37.Olds Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 8,600 Variable costs per unit: Direct materials $149 Direct labor $112 Variable manufacturing overhead $7 Variable selling and administrative expense $11 Fixed costs: Fixed manufacturing overhead $301,000 Fixed selling and administrative expense $653,600 There were no beginning or ending inventories. The absorption costing unit product cost was:

38

Gambarini Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $208.90 per unit.

Sales volume (units)	15,500	17,420
Cost of sales	$1,271,000	$1,428,440
Selling and administrative costs	$617,700	$658,020

The best estimate of the total monthly fixed cost is:

39.

Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $77,250 and 2,500 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $79,000 and actual direct labor-hours were 2,400.

The applied manufacturing overhead for the year was closest to: