Check Figures from Suggested Solutions

CHECK FIGURES FROM SUGGESTED SOLUTIONS TO EXERCISES AND PROGLEMS For Students’ Use in Checking Their Own Solutions

COST ACCOUNTING: A MANAGERIAL EMPHASIS, 12TH EDITION BY CHARLES T. HORNGREN, SRIKANT M. DATAR, AND GEORGE FOSTER

Chapter 7. Flexible Budgets, Direct-Cost Variances, and Management Control 7-16 1. FBV $12,800 U; SVV $7,200 U; SBV $20,000 U 7-17 1. FBV $24,000 U; SVV $72,000 F; SBV $48,000 F 7-18 1. SBV $17,000 U; 2. FBV $19,000 F; SVV $36,000 U 7-19 1. FBV $75,000 U; SVV $75,000 F; 2. ASP $5.50; BSP $3.50; AVC $3.96; BVC $2.00 7-20 1. Units $25,000 F (5.0%) Rev $110,000 F (3.4%) VMC $140,000 U (8.0%) CM $30,000 U (2.0%) 2. FBV $105,000 U SVV $75,000 F 3. $52,500 U 7-21 1. FBV $408 F; 2. PV $1,120 F; EV $712 U 7-22 DM: PV $14,000 F; EV $11,000 F; FBV $25,000 F DML: PV $4,000 U; EV $6,000 U; FBV $10,000 U 7-23 1. DM $57,750 U; DL $9,200 U; 2. DM: PV $42,900 U; EV $14,850 U DL: PV $3,200 U; EV $6,000 U 7-24 1. DM: PV $1,815.00 U; EV $990.00 U DML: PV $104.50 U; EV $440.00 F Total FBV $2,469.50 U; 13.21% (= $2,469.50/$18,700) 2. DM: PV $1,156.16 U; EV $772.20 U DML: PV $102.41 U; EV $607.20 F Total FBV $1,423.57 U; 7.61% (= $1,423.57/$18,700) 7-25 1. DM: PV $10,000 U; EV $81 F; DML: PV $4,900 U; EV $100 F 7-26 1. DM 9.9400; DML 0.4970; 2. DM: PV $10,000 U; EV $1,685 U; DML: PV $4,900 U; EV $489 U 7-27 1. DM: PV $7,400 U; EV $30,000 F; DML: PV $3,600 F; EV $20,000 F; 2. Purchasing PV $12,000 U; Production EV $30,000 F 7-29 DM: PV $7,400 U; EV $30,000 F; SVV $80,000 F DML: PV $3,600 F; EV $20,000 F; SVV $40,000 F 7-30 1. FBV: Rec $105,228 U; Pay $44,250 U; TE $424 F 2. Rec: PV $105,228 U; EV $0 Pay: PV $21,218 F; EV $65,468 U; TE: PV $378 F; EV $46 F 7-31 1. Budgeted Var cost: MP $166.65 BP $164.54 Mir $150.40 2. MP DM: PV $5,400 U; EV $4,400 U DL: PV $450 U; EV $5,000 U BP DM: PV $2,800 U; EV $8,800 U DL: PV $540 U; EV $2,000 U 7-32 1. FBV $11,000 F; SVV $260,000 U 2. DM: PV $54,000 U; EV $60,000 F; DML: PV $50,000 F; EV $40,000 U 7-33 1. OI = $13,100 2. FBV $3,332 F; SVV $14,700 F; 3. PV $1,728 U; EV $5,760 U 7-34 1. a. SPV $9,700 F b. Rev: FBV $9,700 F; SVV $12,000 U Gross M: FBV $12,688 U; SVV $5,520 U c. DM-F: PV $3,104 U; EV $2,134 U; DML: PV $4,753 F; EV $15,035 U; DML: PV $1,309.5 F; EV $10,912.5 U 7-35 1. $31 per hour 2. 1,150 hours 7-36 1. BSP $8.00 ASP $10.00 2. BVC=$3.00 AVC=$2.80 3. $1,500,000 4. $950,000 F 5. $500,000 U $450,000 F

Cost Accounting 12E Page 1 Check Figures 7-37 1. DML: PV $16,000 F; EV $24,000 U 2. 126,250 lbs. 3. $1.95/pound 4. PV $7,500 F 7-38 1. 2,000 hours 2. 1,900 hours 3. $21/hour 4. 12,000 lbs 5. 12,500 lbs 6. 13,000 lbs $5.25/lb. 7-39 1. DM: PV $14,200 F; EV $22,000 U; DML: PV $13,000 F; EV $21,000 U 2. (a) Purchase manager (b) Production manager 7-40 1. SBOI $3,300,000; AOI $2,178,000; 2. SBV $1,122,000 U 3. $2,460,000 4. $282,000 U 5. $840,000 U 6. $1,122,000 U 7. PV $0; EV $12,000 U 8. $12,000 U 7-41 1. Sales: FBV $18,000 F SVV $140,000 F CM: FBV $22,680 F SVV $82,920 F OI: FBV $21,680 F SVV $82,920 F DM: PV $7,200 U; EV $13,680 F; DML: PV $10,800 U; EV $7,200 F 7-42 1. $45,000 U; 2. DMPV: CM $0; MC $133,000 U; A $0; 3. DMEV: CM $3,000 U; MC $61,500 U; A $15,000 U; 4. DMLEV: M $0; B $30,000 F 7-43 1. $595 U 2. PV $525F; EV $1,120 U 7-44 1. DM: PV $204 F; EV $2,040 F; DML: PV $102 U; EV $1,836 F

Cost Accounting 12E Page 2 Check Figures