1) you need the following data to calculate economic order quantity EXCEPT:

a) The cost to place an order

b) the demand for the product

c) the cost to maintain the inventory in stock

d) the estimate of time between placement and receipt of order

2) A merchandising company is trying to determine the cost to carry 1 unit of inventory in stock for a year. which of the following should they consider in the calculation( select all that apply)

a) insurance on inventory held in the finish good warehouse

b) Wages of receiving clerk

c) cost of finish good damaged in a flood of the warehouse

d) wages of the warehouse worker

3) Sam worked 44 hours last week on the assembly line for Breakbad manufacturing doing the following: MON: 3 hours on the line, 5hours idle due to equipment malfunction, TUES: 8 hours on the line, WED: 8 hours on the line, THURS: 12 hours on the line ( 4 of the hours are considered overtime), FRI: 8 hours on the line

He worked overtime on Thursday to help company catch up on theproduction. they were behind because of Monday equipment malfunction.Sam makes $40 per hours and is paid $60 an hours overtime. how much ofhis compensation should be debited to MOH?

4) Sky Enterprise allocate MOH based on direct labor hours. If MOH is OVERAPPLIED, the most likely reason is that

a) the actual direct labor hours worked exceeded thebudgeted direct labor hours

b) budgeted direct labor hours exceeded actual direct labor hour worked

c) Actual MOH costs exceeded budgeted total MOHcost

d) cost of direct material used exceeded budgeted direct material cost

5)Merger Manufacturing uses DIRECT LABOR COST as allocation base to apply MOH to WIP. The budgeted direct labor cost for the year was 1,000,000. The budgeted manufacturing overhead was 800,000

Actual direct labor cost for the year was1,100,000. Actual manufacturing overhead was 825,000.

a) what was Merger's predetermined factory overhead rate per direct labor dollar

b) How much MOH was applied to WIP during the year?