31) Total direct materials and direct labor of a Bloomberg company total $8,000,000. If manufacturing overhead is $4,000,000, what is total manufacturing cost? a. $4,000,000 b. $8,000,000 c. $12,000,000 d. Cannot be determined from the information provided 32. Fixed costs normally will not include a. property taxes. b. direct labor. c. supervisory salaries. d. depreciation on buildings and equipment. 33 33 At the high level of activity in January, 11,000 machine hours were run and costs were $120,000. In April, a month of low activity, 3,000 machine hours were run and costs amounted to $80,000. Using the high-low method, the estimated fixed cost element of power costs is a. $110,000. b. $90,000. c. $65,000. d. $120,600. 3 4 33) Arden Manufacturing produces special dry-erase markers, which it sells for $S each Each marker costs $3 of variable costs to make. During December, 200,000 drives were sold How much is the contribution margin ratio? a. 25% b. 40% c. 65% d. 75% 3 5 34) Noureen company sells a product which has a unit sales price of $10, unit variable cost of $5 and total fixed costs of $250,000. The number of units Noureen company must sell to break even is a. 50,000 units. b. 60,000 units. c. 64,000 units. d. 55,000 units 35) Stand Alone Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the project's life are