1. Jones Inc. has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. Production Volume---------------3,000 units 4,000 units Direct Materials--------------------$73.90 per unit 73.90 Direct labor-------------------------$49.20 per unit 49.20 Manufacturing overhead-------$ 70.10 per unit 55.20 per unit The best estimate of the total cost to manufacture 3,300 units is: 2. At an activity level of 9,200 machine-hours in a month, Smith Company's total variable production engineering cost is $761,300 and its total fixed production engineering cost is $154,008. What would be the total production engineering cost per unit, both fixed and variable, at an activity level of 9,300 machine-hours in a month? Assume that this level of activity is within the relevant range. 3. The following data pertains to activity and maintenance costs for two recent years: Year 2 year 1 Activity level in units 12,000 8,000 Maint Cost 15,000 12,000 Using the high-low method, the cost formula for maintenance would be: (4-5) A partial listing of costs incurred at David Inc. during November appears below: Direct materials 157,000 Utilities, factory 6,000 Admin salaries 99,000 Indirect labor 25,000 Sales Commissions 54,000 Depreciation of prod equip 46,000 Depr. of Admin equipment 30,000 direct labor 114,000 Advertising 61,000 4. The total of the manufacturing overhead costs listed above for November is: 5. The total of the product costs listed above for November is: (6-7) Brown Inc., a merchandising company, reported sales of 2,200 units in June at a selling price of $600 per unit. Cost of goods sold, which is a variable cost, was $364 per unit. Variable selling expenses were $23 per unit and variable administrative expenses were $33 per unit. The total fixed selling expenses were $30,500 and the total administrative expenses were $55,300. 6. The contribution margin for June was: 7. The gross margin for June was: 8. The following data have been recorded for recently completed Job 896 on its job cost sheet. Direct materials cost was $2,039. A total of 32 direct labor-hours and 175 machine-hours were worked on the job. The direct labor wage rate is $14 per labor-hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost for the job on its job cost sheet would be: 9. Peter Inc. had $35,000 of raw materials on hand on May 1. During the month, the company purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $5,000. The debits to the Work in Process account as a consequence of the raw materials transactions in May total: 10. Smith Inc. applies overhead to jobs on the basis of 60% of direct labor cost. If Job 487 shows $27,000 of manufacturing overhead applied, the direct labor cost on the job was