1. If overhead used was $50,000 and direct materials used was $100,000 and direct labor used was $60,000 then how much was prime cost?

Group of answer choices

$210,000

$160,000

$150,000

$110,000 2. R Company uses a predetermined overhead rate of $12 per direct labor hour to apply overhead. During the year, 30,000 direct labor hours were worked. Actual overhead costs for the year were $320,000. The overhead variance is:

Group of answer choices

$35,560 underapplied

$40,000 underapplied

$36,000 overapplied

$36,000 underapplied

$40,000 overapplied 3. Beginning inventory for J Company was 1,000 units and ending inventory was 6,000 units. The direct labor cost per unit was $40. The direct material cost per unit was $20. The variable overhead cost per unit was $10. The fixed overhead cost per unit was $30. The variable selling and administrative cost per unit was $6. The fixed selling and administrative cost per unit was $14. What is the value of the ending inventory using the absorption costing method?

Group of answer choices

$420,000

$240,000

$380,000

$360,000

$600,000 4. R Corporation has a $150 per unit sales price for its only product. Variable production costs per unit manufactured are $40. Variable selling and administrative expenses per unit sold are $16. Total fixed production costs are $200,000. Total fixed selling and administrative expenses are $140,000. During the period there were 10,000 units produced and 8,000 units sold. There were no beginning inventories. What is the net income for F Company using the variable costing method?

Group of answer choices

$600,000

$1,200,000

$452,000

$412,000

$480,000

5. Using the high-low method, a company determined that per-unit variable costs were $12 and total fixed costs were $51,000. What total costs would the company forecast assuming it plans to sell 8,000 units next period?

Group of answer choices

$125,000

$147,000

$51,000

$96,000