-8. Just Like Fred Astaire, Ltd. uses a job-order costing system that uses a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead rate for the current year on the following estimated data:

Total estimated machine hours	17,250 Mh
Total estimated MOH cost	$500,250

Recently, Job KF75 was completed with the following characteristics:

# of units in the job	50
Machine hours used for job KF75	40
Direct materials cost for job KF75	$1,093
Direct labor cost for job KF75	$2,982

The cost per unit for Job KF75 is closest to:

	a.	$81.50
	b.	$138.13
	c.	$130.88
	d.	$110.50
	e.	$104.70

--1.

Waltzing Along Corp. is a manufacturer that makes one product. It provided the following information to help prepare the master budget for the next four months of operations:

• The budgeted selling price per unit is $56. Budgeted unit sales for June, July, August, and September are 46,000; 43,800; 42,000; and 45,000 units, respectively. All sales are on credit.
• Regarding credit sales, 25% are collected in the month of the sale and 75% in the following month.
• The ending finished goods inventory equals 20% of the following month's sales.
• The ending raw materials inventory equals 15% of the following months raw materials production needs.
• Each unit of finished goods requires 6 ounces of raw materials. The raw materials cost $1.50 per ounce.
• Regarding raw materials purchases, 15% are paid for in the month of purchase and 85% in the following month.

The budgeted accounts receivable balance at the end of August is closest to:

	a.	$1,764,000
	b.	$1,839,600
	c.	$1,932,000
	d.	$2,427,600
	e.	$1,999,200