1-5 Management Accounting: Please answer all ASAP. Thank you very much.

1. Catimini Company uses a predetermined (rational) manufacturing overhead charge rate of $24.14 per direct labor hour. This rate is based on an estimate of 7,500 direct labor hours and a total of $181,050 in manufacturing overhead. In fact, the company incurred manufacturing overhead of $185,500 and logged 7,750 direct labor hours for the period. Determine the amount of understated or overstated manufacturing overhead for the period. Please choose an answer. a) 1,585 overcharged b) 1,585 undercharged c) 4,450 overcharged d) 4,450 undercharged

2) What are the characteristics that define management accounting? Please choose an answer. a) The information is primarily intended for internal users; it is future-oriented and must follow generally accepted accounting principles. b) The information is primarily intended for external users; it is future-oriented and not subject to specific regulations. c) The information is primarily intended for internal users; it is future-oriented and not subject to specific regulations. d) The information is primarily intended for external users; it is backward-looking and must adhere to generally accepted accounting principles.

3. Here is the production report data from a workshop about making storage shelves. The raw material is 100% introduced at the start of production.

Running units at start 200 Degree of completion and cost: Raw material (100%) $30,000 Transformation costs (100%) $7,000 Units put into production 400 Monthly costs: Raw material $45,000 Transformation costs $78,000 Units in progress at the end (100%, 60%) 250

Calculate equivalent units using the FIFO method. Please choose an answer. a) MP: 400; Processing: 450 b) MP: 400; Processing: 400 c) PM: 350; Processing: 250 d) MP: 600; Transformation: 500

4. Here are some costs from a sports energy cookie factory. Determine the cost of the products produced from the costs and information presented.

Raw material remaining as of January 1, 2017 $350 Purchase of raw materials for the month of January $2,500 - As of January 31, $1,800 of raw material had been used. - For the month of January, the direct labor cost was $3,500. The total cookie-making cost for the month of January was $6,300. - The amount of work in progress inventory at January 1 was $600 and at January 31 was $850. The cost of the products produced was: a. $6,300 b. $11,600 c. $6,050 d. $7,750

5. Here is more information from the factory of energy biscuits for athletes. Determine the net profit for the month of January 2017 also using some information from the previous question. Sales for the month of January were $15,000 Started finished product inventory was $500 Here are some amounts of operating expenses: - insurance: $200; - utilities: $300; - rent: $1,200; - Amortization: $500. Net profit for January 2017 was: a) $6,050 b) $7,350 c) $13,400 d) $9,450