87. Which of the following methods of applying the cost-plus approach to product pricing includes selling expenses, administrative expenses, and desired profit in the markup?

a.demand-based method

b.variable cost method

c.product cost method

d.total cost method

140. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the cell conversion cost rate.

a.$240.00 per unit

b.$296.00 per unit

c.$1,842.50 per unit

d.$268.00 per unit

142. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August.

a.$428,800

b.$473,600

c.$369,840

d.$408,480

144. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a lean cell for each customer. The following information relates to only one customer's lean cell for the coming year. For the year, projected labor and overhead was $7,370,000 and materials costs were $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units. Conversion costs are applied based on units of production

From the foregoing information, determine the production costs transferred to Cost of Goods Sold during August.

a.$408,480

b.$428,800

c.$473,600

d.$369,840

5.

A report that summarizes actual costs, standard costs, and the differences for the units produced is called a

a.zero-based budget report

b.budget performance report

c.master budget

d.budget