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15) Which of the following corred h e n ie for indirect labor com A) Indirect labor costs are products and are a s incurred

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15) Which of the following corred h e n ie for indirect labor com A) Indirect labor costs are products and are a s incurred B) Indirect labor costs are period costs and are expenses incurred C) Indirect labor costs are period costs and are ned when the manufactured products D) Indirect labor costs are products and re d when the manufactured product is sold 16) Matthew's Fish Fry has a monthly target operating income of 57200 Variable expenses are 60 of sales and monthly fixed expenses are $1,800. What is Matthew's operating leverage factor at the target level of operating income? A) 1.25 B) 0.75 C) 0.80 D) 5.00 17) The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year which resulted in loss of including the accounting records. Some data for the year were retrieved and extracts from it are shown below: Total manufacturing overhead estimated at the beginning of the year $105,840 Total direct labor costs estimated at the beginning of the year $186,000 Total direct labor hours estimated at the beginning of the year 3,600 direct labor houts Total machine hours estimated at the beginning of the year 9,000 machine hours Actual manufacturing overhead costs for the year $99,760 Actual direct labor costs for the year $142,000 Actual direct labor hours for the year 2,950 direct labor houts 10,000 machine houts Actual machine hours for the year The company's manufacturing overhead allocation is based on the number of machine hours. What is the amount of manufacturing overhead cost allocated to Work-in-Process Inventory during the year? (Round your intermediate calculations to two decimal places) A) $60,977 B) $152,417 C) $86,730 D) $117,600 18) Palmer's Gourmet Chocolates produces and sells assorted boxed chocolates. The unit selling price is $50, unit variable costs are $25, and total fixed costs are $2,000. What are breakeven sales in dollars? A) $80 B) $2,000 C) $1,333 D) $4,000

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