1/ If one unit of Product Z2 used $3.20 of direct materials and $3.70 of direct labor, sold for $10.00, and was assigned overhead at the rate of 37% of direct labor costs, how much gross profit was realized from this sale? (Round your intermediate calculations and final answer to two decimal places.)

Multiple Choice

$6.90.

$1.37.

$3.10.

$1.73.

$10.00.

2/ Copy Center pays an average wage of $13 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. Jobs are marked up 15% above cost to determine the selling price. If Job M-47 used $360 of materials and took 20 hours of labor to complete, what is the selling price of the job?

Multiple Choice

$828.

$1,127.

$1,012.

$713.

$713.

3/ Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $5,200,000 (200,000 hours at $26/hour) and that factory overhead would be $1,440,000 for the current period. At the end of the period, the records show that there had been 120,000 hours of direct labor and $1,140,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.)

Multiple Choice

$6.37 per direct labor hour.

$12.00 per direct labor hour.

$5.70 per direct labor hour.

$7.20 per direct labor hour.

$6.78 per direct labor hour.

4/ Using the following accounts and an overhead rate of 150% of direct labor cost, compute the amount of applied overhead.

Work in Process Inventory
Beginning WIP	34,900
Direct materials	55,100
Direct labor	?
Factory Overhead	?
To Finished Goods			213,300
Ending WIP	24,900

Finished Goods Inventory
Beginning FG	4,900
Cost of Goods Mfg'd	213,300

Multiple Choice

$90,000.

$82,650.

$59,280.

$148,200.

$88,920.

5/ Andrew Industries purchased $170,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $23,000, and the materials used to complete jobs during the month were $145,500 of direct materials and $13,500 of indirect materials. What is the ending Raw Materials Inventory balance for March?

Multiple Choice

$47,500.

$12,000.

$34,000.

$24,500.

$9,500.