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  • Managerial Accounting Exam 3 Solutions

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    Greg N Michelle Suddeth
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    This document contains solutions to 4 problems from a Managerial Accounting Exam III. Problem 2 calculates the total time for a production process as the sum of processing time, inspection time, waiting time, and move time. Problem 4 breaks down a budget variance of $45,000 unfavorable and a volume variance of $50,000 favorable for a budget of $1,245,000 and actual output of 31,250 units at a price of $5 each.

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    This document contains solutions to 4 problems from a Managerial Accounting Exam III. Problem 2 calculates the total time for a production process as the sum of processing time, inspection time, waiting time, and move time. Problem 4 breaks down a budget variance of $45,000 unfavorable and a volume variance of $50,000 favorable for a budget of $1,245,000 and actual output of 31,250 units at a price of $5 each.

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    Download as DOC, PDF, TXT or read online from Scribd
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    464 views2 pages

    Managerial Accounting Exam 3 Solutions

    Uploaded by

    Greg N Michelle Suddeth
    This document contains solutions to 4 problems from a Managerial Accounting Exam III. Problem 2 calculates the total time for a production process as the sum of processing time, inspection time, waiting time, and move time. Problem 4 breaks down a budget variance of $45,000 unfavorable and a volume variance of $50,000 favorable for a budget of $1,245,000 and actual output of 31,250 units at a price of $5 each.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
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    of 2

    Managerial Accounting

    Exam III Solutions


    Problem 1 (15 pts)

    Problem 2 (10 pts)

    B. Processing time (15.0)


    [Processing time (15.0) + inspection time (0.5) +
    waiting time in production (3.0) + move time (1.5)] = 0.75

    Problem 3 (15 pts)

    Problem 4 (10 pts)


    B. Budget variance: $1,245,000 - $1,200,000 = $45,000U
    Volume variance: $1,200,000 - (31,250
    8
    $5) = $50,000F*

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