1) X Company incurred the following costs in 2017:

Factory insurance		$5,629
Customer service		4,766
Advertising costs		4,594
Factory maintenance		5,023
Direct labor		5,972
Direct materials		4,514
Sales salaries		5,023
Factory utilities		5,153
Research & Development		5,599
Material handling		4,174

What was total overhead in 2017?

2) X Company had the following inventory account balances in 2017:

Account	January 1	December 31
Materials	$14,524	$16,900
Work in Process	14,622	21,768
Finished Goods	14,594	14,594

The following additional information for the year is available:

Direct materials purchased		$64,208
Direct labor		23,004
Overhead		46,268

What was Cost of Goods Sold in 2017?

3) X Company has two production departments, X and Y. Listed below is budgeted information for the two departments, and actual information for one of its products, Product 1:

Department X	All Products	Product 1
Overhead	$5,400,000	-
Direct labor	$750,000	$13,440
Direct labor hours	50,000	896
Machine hours	110,000	1,040
Units produced	55,000	650
Department Y
Overhead	$1,800,000	-
Direct labor	$750,000	$3,975
Direct labor hours	50,000	265
Machine hours	130,000	900
Units produced	36,000	650

Using a plantwide allocation system with direct labor hours as the cost driver, what was the allocation to Product 1?

4) X Company makes two products, A and B, and uses an activity-based costing overhead allocation system, with three cost pools and three cost drivers. Budgeted costs and driver information for 2017 were as follows:

	Cost Pool 1	Cost Pool 2	Cost Pool 3
Budgeted costs	$113,000	$53,000	$31,000
Cost Drivers
Product A	84,000	62,000	75,000
Product B	63,000	54,000	47,000

What was the allocation to Product B in 2017?

5) X Company manufactures a single product, Product A, and budgets total manufacturing costs each month. The accountant provides the following information about its manufacturing process:

Direct material quantity		2.6 pounds per unit of Product A
Direct material price		$22.00 per pound
Direct labor time		1.7 hours per unit of Product A
Direct labor wage rate		$15.90 per hour

The budgeted monthly overhead cost function is $3,600+$2.20X, where X is the number of units produced. If X Company expects to produce 940 units of Product A in December, what are budgeted total manufacturing costs for December?

6) X Company wants to estimate overhead costs in March, when production is expected to be 1,300 units. To determine the parameters of its overhead cost function, it used account analysis with the January cost information below and when production was was 1,000 units.

	Total	Total Variable
Utilities	$42,800	$42,800
Maintenance	57,000	30,780
Supervision	23,000	0

Using the resulting cost function, what is X Company's estimate of total overhead costs in March?

7) X Company has the following data from 2016 and 2017:

	2016	2017
Total costs	$254,000	$403,500
Units produced	32,000	58,000

Expected production in 2018 is 42,400 units. Using the high-low method with the 2016 and 2017 data to determine the parameters of the cost function, what are estimated total costs in 2018?

8) In 2018, X Company expects to produce and sell 70,000 units of its only product for $33.84. The following are budgeted variable costs per unit:

Direct materials		$4.60
Direct labor		5.10
Variable overhead		5.54
Variable selling and administrative		5.25
Total		20.49

Budgeted fixed overhead for 2018 is $202,300, and budgeted fixed selling and administrative expenses are $202,300. What is X Company's budgeted contribution margin rate for 2018?

9) X Company's profit equation next year is expected to be 0.44R-$13,600, where R is total revenue. Assuming a tax rate of 32%, what must next year's revenue be in order for X Company to earn after-tax profits of $23,000?

10) In 2017, X Company had the following selling price and per-unit variable cost information:

Selling price			$188
Variable manufacuting costs			97
Variable selling and administrative costs			30

In 2017, total fixed costs were $632,000. In 2018, there are only two expected changes. Direct material costs are expected to decrease by $6 per unit, and fixed selling and administrative costs are expected to increase by $20,000. What must unit sales be in order for X Company to break even in 2018?

11) The following information is available for the 23,000 units of X Company's one product sold in 2017:

Selling price	$54.00
Variable costs per unit	$16.00
Total fixed costs	$805,000

In 2018, X Company expects sales to increase to 27,000 units, but it is uncertain what variable costs per unit will be. What must variable costs per unit be in order for X Company to break even in 2018?

12) X Company estimates the following for its three products, A, B, and C, for 2018:

	A	B	C
Revenue	$65,125	$25,346	$33,156
Total variable costs	40,438	20,367	16,632

Fixed costs in 2018 are expected to be $19,200. What is the expected weighted average contribution margin rate in 2018?