Wgu C253 Advanced Managerial Accounting, Exam Questions And Answers, Rated A+. Verified 2024 | 24 Pages

Total Manufacturing Cost {Ans: Direct Materials + Direct Labor + Overhead}Fixed Manufacturing Overhead Per Unit {Ans: (COGS-Variable Manufacturing)/Units Sold}Express Cash Available {Ans: Beginning Cash + Cash Receipts - Disbursements **be sure to use cash receipts not sales}Absorption Cost {Ans: (((Material+Labor+Variable Manufacturing Overhead)*Units Produced)+Fixed Costs)/Units Produced}Net Present Value {Ans: (((Sales-Annual Costs)*PVF)+((Working Capital+Salvage Value)*PVF))-((Equipment Costs+Work in Capital)+(Overhaul Equipment)*PVF))}What is Favorable? {Ans: Less Spend and More Revenue on Flexible Budget}COGS {Ans: (Beg. Materials+Purchased Materials+End Materials)+Direct Labor+(Overhead for Labor)+(Beg work in process-End work in process)}Variable Overhead Rate Variance {Ans: (Actual Rate-Standard Rate) x Actual Hours}What are absorption costing product costs? {Ans: Materials, Labor, Variable Manufacturing Overhead and Fixed Manufacturing Overhead (No selling and general admin)}Simple Rate of Return {Ans: (Revenue-Costs)/initial investment (Costs include depreciation)}Break Even Point Change {Ans: ((Fixed Costs/(Product A*%Sales)+(Product B*%Sales))*%Sales Calculate the Breakeven Point at both Sales % and subtract them}Segment Margin {Ans: Sales-Variable Expenses-Relevant Costs}COGS Manufactured {Ans: Direct Materials+Direct Labor+Manufacturing Overhead Applied+Beg Work in Process-End Work in Process}What is Unfavorable? {Ans: More Spend and Less Revenue on Flexible Budget}Material Overhead Rate (Labor Hours) {Ans: Estimated Overhead/Estimated Labor Hours}Forecasted Gross Margin {Ans: (Units*Sales)-(Units*Materials)-(Units*Labor)-(Units*Overhead)}What is the first