CHECKLIST OF KEY FIGURES

For problems in
MANAGERIAL ACCOUNTING
Seventh Edition
Weygandt, Kimmel, Kieso

Chapter 1
P1-1A (a) DM $75,000; DL $58,000; MO $22,100; PC $25,100.
P1-2A (a) DM $111,000; DL $90,000; MO $18,100; PC $9,500.
P1-3A (a) $22,600. (e) $3,400. (h) $11,000. (b) CGM $17,000.
P1-4A (a) Cost of goods manufactured $386,910. (b) Gross profit $122,790. (c) Total current
assets $193,100.
P1-5A (a) Cost of goods manufactured $581,800. (b) Net income $2,000.
P1-1B (a) DM $25,000; DL $54,000; MO $19,500; PC $12,700.
P1-2B (a) DM $57,500; DL $75,000; MO $15,200; PC $8,000.
P1-3B (a) $15,300. (e) $3,900. (k) $22,500. (b) CGM $15,800.
P1-4B (a) CGM $324,900. (b) Gross profit $110,400. (c) Total current assets $155,000.
P1-5B (a) CGM $493,000. (b) Net loss $6,500.
Chapter 2
P2-1A (e) Job 50 $69,000. (g) $94,000.
P2-2A (a) $179,000; Job: 7642 $179,000. (c) Gross profit $158,600.
P2-3A (c) $3,800; Job: Koss $3,800. (d) Cost of goods manufactured $14,740.
P2-4A (b) $356,000, $368,000, $193,500. (c) $3,000, $(8,000), $1,000.
P2-5A (a) $7,600. (d) $6,300. (h) $52,450. (l) $3,625.
P2-1B (e) Job 25 $37,400; Job 26 $46,600. (g) $35,200.
P2-2B (b) $2,500. (c) Gross profit $156,500.
P2-3B (c) $5,810; Job: Smith $5,810. (d) Cost of goods manufactured $20,190.
P2-4B (b) $197,600, $177,000, $190,000. (c) $2,400, $4,000, $(3,500).
P2-5B (a) $88,900. (d) $90,000. (g) $5,450. (j) 315,750.
Chapter 3
P3-1A

N/A

P3-2A ( c) M $9.00. CC $8.00. (d) T/O $340,000. WIP $24,400.

P3-3A
(a)

T12:
(1)T/O
WIP
(2)M
CC
(3)M
CC
(4)T/O
WIP

17,000;
3,000;
20,000;
18,800;
$19;
$18;
$629,000;
$89,400.

P3-4A (b) T/O $2,211,000, WIP $69,000.

P3-5A

Materials

(a) (1)1,500 e.u. (2)M $2.80. (3)T/O $4,590; WIP $1,980.

P3-6A (a) M $1.60. (b) T/O $282,000; WIP $63,000.
P3-7A (a)(2) M $50. (3) T/O $102,380. WIP $22,800.
P3-1B

N/A

P3-2B (c) M $10.20. CC $5. (d) T/O $722,000. WIP $30,500.

P3-3B
(a)

R12:
(1)T/O

16,000;

WIP

4,000.

(2)M
CC
(3)M
CC
(4)T/O
WIP

20,000;
19,000.
$42;
$35.
$1,232,000;
$273,000.

P3-4B (b) T/O $1,211,250. WIP $87,150.

P3-5B
(a)

Materials:
(1) 2,500 e.u. (2) M $26. (3) T/O $103,700; WIP $32,000.

P3-6B (a) M $2.00. (b) T/O $224,400. WIP $29,600.

P3-7B (a)(2) M $.80. (3) T/O $4,165. WIP $840.
Chapter 4
P4-1A (a) Unit cost-H.M. $62.18. (c) Cost assigned-H.M. $1,086,500. (d)
$57.62.

Cost/unit-H.M.

P4-2A (a) Royale $4,035,000. (b) Cost/unit-Royale $981.40.

P4-3A (b) Cost/stairway $1,365.84. (c) Cost/stairway $1,139.80.
P4-4A (a) Cost/liter-C.D. $1.251. (c) Cost/liter-C.D. $0.241.
P4-5A (b) Cost assigned-tax $337,441. (c) Difference Audit $57,441.
P4-1B (a) Unit cost-Deluxe $75. (c) Cost assigned-Deluxe $758,625. (d) Cost/unit-Deluxe
$75.17.
P4-2B (a) Elite $2,152,500. (b) Cost/unit-Elite $807.63.
P4-3B (b) Cost/Armoire $1,201.67. (c) Cost/Armoire $1,020.83.
P4-4B (a) Cost/gal.-V.F. $3.25. (c) Cost/gal. V.F. $0.663.
P4-5B (b) Cost assigned-Corp. $241,750. (c) Difference-Corp. $28,250.
Chapter 5
P5-1A (a) V $5, F $7,000. (b) 1,400 units, $14,000.
P5-2A (a) CM $540,000. (b) (1) 2,700,000. (2) $1,350,000.
P5-3A (a) $2,833,333. (b) (1) $2,023,810.
P5-4A

Current
(a) 16,875. (b) 16%. (c) New NI $42,000.

P5-5A

Current
Contrib. margin:
(a) (1) $300,000. (c) 3,355,000.

P5-6A (a) 2. $70,000. (b) $45,000.

P5-1B (a) V $4, F $9,000. (b) 1,500 units, $15,000.
P5-2B (a) CM $1,300,000. (b) (1) 3,000,000. (2) $1,500,000.
P5-3B (a) $2,400,000. (b) (1) $1,750,000.
P5-4B

Current
(a) 12,000. (b) 40%. (c) New NI $126,000.

P5-5B

Current
Contrib. margin:
(a) (1) $440,000. (e) $2,720,000.

P5-6B (a) 2. $100,000. (b) $22,500.

Chapter 6
P6-1A (a) $2,587,500. (b) 2. $2,500,000.
P6-2A Cur. CM (a) (1) $300,000. (e) (1) $419,000.

P6-3A (b) Total sales $3,375,000. (c) Total sales $4,680,000.

P6-4A (b) Econ. $28.
P6-5A (c) Net income Blanc $94,000. (d) Net income Noir $114,000.
P6-6A (a) $47,175. (c) (2) 3.37.
P6-7A (b) 2016 net income $2,300,000.
P6-8A (a) Net income 60,000 units $370,000.
P6-1B (a) $2,600,000. (b) 2. $2,720,000.
P6-2B Cur. CM (a) (1) $300,000. (e) (1) $314,000.
P6-3B (b) Total sales $1,600,000. (c) Total sales $2,200,000.
P6-4B (b) Econ. $210.
P6-5B (c) Net income Lyte $320,000. (d) Net income Darke ($40,000).
P6-6B (a) $60,000. (c) (2) 3.00.
P6-7B (b) 2016 net income $180,000.
P6-8B (a) Net income 200,000 units $605,000.
Chapter 7
P7-1A (a) NI increase $37,500.
P7-2A (a) NI decrease $1,160. (c) NI increase $1,840.
P7-3A (a) (2) Gross profit $186,000. (b) NI increase $32,000.
P7-4A (b) (2) Net income $539,000. (c) NI increase $23,000.
P7-5A (a) I $80,000; (c) Income: III $132,800.
P7-1B (a) NI increase $35,000.
P7-2B (a) NI decrease $4,750. (c) NI increase $1,250.
P7-3B (a) (2) Gross profit $210,000. (b) NI increase $10,000.
P7-4B (b) (2) Net income $832,000. (c) NI increase $60,000.
P7-5B (a) III $76,000. (c) Income: I $143,900.
Chapter 8
P8-1A (a) Total cost/unit $110. (c) Selling price $154.
P8-2A Selling price: (a) $140. (b) $146.25.
P8-3A (a) Labor rate $41.50. (c) Total price $526.
P8-4A (d) $750 decrease.
P8-5A (b) Lost contribution margin $160,000.
P8-6A Minimum price: (b) $140.

P8-7A Markup: (a) $45, (b) $60.

P8-8A Markup %: (a) 45%, (c) 59.5%.
P8-1B (a) Total Cost/unit $67. (c) Selling Price $87.10.
P8-2B Selling price: (a) $114, (b) $123.75.
P8-3B (a) Labor rate $33.00. (c) Total price $482.00.
P8-4B (d) $8,960 decrease.
P8-5B (b) Lost contribution margin $4,000.
P8-6B Minimum price: (b) $80.
P8-7B Markup: (a) $75, (b) $100.
P8-8B Markup %: (a) 70%, (c) 94.3%.
Chapter 9
P9-1A

Net income $881,160; Standard cost per bag $33.20.

P9-2A (a) Total sales $13,000,000. (b) Required production units: JB 50--405,000. (e) Net
income $1,295,000.
P9-3A (c) Unit cost : Plan A $6.88. (d) Gross profit: Plan A $1,162,800.
P9-4A (a) January collections $326,000. (b) Ending cash balance: January $51,000; February
$50,000.
P9-5A (a) Purchases: May $603,000. (b) Net income: May $36,470; June $39,830.
P9-6A

Net income $21,900. Total assets $116,600.

P9-1B

Net Income $842,100; Standard cost per bag $40.00.

P9-2B (a) Total sales $18,400,000. (b) Required production units; LN 35-390,000.
P9-3B (c) Unit cost: Plan A $5.26. (d) Gross profit: Plan A $1,778,400.
P9-4B (a) January: collections $312,500; Payments: $96,000. (b) Ending cash balance: January
$49,500; February $40,000.
P9-5B (a) Purchases: July $264,875;(b) Net income: July $29,050; August $37,450.
Chapter 10
P10-1A

(a) Total costs: 27,000 DLH, $53,750; 36,000 DLH, $65,000. (b) Budget $53,750;
Actual $54,932.

P10-2A

(a) Total costs: 35,000 DLH, $58,000. (b) Budget $66,400; Actual $70,090.

P10-3A

(c) Budget $217,400; Actual $218,920.

P10-4A

(a) Contribution margin $85,000 F; Controllable margin $80,000 F.

P10-5A

(a) Controllable margin: Budget $330; Actual $360. (c) (1) 19.7%.

P10-6A

(a) (1) $12,500 U. (2) $29,000 U.

P10-7A

(a) (1) ROI 20%.

P10-1B

(a) Total costs: 18,000 DLH, $25,500; 24,000 DLH, $30,300. (b) Budget
$27,100; Actual $26,000.

P10-2B

(a) Total costs: 22,500 DLH, $70,000; 30,000 DLH, $85,000. (b) Budget $80,000;
Actual $75,800.

P10-3B

(c) Budget $125,000; Actual $128,280.

P10-4B

(a) Contribution margin $140,000 U; Controllable margin $135,000 U.

P10-5B

(a) Controllable margin: Budget $1,000; Actual $790. (c) (1) 21.4%.

P10-6B

(a) (1) $17,300 U. (2) $38,400 U.

P10-7B

(a) (1) ROI 20%.

Chapter 11
P11-1A

MPV $1,020 U; MQV $2,400 U; LPV $3,700 U.

P11-2A

(a) MPV $1,590 U; MQV $1,260 U; LPV $5,760 U. (c) NI $25,690.

P11-3A

(a) TMV $20,425 F; MPV $22,625 F; LPV $9,975 U.

P11-4A

(a) $.95. (b) 4.0 pounds. (c) 44,800. (d) 45,400.

P11-5A

(a) MPV $183 F; MQV $146 U; LPV $1,550 F; (c) NI $7,680.

P11-6A

(a) MQV $500 U; LQV $800 U. (d) NI $15,890.

P11-7A

OCV $3,100 U.

P11-8A

OCV $750 F.

P11-9A

OCV $1,900 U.

P11-10A OCV $450 F.

P11-1B

MPV $1,000 F; MQV $3,600 U; LPV $1,960 U.

P11-2B

(a) MPV $4,200 U; MQV $3,500 F; LPV $1,725 F. (c) NI $37,825.

P11-3B

(a) TMV $17,325 U; MPV $34,200 U; LQV $10,305 F.

P11-4B

(a) $.95. (b) 5.0 pounds. (c) 90,000. (d) 90,840.

P11-5B

(a) MPV $506 U; MQV $54 U; LPV $620 U; (c) NI $6,100.

P11-6B

(a) MQV $600 F; LQV $2,700 F. (d) NI $44,690.

P11-7B

OCV $900 U.

P11-8B

OCV $3,600 F.

P11-9B

OCV $5,455 F.

P11-10B OCV $200 F.

Chapter 12
P12-1A
(c)

Bono

Edge

Clayton

17.5%

16.5%

19.2%

P12-2A (a) (1) $5,000. (b) (2) 13.33%.

P12-3A (a)

NPV-A $16,709. IRR-B 12%.

P12-4A (a) NPV $(13,950). (b) NPV $16,491.

P12-5A (a) NPV $207,277. (d) IRR 12%.
P12-1B
(c)

Mary

Winnie

14.29%

11.31%

Sarah
13.89%

P12-2B (a) (1) $29,000. (b) (2) 64.44%.

P12-3B (a) NPV-A $(3,376). IRR-B 12%.
P12-4B (a) NPV $(11,102). (b) NPV $15,039.
P12-5B (a) NPV $493,596. (d) IRR 15%.
Chapter 13
P13-2A

(a) Net income $75,500.

P13-3A

Net cash provided by operating activities $1,430,000.

P13-4A

Net cash provided by operating activities $1,430,000.

P13-5A

Net cash provided by operating activities $318,000.

P13-6A

Net cash provided by operating activities $318,000.

P13-7A

Net cash provided by operating activities $31,500, Net cash used by financing
activities $(22,000).

P13-8A

Net cash provided by operating activities $31,500, Net cash used by financing
activities $(22,000).

P13-9A

Net cash provided by operating activities $180,250, Net cash used by financing
activities $(35,350).

P13-10A Net cash provided by operating activities $180,250, Net cash used by financing
activities $(35,350).
P13-11A Net cash provided by operating activities $113,000, Net cash used by financing
activities $(20,000).
P13-12A Totals 580,910.
P13-2B

(a) Cash proceeds $21,000.

P13-3B

Net cash provided by operating activities $1,185,000.

P13-4B

Net cash provided by operating activities $1,185,000.

P13-5B

Net cash provided by operating activities $127,000.

P13-6B

Net cash provided by operating activities $127,000.

P13-7B

Net cash used by operating activities ($5,000), Net cash used by financing
activities $(15,000).

P13-8B

Net cash used by operating activities ($5,000), Net cash used by financing
activities $(15,000).

P13-9B

Net cash provided by operating activities $94,700, Net cash used by investing activities
$(111,500).

P13-10B Net cash provided by operating activities $94,700, Net cash used by investing activities
$(111,500).
P13-11B Net cash provided by operating activities $75,400, Net cash used by investing
activities $(8,000).
Chapter 14
P14-1

(a) Laker Company: Income from operations as a percent of sales 11.9%, Net income
as a percent of sales 7.5%.

P14-2

(a) Earnings per share $3.36, (c) Return on assets 23.0%, (f) Accounts receivable
turnover 16.2, (h) Times interest earned 17.8 times.

P14-3

(a) 2017: Profit margin 6.4%, Price-earnings ratio 6.2 times, Debt to assets 22.7%.

P14-4

(a) 2017: Current ratio 2.0, Inventory turnover 4.9 times, Profit margin 4.2%, Earnings
per share $1.75.

P14-5

(a) Target: Current ratio 1.7:1, Asset turnover 1.4, Times interest earned 5.1 times.