11. A company has over-absorbed fixed production overheads for the period by 6,000. The fixed production overhead absorption rate was 8 per unit and is based on the normal level of activity of 5,000 units. Actual production was 4,500 units. What was the actual fixed production overheads incurred for the period?

    A) 36,000 B) 40,000 C) 30,000 D) 42,000

12. Two products (W and A) are created from a joint process. Both products can be sold immediately after split-off. There are no opening inventories or work in progress. The following information is available for last period: Total joint production cost: $776,160

    Product W: 12,000 units produced, 10,000 units sold at selling price of $10 per unit Product A: 10,000 units produced, 8,000 units sold at selling price of $12 per unit Using the sales value method of apportioning joint production costs, what was the value of the closing inventory of product A for last period?

    A) $68,992 B) $76,032 C) $77,616 D) $70,560