1A) Total costs are $220,000 when 25,000 units are produced of this amount, variable costs are $70,000 What are the total costs when 28,000 units are produced $246,000 $238,000 $228,400 Total costs cannot be calculated on the information presented None of the answers is correct 1B) A company has fixed costs of $700 and a per unit contribution margin of $6 Which of the following statements is true Each unit contributes $6 toward covering the fixed costs of $700 The situation described is not possible and there must be an error Once the break even point is reached, the company will increase income at the rate of $6 per unit The firm will definitely lose money in this situation Each unit contributes $6 toward covering the fixed costs of $700 and once the break even point is reached, the company will increase income at the rate of $6 per unit 1C) The accounting records of Upton Company revealed the following information Cost of goods manufactured $ 771,000 Work in process inventory, 1 1 75,000 Finished goods inventory, 1 1 142,000 Work in process inventory, 12 31 66,000 Finished goods inventory, 12 31 175,000 Upton's cost of goods sold is $795,000 $804,000 $738,000 $747,000 None of the answers is correct 1D) St Vincents, Inc , currently uses traditional costing procedures, applying $1,148,000 of overhead to products Beta and Zeta on the basis of direct labor hours The company is considering a shift to activity based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers Data on the cost pools and respective driver volumes follow Product Pool No 1 (Driver DLH) Pool No 2 (Driver SU) Pool No 3 (Driver PC) Beta 2,000 40 2,550 Zeta 3,600 55 780 Pool Cost $ 392,000 $ 256,500 $ 499,500 The overhead cost allocated to Zeta by using traditional costing procedures would be $410,000 $526,000 $614,000 $738,000 None of the answers is correct

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1A) Total costs are $220,000 when 25,000 units are produced; of this amount, variable costs are $70,000. What are the total costs when 28,000 units

1A) Total costs are $220,000 when 25,000 units are produced; of this amount, variable costs are $70,000. What are the total costs when 28,000 units are produced?

$246,000
$238,000
$228,400
Total costs cannot be calculated on the information presented
None of the answers is correct

1B) A company has fixed costs of $700 and a per-unit contribution margin of $6. Which of the following statements is true?

Each unit contributes $6 toward covering the fixed costs of $700
The situation described is not possible and there must be an error
Once the break-even point is reached, the company will increase income at the rate of $6 per unit
The firm will definitely lose money in this situation
Each unit contributes $6 toward covering the fixed costs of $700 and once the break-even point is reached, the company will increase income at the rate of $6 per unit

1C) The accounting records of Upton Company revealed the following information:


Cost of goods manufactured	$	771,000
Work-in-process inventory, 1/1		75,000
Finished-goods inventory, 1/1		142,000
Work-in-process inventory, 12/31		66,000
Finished-goods inventory, 12/31		175,000

Upton's cost of goods sold is:

$795,000
$804,000
$738,000
$747,000
None of the answers is correct

1D) St. Vincents, Inc., currently uses traditional costing procedures, applying $1,148,000 of overhead to products Beta and Zeta on the basis of direct labor hours. The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts components (PC) as cost drivers. Data on the cost pools and respective driver volumes follow.