13) Mclntosh, Inc. reports the following information: Beginning Finished Goods Inven Units produced Units sold Sales Direct materials Direct labor Variable manufacturing overhead 570units 5120 524 $15,500 xed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 513,500 What is the unit product cost using variable costing? (Round your answer to the nearest cent.) A) 585,.159 B) $61.19 C) $113.88 D) $59.00 14) June sales were s30,000, while projected sales for July and August were $$2,000 and $74,000, respectively. Sales are 60% cash and 40% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July A) $43,200 B) 531,200 C) $38,80D D) $12,000 15) Costs are transferred from the balance sheet to the income statement as cost of goods sold when 15) A) direct materials, direct labor and manufacturing overhead are transferred to the beginning Work-in- Process Inventory account B) finished goods are sold C) the total of Cost of Goods Manufactured is determined D) goods are transferred from the Work-in-Process Inventory account to the Finished Goods Inventory account 16) Lake Country Promotional Services uses a border system for costing and biling promotional 16) services for dance and ballet performances, Lake Country has four public relations specialists plus an office staff. At the beginning of the year, Lake Country estimated the total cost of salaries ar benefits for the publi relations specialists at $684,000 and a total of 7600 billable hours for the year The office and administrative costs were estimated at $418,000. The allocation base for office and administrative costs is billable hours. In June, Lake Country signed a contract for a Russian ballet performance. It negotiated a price of $6500 for its services. When the job was complete, Lake Country's records showed that it had logged 36.0 billable hours. What was the amount of gross profit that Lake Country made on the job? B) $6500 D) $3240 A) $1280 17) In a production cost report prepared under the FIFO method, equivalent units of production are NOT computed for A) units started and completed in the current period B) units completed in beginning work-in-process inventory C) unitsin ending work-in-process inventory D) units started in the current period