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ACCCOB3 Quiz 1 Problem Solving with Solutions — Practice Questions and Worked Answers

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This document contains problem-solving questions and detailed solutions for ACCCOB3 Quiz 1. It covers key accounting and business concepts, providing step-by-step explanations to help students understand calculations, apply theoretical principles, and prepare for quizzes and exams.

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ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf




1 Total cost = [(DM+DL+Variable Manufacturing Overhead)*1300] + (Fixed Manufacturing Ov
DM 21,000 Fixed OH
DL 11,250 Units
Variable OH 16,500
48,750 Add
Units 1,300 Total Cost
63,375,000




ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf

,ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf




2 Cost per unit = = {[(DM+DL+Variable Manufacturing Overhead)*2000] + (Fixed Manufacturi
DM 21,000 Fixed OH
DL 18,250 Units
Variable OH 6,500
45,750 Add
Units 2,000 Total Cost
91,500,000 DIvide
Cost per unit




3 Beg, raw materials 30,000
add: purchase 29,000
Less: end, raw mate 22000
raw materials used 37,000
Direct labor 24000
Prime cost 61,000




ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf

,ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf




4 DL 25,000
OH 75,000
Conversion cost 100,000




ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf

, ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf




5 Beg, raw materials 30,000
add: purchase 67,000
Less: end, raw mate 35000
raw materials used 62,000
Direct labor 22000
OH 62700
Product cost 146,700




ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf
ACCCOB3 Quiz1 problem solvings with solutions.pdf

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Uploaded on
January 31, 2025
File latest updated on
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Number of pages
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