17).ABP Co. reported the following per unit amounts in the current fiscal year: $75 sales price; $12.50 variable selling expense; $8.75 direct material; $14.50 direct labor; $16.25 manufacturing overhead. They also reported $26,250 in fixed selling expenses. How much is cost of goods sold?

a).$75.00 b).$52.00 c).$39.50 d).$127.00

18).The sales budget reported the following sales in units for fiscal year 5. The company wants to maintain a desired ending finished goods inventory in the current quarter equal to 20% of the next quarters production. They began the first quarter of year 5 with 2,400 units in the beginning finished goods inventory.

Sales (in units) Q1 12,000; Q2 13,100; Q3 15,000; Q4 14,500

What is total production in units for quarter 2?

a).13,100 b).16,100 c).13,480 d).13,700

19).StayWalk Co produces exercise machines. They wants an ending raw material inventory equal to 10% of the next quarters total material needs in pounds are Q1 15,000 lbs; Q2 12,000 lbs; Q3 13,300 lbs; and Q4 9,600. The beginning raw materials inventory for Q1 is 1,500 lbs. What is the quarter 2 beginning raw materials inventory?

a).1,200 lbs b).960 lbs c).1,500 lbs d).1,330 lbs

20).Rookwood Pottery produces a commemorative Indian wedding vase. Each vase requires 12 direct labor hours to produce. The average direct labor pay rate is $25 per hour. Production in units is Q1 225; Q2 160; Q3 185; and Q4 210. What are the total direct labor costs for quarter 2?

a).$48,000 b).$4,000 c).$25 d).$55,500

21).LeFemme sold 1,200 units at $12 each. Cost incurred were: $0.50 direct material; $2 direct labor; $1.50 overhead; $1 variable selling expenses and $6,300 fixed selling expenses per year. How much is total net income?

a).$2,100 b).$9,600 c).$14,400 d).$4,800