Assume (1) a companys plantwide predetermined overhead rate is $10.75 per direct labor-hour, and (2) its job cost sheet for Job X shows that this job used 18 direct labor-hours and incurred direct materials and direct labor charges of $500 and $360, respectively. What is the total cost of Job X? ----- Assume (1) estimated fixed manufacturing overhead for the coming period of $218,000, (2) estimated variable manufacturing overhead of $2.00 per direct labor hour, and (3) estimated direct labor-hours to be worked in the coming period of 55,000 hours. The predetermined plantwide overhead rate for the period is closest to: ----- Assume the following information for a merchandising company: Sales $ 487,000 Variable selling expenses $ 25,000 Cost of goods sold $ 350,000 Fixed administrative expenses $ 50,000 Fixed selling expenses $ 40,000 Variable administrative expenses $ 5,000 What is the company's contribution margin? ----- If the net operating income is $10,000, the gross margin is $40,000, and the cost of goods sold is $42,000, then the sales must be: ----- Assume a company started and completed numerous jobs during Julytwo of which were Job Y and Job Z. The company uses two departmental predetermined overhead rates. The rate in the Machining Department is based on machine-hours and the rate in the Assembly Department is based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Machining Assembly Estimated total fixed manufacturing overhead $ 48,000 $ 25,900 Estimated variable manufacturing overhead per machine-hour $ 1.50 Estimated variable manufacturing overhead per direct labor-hour $ 2.00 Estimated total machine-hours to be used 12,000 Estimated total direct labor hours to be worked 10,000 Machining Assembly Job Y Machine-hours 50 Direct labor-hours 30 Job Z Machine-hours 40 Direct labor-hours 60 What is the predetermined overhead rate in the Assembly Department? ----- If sales are $103,000, fixed expenses are $30,000, and variable expenses are $47,000, then the contribution margin must be: ----- If the cost of goods sold is $100,000, sales are $200,000, merchandise purchases are $38,500, and ending merchandise inventory is $10,000, then the beginning merchandise inventory must be: ----- At the beginning of the year, a company estimated a predetermined plantwide overhead rate of $8.50 per machine-hour. Job X used 70 machine-hours and it was charged $200 and $288 for direct materials and direct labor, respectively. What is the total job cost for Job X? ----- If the conversion costs are $70,000, manufacturing overhead costs are $21,000, and direct material costs are $35,000, then the prime costs must be: ----- Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during JulyJob Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead $ 26,000 Estimated variable manufacturing overhead per direct labor-hour $ 3.00 Estimated total direct labor hours to be worked 2,000 Total actual manufacturing overhead costs incurred $ 12,800 Job Y Job Z Direct materials $ 13,000 $ 8,000 Direct labor cost $ 21,000 $ 7,500 Actual direct labor hours worked 1,400 500 What is the plantwide predetermined overhead rate?