A manufacturer has 370 units in finished goods inventory at the end of the year. Using the per unit information provided below, compute the cost of 25 finished goods inventory reported on the balance sheet under absorption costing. Direct materials $ 57 per unit Direct labor $ 41 per unit 01:58:07 Variable overhead $ 33 per unit Fixed overhead $ 37 per unit eBook Multiple Choice O $62,160 O $48,470 O $49,950 O $46,990 O $25,900Direct materials $ 38 per unit 24 Direct labor $ 44 per unit Variable overhead $ 17 per unit Fixed overhead $ 128 ,000 per year Variable selling and administrative expenses $ 7 per unit Fixed selling and administrative expenses $ 203 , 600 per year 01:57:45 Sales price $ 188 per unit Compute contribution margin for the company under variable costing. ebook Multiple Choice O $2,296,000 O $2,492,000 O $5,264,000 O $3,292,000 O $3,088,400Given the following data, calculate product cost per unit under absorption costing. 23 Direct labor $ 22.00 per unit Direct materials $ 16.00 per unit Variable overhead $ 0. 65 per unit Fixed overhead $ 105,000 01:57:36 Units produced per year 55, 000 units eBook Multiple Choice O $38.00 per unit O $38.64 per unit O $39.91 per unit O $40.56 per unit O $41.00 per unit22 Units produced 21, 000 units Direct labor $ 14 per unit Direct materials $ 19 per unit Variable overhead $ 11 per unit Fixed overhead $ 111, 000 in total 01:57:27 Compute product cost per unit under variable costing. eBook Multiple Choice O $19.00 O $38.29 O $44.00 O $14.00 O $33.0014 Select cost information for Klondike Corporation is as follows: 1,000 units of output 2,000 units of output Total Coethnit Total Cost/Unit Direct materials 5 4,000 S 4.00 $ 8,000 $ 4.00 (2 \"mil Rent expense $ 2,000 $ 2.00 5 2,000 $ 1.00 \\. J Based on this information: eBool-c Multiple Choice 0 Both direct materials and rent expense are variable costs. Direct materials is a xed cost and rent expense is a variable cost. Both direct materials and rent expense are fixed costs. Direct materials is a variable cost and rent expense is a fixed cost. 0000 Both direct materials and rent expense are mixed costs. Which one of the following statements is false? 13 Multiple Choice 01:56:50 O Total fixed costs remain the same regardless of volume within the relevant range. eBook O Total variable costs change with volume. O Total variable costs decrease as the volume increases. O Fixed costs per unit increase as the volume decreases. O Variable costs per unit remain the same regardless of the volume.Steel Company uses a osting and re wing T this year. Compute an activity activity using activity- 8 Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Cutting $ 62, 100 Machine hours (MH) 2,700 machine hours Assembly 288, 100 Direct labor hours (DLH) 6,700 direct labor hours Total $ 350, 200 01:56:32 Multiple Choice eBook O $23 per MH for Cutting; $43 per DLH for Assembly. O $43 per MH for Cutting; $23 per DLH for Assembly. O $7 per MH for Cutting; $31 per DLH for Assembly. O $23 per MH for Cutting; $107 per DLH for Assembly. O $37 per MH for Cutting; $37 per DLH for Assembly.Molding Finishing Direct labor hours 95 , 000 DLH 180 , 500 DLH Machine hours 118, 000 MH 101 ,500 MH Tarnish Industries uses departmental overhead rates and is planning on a $4.00 per machine hour overhead rate for the Finishing department. Compute 01:56:18 the budgeted manufacturing overhead cost for the Finishing department given the information shown in the table. Multiple Choice eBook O $380,000 O $722,000 O $472,000 O $406,000 O $878,0006 Mixing Baking Direct labor hours 411, 000 DLH 91 , 000 DLH Machine hours 811, 000 MH 811, 000 MH Overhead costs $ 534, 300 $ 411, 000 X 01:56:05 Compute Aztec's departmental overhead rate for the Mixing department based on machine hours. eBook Multiple Choice O $4.52 per MH. O $0.66 per MH. O $1.30 per MH. O $0.51 per MH. O $1.88 per MH