1_Which of the following is a correct journal entry to record the transfer of finished goods from production department to finished goods store room?

Select one:

a. Finished goods Dr. & Work in process Cr.

b. Finished goods Dr. & Store room Cr.

c. Finished goods Dr. & Cost of goods sold Cr.

d. Work in process Dr. & Finished goods Cr.

2_When the activity level is expected to decline within the relevant range, what effects would be anticipated with respect to each of the following? Fixed costs per unit variable costs per unit

Select one:

a. No change Increase

b. Increase Increase

c. Increase No change

d. No change No change 3_Happy Valley Land and Snow Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers Labor hours $320,000 8,000 hours Gas $36,000 6,000 gallons Invoices $40,000 2,500 invoices Total costs $396,000 The above activities used by their three departments are: Lawn Department Bush Department Plowing Department Labor hours 2,500 hours 1,200 hours 4,300 hours Gas 1,500 gallons 800 gallons 3,700 gallons Invoices 1,600 invoices 400 invoices 500 invoices How much of invoice cost will be assigned to the Bush Department?

Select one:

a. $40,000

b. $25,600

c. $8,000

d. $6,400