Chapter 4 42. B 29.

A
43. B 30. C
1. B
44. A 31. C
2. A
45. B 32. B
3. A
46. B 33. A
4. A
47. C 34. C
5. B
48. C 35. A
6. B
49. B (Correction: The 36. B
7. A
production volume 37. D
8. B
variance occurs when 38. A
9. D
using) 39. A
10. A
40. B
11. D
41. B (Correction: Last
12. D
Chapter 5 year, the CMR of
13. C
Lamesa Company was
14. C 1. D 30%. This year, the
15. D 2. D contribution margin
16. B 3. C fixed costs of
17. D 4. A Lamesa….)
18. B 5. C 42. D
19. A 6. C 43. A
20. B 7. C 44. A
21. C 8. D 45. B
22. C 9. C 46. C
23. B 10. A 47. C
24. D 11. D 48. B
25. B 12. D 49. B
26. C 13. D 50. D
27. A 14. B 51. A (Correction: sales of
28. A 15. B P400,000)
29. B 16. C 52. A
30. B 17. B 53. A
31. A 18. D 54. A
32. A 19. D 55. B
33. C 20. B 56. A
34. D 21. B 57. D
35. B 22. B 58. C
36. A 23. B 59. D
37. A 24. C 60. C
38. C 25. C 61. D
39. D 26. B 62. None of the above
40. A 27. D P1,178,571. Suggested
41. None of the above, 28. C answer of C would
P33,000
 only be true if the net 10. D 50. A
income after tax is 11. A 51. C
given as P100,800). 12. D 52. B
63. D 13. C 53. B
64. C 14. C (Foster planning 54. C
65. D operations, provide a 55. D
66. B framework….) 56. C
67. D 15. D 57. D
68. A 16. D 58. B
69. B 17. B 59. D
70. B 18. B 60. D
71. C 19. A 61. C
72. D 20. E 62. B
73. A 21. B 63. D
74. A 22. D 64. A (Correction: …are
75. C 23. D required for each
76. Incomplete question 24. D finished unit produced.
77. A 25. B The ending raw
78. A 26. B materials for each
79. A 27. C month equals 200% of
80. A 28. B next month’s
81. None of the above 29. D production
(P15,000) 30. C requirements).
82. D 31. B 65. B
83. C 32. A 66. A
84. A 33. D 67. A
85. D 34. B 68. D
86. B 35. C 69. C
87. C 36. D 70. None
88. D 37. A and D (both are parts 71. A
89. B of the financial budget) 72. A
90. A 38. A 73. C
39. D 74. D
Chapter 6
40. D 75. B (…number of tables
1. C 41. A to be purchased
2. D 42. D produced)
3. D 43. D 76. A
4. B 44. C 77. B
5. D 45. A 78. C
6. A 46. D 79. D
7. D 47. B 80. B
8. D 48. A 81. C
9. B 49. B 82. D
83. C 123. A (Correction 163. B
84. C 19AB) 164. D
85. D 124. A 165. D
86. C 125. C 166. D
87. B 126. D 167. D
88. D 127. B 168. A
89. A 128. C 169. B
90. C 129. C (All costs are 170. B
91. C variable except for 171. A
92. C P100,000) 172. B
93. A 130. D 173. D
94. D 131. A 174. A
95. C 132. D 175. C
96. B 133. B 176. B
97. D 134. B 177. A
98. B 135. B 178. A
99. C 136. B 179. E
100. D 137. C 180. A
101. D 138. A 181. C
102. D 139. C 182. C
103. D 140. B
Chapter 6 True or False
104. C 141. B
105. D 142. D 1. True
106. A 143. B 2. True
107. B 144. A 3. True
108. D 145. B 4. True
109. A 146. B 5. False
110. B 147. C 6. True
111. C 148. B 7. False
112. D 149. D 8. True
113. Invalid problem 150. C 9. False
114. Invalid problem 151. D 10. False
115. D 152. A
116. None of the above: 153. B Chapter 7
Cash borrowing of 154. D 1. C
P50,000 155. B 2. B
117. B 156. B 3. B
118. C 157. D 4. B
119. D 158. D 5. D
120. D 159. C 6. D
121. D 160. B 7. A
122. A 161. D 8. C
162. C 9. D
10. B 53. D 93. B
11. A 54. B 94. A
12. D 55. D 95. C
13. C 56. D 96. A
14. D 57. A 97. B
15. D 58. A
Chapter 8
16. D 59. D
17. D 60. A 1. B
18. B 61. D 2. C
19. A 62. A 3. D
20. D 63. C 4. B
21. C 64. A 5. A
22. B 65. B 6. B
23. A 66. D 7. D
24. A 67. A 8. C
25. C 68. B 9. B
26. C 69. B 10. A
27. D 70. B 11. D
28. B 71. A 12. C
29. B 72. B 13. B
30. A 73. C 14. A
31. D 74. A 15. D
32. C 75. B 16. D
33. B 76. A 17. A
34. C 77. B 18. A
35. B 78. D 19. B
36. A 79. A 20. A
37. D 80. B 21. A
38. D 81. A 22. A
39. D 82. B 23. D
40. A 83. D 24. D
41. D 84. D 25. A
42. B 85. D 26. C
43. D 86. D 27. D
44. B 87. C 28. A
45. B 88. A 29. D
46. A 89. C 30. D
47. D 90. A (Correction in tables: 31. C
48. D Total FOH per DLH 32. A
49. A 80% P7 P6.50 and 33. B
50. D 90% P6.50 P6) 34. B
51. A 91. A 35. D
52. D 92. A 36. A
37. A 78. D
38. A 79. B
39. C 80. B
40. B 81. D
41. B 82. A
42. B 83. D
43. C 84. D
44. C
45. D
46. B
47. A
48. D
49. D
50. C
51. B
52. A
53. D
54. D
55. B
56. B
57. D
58. C
59. D
60. B
61. B
62. C
63. C
64. B
65. B
66. D (Correction on the
letters of the choices
from e to h to a to d)
67. C
68. D
69. A
70. A
71. B
72. A
73. A
74. D
75. C
76. C
77. B