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Home > Business & Careers > Accounting   »   Exam questions, check my answers.I will be really grateful.

 
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Old May 5, 2008, 10:36 AM
elenaj
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Exam questions, check my answers.I will be really grateful.

This is my last exam and I need help,somebody help...

January 15,000 cars;February 12,000 cars;March 16,000 cars.Each car requires four wheels, and requires 30 minutes of labor time at a rate of $12 per hour. January’s beginning balance of wheels is 6,000. If the company tries to
maintain 10% of the next month’s forecasted production needs in inventory, what are the projected wheel purchases for February?
A. 12,000 C. 49,600
B. 13,600 D. 72,300

I got B?

Use the monthly data regarding each division to answer both questions:
DivisionA Division B Division C
Revenues $15,000 $15,000 $20,000
Variable Costs $12,000 $10,000 $8,000
Contribution Margin $3,000 $5,000 $12,000
Traceable Fixed Costs $2,000 $2,000 $8,000
Common fixed costs of $6,000 are divided equally among divisions.What is the company’s monthly net income?
A. $12,000 C. $6,000
B. $8,000 D. $2,000

I got C
What is the monthly net income for Division A?
A. $2,000 C. ($4,000)
B. $1,000 D.($1000)
I got A

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Old May 5, 2008, 10:00 PM   #2  
morgaine300
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The point of an exam is to see if YOU know the material that you were supposed to have learned. I for one am not going to check your test for you and help you cheat.

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Clough agrees: Point well made!!
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Old May 5, 2008, 10:16 PM   #3  
Clough
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Hi, elenaj!

If you could and would show people that are able to help you here because of the knowledge that they have, as to how you arrived at your answers, and why you think they are the correct answers, then experts in accounting would be more likely to help you to figure out how to arrive at the correct answers in order to help you to learn on your own.

Thanks!
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