ABC Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 17,500 hours. At the end of the year, actual direct labor-hours for the year were 16,000 hours, the actual manufacturing overhead for the year was $233,000, and manufacturing overhead for the year was under-applied by $15,400. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been:

$238,000

$249,375

$228,000

$217,600

ABC Corporation uses the weighted-average method in its process costing system. The A Department started the month with 8,000 units in its beginning work in process inventory that were 90% complete with respect to conversion costs. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the A Department. There were 11,000 units in the ending work in process inventory of the A Department that were 90% complete with respect to conversion costs.

What were the equivalent units for conversion costs in the Assembly Department for the month?

101,900

94,700

98,000

92,000

ABC Corporation sells a single product for $15 per unit. Last year, the company's sales revenue was $225,000 and its net operating income was $18,000. If fixed expenses totaled $72,000 for the year, the break-even point in unit sales was:

12,000

14,100

9,900

15,000

ABC Corporation produces and sells two products. In the most recent month, Product A had sales of $39,000 and variable expenses of $12,870. Product B had sales of $12,000 and variable expenses of $4,980. The fixed expenses of the entire company were $33,050. The break-even point for the entire company is closest to:

$17,950

$50,846

$50,900

$33,050

ABC Corporation's contribution margin ratio is 20%. If the degree of operating leverage is 15 at the $225,000 sales level, net operating income at the $225,000 sales level must equal:

$6,750

$3,000

$2,250

$5,063

ABC Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 11,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $22,400. A total of 45,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.20 for materials and $3.40 for conversion costs. The total cost of the units completed and transferred out of the department was:

$204,980

$182,580

$184,600

$207,000

ABC Corporation sells a particular notebook for $20. Variable expenses are $14 per book. At the current volume of 50,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:

$700,000

$1,000,000

$300,000

$1,300,000

ABC Corporation is a single product firm with the following cost formula for all of its costs for next year, where X is the number of units sold and Y is total cost:

Y = $225,000 + $30X

ABC sells its product for $120 per unit. What would ABC's total sales dollars have to be next year in order to generate $270,000 of net operating income?

$1,080,000

$618,750

$1,980,000

$660,000