ACC 505 Latest Finals Questions Solved for you

Thank you for purchasing my work! I greatly appreciate it. Please let me know if you have any questions, comments, or concerns - I would be glad to clear them! You can message me at my work email:  

CONTACT  for  any further help in accounting

[email protected]

Question 1.1. (TCO C) Nic Saybin Enterprises Accounting Department collects all pertinent monthly operating data. Selected data are presented below for the current month. From the data provided, please provide Saybin Enterprises Management with a flexible budget analysis to see how costs were controlled. 

Question 2.2. (TCO D) Lindon Company uses 4,500 units of Part X each year as a component in the assembly of one of its products. The company is presently producing Part X internally at a total cost of $69,000 as follows

An outside supplier has offered to provide Part X at a price of $11 per unit. If Lindon stops producing the part internally, one third of the manufacturing overhead would be eliminated.

Required: Prepare a make-or-buy analysis showing the annual advantage or disadvantage of accepting the outside supplier's offer. (Points : 30)

Question 3.3. (TCO E) Topple Company produces a single product. Operating data for the company and its absorption costing income statement for the last year are presented below: 

Variable manufacturing costs are $4 per unit. Fixed factory overhead totals $18,000 for the year. This overhead was applied at a rate of $2 per unit. Variable selling and administrative expenses were $1 per unit sold. 

Required: Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements. (Points : 30)

Question 4.4. (TCO A)  The following data (in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year

Use the above data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated? (Points : 25)