19 Downtowm Company accumulaned the teilewing accoune information for the year oo0 Indirect maberals cost 7000 indirect labor cost 6300 eQugmec s000 Direct labor cost using the above infommacion, cotal manufacturing everhead cests D) S2S,300 o $14,000 s $20.300 A) $12,200 17) If overhead applied is less than actual overthead incurred, it is s Underappled Overagelied D) Expected A) Fully applied 19 if the selling price per unit of desigmer bags is $s.000, the variable costs are $3.000, and the fixed costs are $20,000, what is one of the two ways to arrive at the sales in dollars? breakeven A) (Faxed costs dvided by Selling price per unit-variable cost per uniel multiplied by selling price per unit. E) Fixed costs multiplied by cotribution margin ratio O Operating income divided by contribution margin D) (Fixed costs plus target operating income) multiplied by selling price 19) A S1,000 bond that sells for 101 has a slling price of B) $1,000. O $1,010 D) $1,001. A) $1,100. 20) On December 30, 2020, Varsity Corporation sold available for sale marketable securities costing $600,000 for $620,000 cash. The securities were purchased on January 2, 2018 and the market value of the securities on December 31, 2018 and December 31, 2019 was $605,000 and $630,000, respectively. How much gain or loss will Varsity report in its income statement for the year ending December 31, 2020 A) $5,000 gain. $20,000 gain. 8) $30,000 gain. D) $10,000 loss