33. For 2014, Kelly Company's manufacturing overhead costs totaled $2,871,400. At the end of the period, manufacturing overhead had been underapplied by $5,310. As a result:

none of these.

cost of goods sold increases.

48.

Which of the following is an activity-based cost driver?

Material cost

All of these answers are correct.

Machine hours

Number of machine setups

manufacturing overhead increases.

cost of goods sold decreases.

34.

The reporting method that includes in the cost of inventory (and cost of goods sold) all product costs, including both fixed and variable costs is known as:

absorption costing.

direct costing.

variable costing.

total costing.

3.

What amount of cash must be invested today in order to have $39,000 at the end of one year assuming the rate of return is 8%? (Do not round your PV factors.)

$35,880.00

$31,200.00

$33,436.21

$36,111.11