Horngren Cost Accounting 14e Solution Test Bank Essay

Buy Full 23 chapters Horngren Cost Accounting 14e Solution Manual + Test Bank at https://sellfy.com/p/vB9y Cost Accounting, 14e (Horngren/Datar/Rajan) Chapter 12 Pricing Decisions and Cost Management Objective 12.1 1) Companies should only produce and sell units as long as: A) there is customer demand for the product B) the competition allows it C) the revenue from an additional unit exceeds the cost of producing it D) there is a generous supply of low-cost direct materials Answer: C Diff: 2 Terms: target price Objective: 1 AACSB: Ethical reasoning 2) Too high a price may: A) deter a customer from purchasing a product B) increase demand for the product C) indicate supply is too plentiful D)†¦show more content†¦labor (hours) 1,000 500 300 200 Disbursement of Payments Direct materials Wood (1,000; 500; 300 Ãâ€" $30) $30,000 $15,000 $9,000 Fiberglass (1,200; 600; 360 Ãâ€" $5) 6,000 3,000 1,800 Direct manuf. labor (500; 300; 200 Ãâ€" $25) 12,500 7,500 5,000 Interest payment (6% Ãâ€" $30,000 à ·12) 150 150 150 Variable Overhead Calculation Variable overhead rate $ 7 $ 7 $ 7 Overhead driver (direct manuf. labor-hours) 500 300 200 Variable overhead expense $ 3,500 $ 2,100 $1,400 6-32 Cash Budget for the months of July, August, September 2012 July August September Beginning cash balance $10,000 $ 5,650 $40,100 Add receipts: Collection of receivables 55,800 70,200 54,900 Total cash available $65,800 $75,850 $95,000 Deduct disbursements: Material purchases $36,000 $18,000 $10,800 Direct manufacturing labor 12,500 7,500 5,000 Variable costs 3,500 2,100 1,400 Fixed costs 8,000 8,000 8,000 Interest payments 150 150 150 Total disbursements 60,150 35,750 25,350 Ending cash balance $ 5,650 $40,100 $69,650 2. Yes. Slopes has a budgeted cash balance of $69,650 on 10/1/2012 and so it will be in a position to pay off the $30,000 1-year note on October 1, 2012. 3. No. Slopes does not maintain a $10,000 minimum cash balance in July. To maintain a $10,000 cash balance in each of theShow MoreRelatedSolution Manual, Test Bank and Instructor Manuals34836 Words   |  140 Pagesneed any solution manual, testbank for testbooks from the list, do contact us anytime, we provide competitive prices and fast delivery after payment done. Contact us: smtbportal@gmail.com smtbportal(at)gmail(dot)com 2010 Corporate Partnership Estate and Gift Tax with HR Block TaxCut 4e Pratt Kulsrud Solution Manual 2010 Corporate Partnership Estate and Gift Tax with HR Block TaxCut 4e Pratt Kulsrud Test Bank 2010 Federal Taxation with HR Block TaxCut 4e Pratt Kulsrud Solution Manual