Cost Accounting Midterm

2751 WordsFeb 20, 201312 Pages
ADM 3346A COST ACCOUNTING Solution Fall 2010 Midterm Examination STUDENT NAME: _________________________________________________ STUDENT NUMBER: ________________________________________________ 90 minutes INSTRUCTIONS 1. 2. 3. 4. Books and notes are not permitted, except language dictionaries. Non programmable calculators are permitted. Put all answers in the question booklet Questions concerning possible errors in the exam only will be answered. Questions Max Points Question 1 /10 Question 2 /6 Question 3 /4 Question 4 /6 Question 5 /6 Question 6 /8 Question 7 /10 Question 8 /6 Question 9 /4 Question 10 /6 Total /66 Statement of Academic…show more content…
Midterm ADM 3346A Fall 2010 Page 2 of 10 Q.2. (6) . Sell Block prepares three types of simple tax returns: individual, partnerships, and (small) corporations. The tax returns have the following characteristics: Price charged per tax return Variable cost per tax return (including wage paid to tax preparer) Expected tax returns prepared per year Individuals $200 Partnerships $1,000 Corporations $2,000 $120 60,000 $700 4,000 $1,500 16,000 The total fixed costs per year for the company are $4,025,000. Required a. b. c. What is the break even point in total tax returns given the expected mix above? Suppose the product sales mix changes so

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