX for Natural Nutrients Bakery is 5. (TCO 6) Fulbrite Fashions sells a line of women’s dresses. Fulbrite’s performance report for November is shown below. The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income.

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1. (TCO 6) Homogeneity is used to 2. (TCO 6) Information about price discounting can be useful in analyzing revenues of customers if 3. (TCO 5) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX. Budgeted Data Actual Data Tuna ChikBits ChezNips Tuna ChikBits ChezNips Bags 7,200 4,800 4,000 10,800 3,600 7,200 CM per bag $2.50 $4.00 $5.00 $2.00 $3.00 $7.50 Cont. Margin $18,000 $19,200 $20,000 $21,600 $10,800 $54,000 Total Contribution Margin $57,200 $86,400 According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 20XX in Southfield was 72,000. The sales-quantity variance for December 20XX for Natural Nutrients Bakery is 4. (TCO 6) Natural Nutrients Bakery of Southfield produces three flavors of cat morsels that have budgeted and actual sales data for a bag of a dozen of its cat morsels as follows for December 20XX. Budgeted Data Actual Data Tuna ChikBits ChezNips Tuna ChikBits ChezNips Bags 7,200 4,800 4,000 10,800 3,600 7,200 CM per bag $2.50 $4.00 $5.00 $2.00 $3.00 $7.50 Cont. Margin $18,000 $19,200 $20,000 $21,600 $10,800 $54,000 Total Contribution Margin $57,200 $86,400 According to company forecasts, it was budgeting to earn a 25% market share in total units (bags) of specialty prepared cat treats sold in December 20XX in Southfield. Reliable industry sources indicate that the total number of bags of cat treats sold for December 200X in Southfield was 72,000. The market-share variance for December 20XX for Natural Nutrients Bakery is 5. (TCO 6) Fulbrite Fashions sells a line of women’s dresses. Fulbrite’s performance report for November is shown below. The company uses a flexible budget to analyze its performance and to measure the effect on operating income of the various factors affecting the difference between budgeted and actual operating income.

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