1. Ricky Corp. budgeted $700,000 of ovechead cost for the current jeit, Actual orethesd cores for the year were $650,000. Pinnacle's plantwide allocation base, machine bours, was budgeted at 100,000 bouss. Actual machine bours were 80,000 . A total of 100,000 units was budgeted to be produced and 98,000 units were actually produced. Ricky's plantwide factory orerhead nte for the current year is A. $6.50 per machine hour B. $7.00 per machine hour C. $8.75 per machine bour D. $8.13 per machine bour 2. The difference between the current sales revenue and the sales at the break-eren point is alled the A. margin of safety B. openting leverage C. price factor D. contribution margin 3. Lee Factory has budgeted factory orethead fot the year at $3,171,000. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 302,000, and budgeted machine bours are 750,000 Using 2 single plantwide factory overhead rate based on direct labor bous, the factory orerhead me for the year is A. $13.65 B. $10.50 C $5.25 D. 550.40 4. If sales are $800,000, variable costs are 25% of sales, and operating income is $253,000, what is the contribution margin tatio? A. 75% B. 29% C. 25% D. 71% 5. The cost of goods sold for Kennedi Manufacturing in the curtent fear wus $233,000. The January 1 finished goods inventory balance was $31,600, and the December 31 finished goods inventory bahance was $24,200. Cost of goods manufactured during the period was A. $225,600 B. $240,400 C. $288,800 C $233,000 6. If fixed costs of Tristan Corporation ate $245,000, the unit selling price is $116, and the unit rariable costs are $78, the break-even sales (units) is A. 2,112 units B. 6,447 units C. 1,263 units D. 3,141 units 7. If fixed costs of Niarm copporation are $248,000, the unit selling price is $117, and the unit variable costs are $77, the number of units that Niarra must manufacture and sell in order to have a zero profit is A. 2,120 units B. 3,221 units C. 6,200 units D. 1,278 units 8. Hudson Factory has budgeted factory overhead for the year at $390,588, and budgeted direct labor hours for the year are 322,800 . If the actual direct labor bours for the month of May are 293,700 , the overiead allocated for May is A. $366,038 B. $355,377 C. $302,070 D. $430,006 9. All of the following can be used as an allocation base for calculating factory ovethead rates except A. direct bbot hours B.machinehoursC.unitsproduced D. direct labor dollars