Question
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
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: |
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