CMA 美国注册管理会计师 英文 P2【第132课】SectionC-1 Decision Analysis (2)
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Correct answer c.
P2 Section C
Section A. Financial Statement Analysis 1. Financial Ratio, 2. Profitability analysis 3. Special issues
Section E. Investment Decision What long-term investments should the firm engage in? 1. Capital budgeting process 2. Discounted cash flow analysis 3. Risk analysis in capital investment
a. 12.5%. b. 33.3%. c. 50.0%. d. 66.6%.
P2 Section C
Decision Making
Example 12:
考点：Calculate selling price using a cost-based approach Almelo’s mark-up level is 12.5% as shown below. Markup: $9 - $6 cost - $2 Fixed overhead = $1 Markup %: $1 ÷ $8 = 12.5% Correct answer a.
P2
Section B. Corporate FinanceSection How can the firm raise the money for the required investments? 1. Long-term financial management--Determine the weighted average (historical) cost of capital and the cost of its individual components 2. Raising capital
Model
A
B
C
Volume needed (units) 5,000 6,000 3,000
Manufacturing costs
Variable direct costs
$10
$24
$20
Variable overhead
5
10
15
Fixed overhead
11
20
17
Total manufacturing costs $26
3. To offer cash terms or credit terms to
customer?
P2 Section C
4. How to collect cash?
Decision Making
Example 7:
Synergy Inc. produces a component that is popular in many refrigeration systems. Data on three of the five different models of this component are as follows.
a. $874.00. b. $882.00. c. $961.40. d. $1,026.30.
P2 Section C
Decision Making
Example 11:
考点：Calculate selling price using a cost-based approach
Bcc should bid $1,026.30 per unit as shown below.
P2 Section C
Decision Making
Example 13:
考点：Demonstrate an understanding of the shortrun equilibrium price for the firm in (1) pure competition; (2) monopolistic competition; (3) oligopoly; and (4) monopoly using the concepts of marginal revenue and marginal cost
A monopolist seeking to maximize total profit will produce up to the output at which marginal revenue equals marginal cost. To sell beyond this point, the price would need to be lowered and marginal cost would exceed marginal revenue.
P2 Section C
Decision Making
Example 11:
Basic Computer Company (BCC) sells its microcomputers using bid pricing. It develops its bids on a full cost basis. Full cost includes estimated material, labor, variable overheads, fixed manufacturing overheads, and reasonable incremental computer assembly administrative costs, plus a 10% return on full cost. BCC believes bids in excess of $1,050 per computer are not likely to be considered. BCC’s current cost structure, based on its normal production levels, is $500 for materials per computer and $20 per labor hour. Assembly and testing of each computer requires 17 labor hours. BCC expects to incur variable manufacturing overhead of $2 per labor hour, fixed manufacturing overhead of $3 per labor hour, and incremental administrative costs of $8 per computer assembled.
P2 Section C
Decision Making
Example 13:
A monopoly will maximize profits if it produces an output where marginal cost is
a. less than marginal revenue. b. greater than marginal revenue. c. equal to marginal revenue. d. equal to price.
Section C. Decision Analysis What choice of production technology? 1. Introducing a new product or changing output levels of existing products, 2. Accepting or rejecting special orders, 3. Making or buying a product or service, 4. Selling a product or performing additional processes and selling a more value- added product, 5. Adding or dropping a segmen 6. Pricing
8.00 $ 933.00
93.30 $1,026.30
Correct answer d.
P2 Section C
Decision Making
Example 12:
Almelo Manpower Inc. provides contracted bookkeeping services. Almelo has annual fixed costs of $100,000 and variable costs of $6 per hour. This year the company budgeted 50,000 hours of bookkeeping services. Almelo prices its services at full cost and uses a cost-plus pricing approach. The company developed a billing price of $9 per hour. The company’s mark-up level would be
Direct material Direct labor Variable overhead Fixed overhead Administrative cost Subtotal 10% return Total
$ 500.00 340.00 ($20 x 17)
34.00 ($2 x 17) 51.00 ($3 x 17)
Illegal Pricing
Predatory pricing • Below an appropriate measure of cost • Has a reasonable prospect of recovering the resulting loss through high prices or greater market share • Destroy competitors
P2 Section C
Section A. Financial Statement Analysis 1. Financial Ratio, 2. Profitability analysis 3. Special issues
Section E. Investment Decision What long-term investments should the firm engage in? 1. Capital budgeting process 2. Discounted cash flow analysis 3. Risk analysis in capital investment
a. 12.5%. b. 33.3%. c. 50.0%. d. 66.6%.
P2 Section C
Decision Making
Example 12:
考点：Calculate selling price using a cost-based approach Almelo’s mark-up level is 12.5% as shown below. Markup: $9 - $6 cost - $2 Fixed overhead = $1 Markup %: $1 ÷ $8 = 12.5% Correct answer a.
P2
Section B. Corporate FinanceSection How can the firm raise the money for the required investments? 1. Long-term financial management--Determine the weighted average (historical) cost of capital and the cost of its individual components 2. Raising capital
Model
A
B
C
Volume needed (units) 5,000 6,000 3,000
Manufacturing costs
Variable direct costs
$10
$24
$20
Variable overhead
5
10
15
Fixed overhead
11
20
17
Total manufacturing costs $26
3. To offer cash terms or credit terms to
customer?
P2 Section C
4. How to collect cash?
Decision Making
Example 7:
Synergy Inc. produces a component that is popular in many refrigeration systems. Data on three of the five different models of this component are as follows.
a. $874.00. b. $882.00. c. $961.40. d. $1,026.30.
P2 Section C
Decision Making
Example 11:
考点：Calculate selling price using a cost-based approach
Bcc should bid $1,026.30 per unit as shown below.
P2 Section C
Decision Making
Example 13:
考点：Demonstrate an understanding of the shortrun equilibrium price for the firm in (1) pure competition; (2) monopolistic competition; (3) oligopoly; and (4) monopoly using the concepts of marginal revenue and marginal cost
A monopolist seeking to maximize total profit will produce up to the output at which marginal revenue equals marginal cost. To sell beyond this point, the price would need to be lowered and marginal cost would exceed marginal revenue.
P2 Section C
Decision Making
Example 11:
Basic Computer Company (BCC) sells its microcomputers using bid pricing. It develops its bids on a full cost basis. Full cost includes estimated material, labor, variable overheads, fixed manufacturing overheads, and reasonable incremental computer assembly administrative costs, plus a 10% return on full cost. BCC believes bids in excess of $1,050 per computer are not likely to be considered. BCC’s current cost structure, based on its normal production levels, is $500 for materials per computer and $20 per labor hour. Assembly and testing of each computer requires 17 labor hours. BCC expects to incur variable manufacturing overhead of $2 per labor hour, fixed manufacturing overhead of $3 per labor hour, and incremental administrative costs of $8 per computer assembled.
P2 Section C
Decision Making
Example 13:
A monopoly will maximize profits if it produces an output where marginal cost is
a. less than marginal revenue. b. greater than marginal revenue. c. equal to marginal revenue. d. equal to price.
Section C. Decision Analysis What choice of production technology? 1. Introducing a new product or changing output levels of existing products, 2. Accepting or rejecting special orders, 3. Making or buying a product or service, 4. Selling a product or performing additional processes and selling a more value- added product, 5. Adding or dropping a segmen 6. Pricing
8.00 $ 933.00
93.30 $1,026.30
Correct answer d.
P2 Section C
Decision Making
Example 12:
Almelo Manpower Inc. provides contracted bookkeeping services. Almelo has annual fixed costs of $100,000 and variable costs of $6 per hour. This year the company budgeted 50,000 hours of bookkeeping services. Almelo prices its services at full cost and uses a cost-plus pricing approach. The company developed a billing price of $9 per hour. The company’s mark-up level would be
Direct material Direct labor Variable overhead Fixed overhead Administrative cost Subtotal 10% return Total
$ 500.00 340.00 ($20 x 17)
34.00 ($2 x 17) 51.00 ($3 x 17)
Illegal Pricing
Predatory pricing • Below an appropriate measure of cost • Has a reasonable prospect of recovering the resulting loss through high prices or greater market share • Destroy competitors
