CHECKLIST OF KEY FIGURES
for problems in
MANAGERIAL ACCOUNTING
Third Edition
Weygandt, Kieso, Kimmel
ISBN 0-471-41633-9
JOHN WILEY & SONS, INC.
New York/Chichester/Weinheim
Brisbane/Toronto/Singapore
Chapter 1
P1-1A (a) DM $20,000; DL $44,000; MO $16,800; PC $13,700.
P1-2A (a) DM $46,000; DL $52,000; MO $13,260; PC $6,000.
P1-3A (a) $17,300. (e) $4,900. (k) $22,500. (b) CGM $15,800.
P1-4A (a) CGM $299,900. (b) Gross profit $165,400. (c) Total current assets $185,000.
P1-5A (a) CGM $478,000. (b) Net income $20,500.
P1-6A (b) CGM $657,300. (c) NI $87,600; total assets $735,100.
P1-1B (a)
DM $75,000; DL $43,000; MO $18,100; PC $22,100.
P1-2B (a) DM $96,200; DL $78,000; MO $17,050; PC $8,500.
P1-3B (a) $20,600. (e) $7,400. (h) $7,000. (b) CGM $17,000.
P1-4B (a) Cost of goods manufactured $367,910. (b) Gross profit $181,790. (c) Total current
assets $213,100.
P1-5B (a) Cost of goods manufactured $572,200. (b) Net income $9,000.
Chapter 2
P2-1A (e) Job 25 $37,000; Job 26 $48,000. (g) $36,000.
P2-2A (b) $2,000. (c) Gross profit $170,500.
P2-3A (c) $8,340; Job: Bennett $8,340. (d) Cost of goods manufactured $20,860.
P2-4A (b) $214,400, $191,000, $177,400. (c) $1,600, $4,000, $(1,500).
P2-5A (a) $88,900. (d) $90,000. (g) $4,300. (j) 301,900.
P2-1B (e) Job 50 $70,000. (g) $99,000.
P2-2B (a) $158,000; Job: 7642 $158,000. (c) Gross profit $158,600.
P2-3B (c) $3,800; Job: Elgin $3,800. (d) Cost of goods manufactured $12,940.
P2-4B (b) $356,000, $368,000, $193,500. (c) $2,000, $(3,000), $(4,000).
P2-5B (a) $5,600. (d) $6,600. (h) $54,150. (l) $3,225.
Chapter 3
P3-1A
N/A
P3-2A (c) M $12.80. CC $7.20. (d) T/O $800,000. WIP $47,040.
P3-3A
(a)
(1)T/O
WIP
(2)M
CC
(3)M
CC
(4)T/O
WIP
R12:
18,000;
2,000.
20,000;
19,400.
$42;
$32.
$1,332,000;
$128,800.
P3-4A (b) T/O $1,215,000. WIP $113,400.
P3-5A
(a)
Materials:
(1) 1,500 e.u. (2) M $40. (3) T/O $100,000; WIP $23,000.
P3-6A (b) M $1.60. (b) T/O $247,000. WIP $17,400.
P3-7A (a)(2) M $50. (3) T/O $109,680. WIP $14,800.
P3-1B
N/A
P3-2B ( c) M $14.30. CC $12.70. (d) T/O $405,000. WIP $96,900.
P3-3B
(a)
(1)T/O
WIP
(2)M
CC
(3)M
CC
(4)T/O
WIP
T12:
18,000;
2,000;
20,000;
19,000;
$19;
$14;
$594,000;
$52,000.
P3-4B (b) T/O $2,064,000, WIP $62,000.
P3-5B
Materials
(a) (1)2,100 e.u. (2)M $1.40. (3)T/O $5,100; WIP $1,320.
P3-6B (b) M $1.60. (b) T/O $299,000; WIP $39,000.
P3-7B (a)(2) M $1. (3) T/O $3,865. WIP $1,035.
Chapter 4
P4-1A (a) Unit cost-H.M. $60.90. (c) Cost assigned-H.M. $1,031,300. (d) Cost/unit-H.M. $56.60.
P4-2A (a) Royale $3,925,000. (b) Cost/unit-Royale $977.
P4-3A (b) Cost/stair $1,199.82. (c) Cost/stair $1,005.54.
P4-4A (a) Cost/liter-C.D. $1.078. (c) Cost/liter-C.D. $0.241.
P4-5A (b) Cost assigned-tax $362,337. (d) Difference – Audit $42,337.
P4-1B (a) Unit cost-Dryer $21.40. (c) Cost assigned-Dryer $205,050. (d) Cost/unit-Dryer $22.88.
P4-2B (a) Ice House $560,000. (b) Cost/unit-Ice House $28.70.
P4-3B (b) Cost/Kitchen $12,850. (c) Cost/Kitchen $10,932.64.
P4-4B (a) Cost/gal.-S.D. $2.838. (c) Cost/gal. S.D. $0.704.
P4-5B (b) Cost assigned-Farm $89,300. (d) ABC-Pets 66%.
Chapter 5
P5-1A (a) V $5, F $7,500. (b) 1,250 units, $13,750.
P5-2A (a) CM $1,000,000. (b) (1) 3,000,000. (2) $1,500,000.
P5-3A (a) $1,920,000. (b) (1) $1,527,273.
P5-4A
Current
(a) 11,250. (b) 34%. (c) NI $115,000.
P5-5A
2005
Contribution margin:
(a) (1) $400,000. (e) (1) 528,000.
P5-1B (a) V $4, F $8,000. (b) 1,000 units, $12,000.
P5-2B (a) CM $450,000. (b) (1) 1,750,000. (2) $700,000.
P5-3B (a) $2,765,957. (b) (1) $2,166,667.
P5-4B
Current
(a) 20,000. (b) 33%. (c) NI $150,000.
P5-5B
2005
Contribution margin:
(a) (1) $720,000. (e) (1) $888,000.
Chapter 6
P6-1A (a) NI increase $31,000.
P6-2A (a) NI decrease $1,040. (c) NI increase $3,960.
P6-3A (a) (2) Gross profit $200,000. (b) NI increase $10,000.
P6-4A (b) (2) Net income $698,000. (c) NI increase $33,000.
P6-5A (a) I $84,000; (c) Income: III $133,850.
P6-1B (c) NI increase $9,000.
P6-2B (a) NI decrease $2,700. (b) NI increase $9,300.
P6-3B (a) (2) Gross profit $240,000. (b) NI increase $25,000.
P6-4B (b) (2) Net income $555,000. (c) NI increase $25,000.
P6-5B (a) Olympia $(33,500). (c) Income: Salem, $86,000.
Chapter 7
P7-1A (a) (ii) Net income $176,000.
P7-2A
(b) 2006 net income $2,400,000.
P7-3A
(a) Net income – 50,000 units $360,000.
P7-4A
(b) Total sales $3,750,000. (c) Total sales $5,909,091.
P7-5A
(c) Net income – Old $94,000. (d) Net income – New $(14,000).
P7-1B (a) (ii) Net income $804,000.
P7-2B (b) 2006 net income $460,000.
P7-3B (a) Net income – 60,000 units $330,000.
P7-4B (b) Total sales $1,480,392. (c) Total sales $1,986,842.
P7-5B (c) Net income – Retro $110,000. (d) Net income – Modern $(40,000).
Chapter 8
P8-1A (a) Total cost/unit $108. (c) Selling price $140.40.
P8-2A Selling price: (a) $139, (b) $145.50.
P8-3A (a) Labor rate $35.80. (c) Total price $1,651.
P8-4A (d) $600 decrease.
P8-5A (b) Lost contribution margin $100,000.
P8-6A Minimum price: (b) $148.
P8-7A Markup: (a) $43.75, (b) $56.25.
P8-8A Markup %: (a) 40%, (c) 54%.
P8-1B (a) Total Cost/unit $88. (c) Selling Price $110.
P8-2B Selling price: (a) $114.20, (b) $119.75.
P8-3B (a) Labor rate $33.10. (c) Total price $9,024.70.
P8-4B (d) $8,000 decrease.
P8-5B (b) Lost contribution margin $20,000.
P8-6B Minimum price: (b) $142.59
P8-7B Markup: (a) $36, (b) $48.
P8-8B Markup %: (a) 37.5%, (c) 57.143%.
Chapter 9
P9-1A
Net income $787,500; Standard cost per bag $39.
P9-2A (a) Total sales $12,400,000. (b) Required production units: LN 35--360,000. (e) Net
income $2,450,000.
P9-3A (c) Unit cost : Plan A $5.40. (d) Gross profit: Plan A $1,485,000.
P9-4A (a) January collections $320,000. (b) Ending cash balance: January $55,000; February
$50,000.
P9-5A (a) Purchases: July $247,500. (b) Net income: July $62,650; August $73,500.
P9-6A
Net income $15,750. Total assets $131,950.
P9-1B
Net Income $766,500; Standard cost per bag $29.75.
P9-2B (a)
Total sales $14,000,000. (b) Required production units; JB 50-445,000.
P9-3B (c) Unit cost: Plan A $7.53. (d) Gross profit: Plan A $619,875.
P9-4B (a) January: collections $317,000; Payments: $112,000. (b) Ending cash balance: January
$52,000; February $50,000.
P9-5B (a) Purchases: May $459,000; June $504,900. (b) Net income: May $28,770; June $34,230.
Chapter 10
P10-1A
(a) Total costs: 18,000 DLH, $25,450; 24,000 DLH, $30,250. (b) Budget
$27,050; Actual $25,830.
P10-2A
(a) Total costs: 22,500 DLH, $79,500; 30,000 DLH, $96,000. (b) Budget $90,500;
Actual $86,500.
P10-3A
(c) Budget $122,000; Actual $126,800.
P10-4A
(a) Contribution margin $119,000 U; Controllable margin $115,000 U.
P10-5A
(a) Controllable margin: Budget $1,100; Actual $900. (c) (1) 22.2%.
P10-6A
(a) (1) $11,300 U. (2) $24,800 U.
P10-7A
(a) (1) ROI 20%.
P10-1B
P10-2B
(a) Total costs: 27,000 DLH, $47,850; 36,000 DLH, $57,300. (b) Budget $47,850;
Actual $48,970.
(a) Total costs: 35,000 DLH, $59,500. (b) Budget $70,000; Actual $72,940.
P10-3B
(c) Budget $228,000; Actual $229,050.
P10-4B
(a) Contribution margin $96,000 F; Controllable margin $89,000 F.
P10-5B
(a) Controllable margin: Budget $450; Actual $455. (c) (1) 19.9%.
Chapter 11
P11-1A
MPV $1,500 F; MQV $1,000 F; LPV $2,980 U.
P11-2A
(a) MPV $6,960 U; MQV $1,800 F; LPV $1,160 F. (b) NI $34,120.
P11-3A
(a) TMV $2,600 F; MPV $11,400 U; LQV $7,200 F.
P11-4A
(a) $.87. (b) 4.1 pounds. (c) 44,000. (d) 44,700.
P11-5A
(a) MPV $202 U; MQV $40 U; LPV $995 U; (b) NI $6,363.
P11-6A
(a) MQV $2,960 U; LQV $1,800 F. (d) NI $58,805.
P11-1B
MPV $1,530 U; MQV $2,100 U; LPV $3,500 U.
P11-2B
(a) MPV $2,600 U; MQV $800 U; LPV $7,300 U. (b) NI $30,000.
P11-3B
(a) TMV $32,150 F; MPV $36,200 F; LPV $15,730 U.
P11-4B
(a) $.96. (b) 4.3 pounds. (c) 45,000. (d) 45,600.
P11-5B
(a) MPV $305 F; MQV $75 U; LPV $3,200 F; (b) NI $8,530.
P11-6B
(a)
MQV $400 U; LQV $2,000 U. (d) NI $18,650.
Chapter 12
P12-1A
Moe
(a) 17.3%
Larry
18%
Curly
19%
P12-2A (a) (1) $2,000. (b) (2) 5.33%.
P12-3A (a) NPV-A $6,321. IRR-B 15%.
P12-4A (a) NPV $(11,735). (b) NPV $15,939.
P12-5A (a) NPV $501,822. (d) IRR 12%.
P12-1B
(a)
Brown
14.4% 17.8%
Red
18.4%
Yellow
P12-2B (a) (1) $1,500. (b) (2) 15%.
P12-3B (a) NPV-A $3,473. IRR-B 12%.
P12-4B (a) NPV $(1,828). (b) NPV $10,461.
P12-5B (a) NPV $501,339. (d) IRR 12%.
Chapter 13
P13-2A (a) Cash proceeds $3,000.
P13-3A
Net cash provided by operating activities $1,600,000.
P13-4A
Net cash provided by operating activities $1,600,000.
P13-5A
Net cash provided by operating activities $113,000.
P13-6A
Net cash provided by operating activities $113,000.
P13-7A
Net cash provided by operating activities $16,000, Net cash used by financing
activities $(26,000).
P13-8A
Net cash provided by operating activities $16,000, Net cash used by financing
activities $(26,000).
P13-9A
Net cash provided by operating activities $117,800, Net cash used by investing
activities $(103,500).
P13-10A Net cash provided by operating activities $117,800, Net cash used by investing
activities $(103,500).
P13-11A Net cash provided by operating activities $53,290, Net cash used by investing
activities $(10,000).
P13-2B
(a) Net income $80,500.
P13-3B
Net cash provided by operating activities $1,470,000.
P13-4B
Net cash provided by operating activities $1,470,000.
P13-5B
Net cash provided by operating activities $313,000.
P13-6B
Net cash provided by operating activities $313,000.
P13-7B
Net cash provided by operating activities $31,500, Net cash used by financing
activities $(29,000).
P13-8B
Net cash provided by operating activities $31,500, Net cash used by financing activities
$(29,000).
P13-9B
Net cash provided by operating activities $192,250, Net cash used by financing
activities $(45,350).
P13-10B Net cash provided by operating activities $192,250, Net cash used by financing
activities $(45,350).
P13-11B Net cash provided by operating activities $110,000, Net cash used by financing
activities $(49,000).
Chapter 14
P14-1A (a) Today Company income from operations as a percent of sales 34%, Net income
as a percent of sales 30%.
P14-2A
(a) Earnings per share $8.08, (c) Return on assets 17% (e) Receivables turnover 7.8
times, (j) Times interest earned 19.8 times.
P14-3A
(a) 2005: Profit margin .19, Price-earnings ratio .58 times, Debt to total assets .37.
P14-4A
(a) 2005: Current ratio 2.07, Inventory turnover 1.8 times, Profit margin .12, Earnings
per share $1.15.
P14-5A
(a) Snap-on: Current ratio 2.0:1, Asset turnover 1.1, Times interest earned 5.8.
P14-1B
(a) North Company: Income from operations as a percent of sales 25.34%, Net
income as a percent of sales 22.16%.
P14-2B
(a) Earnings per share $4.61, (c) Return on assets .29, (e) Receivables turnover 18.2, (i)
Times interest earned 16.3 times.
P14-3B
(a) 2005: Profit margin .09, Price-earnings ratio 4.7 times, Debt to total assets .34.
P14-4B
(a) 2005: Current ratio 1.8, Inventory turnover 3.5 times, Profit margin .04, Earnings
per share $1.80.
P14-5B
(a) Target: Current ratio 1.55:1, Asset turnover 1.56, Times interest earned 6.3
times.