Assume the following information for a merchandising company: Sales Variable selling expenses Cost of goods sold Fixed administrative expenses Fixed selling expenses Variable administrative expenses $487,000 $ 25,000 $350,000 $ 50,000 $ 40,000 $ 5,000 What is the company's contribution margin? A predetermined overhead rate includes: Multiple Choice O the estimated total amount of the allocation base in the denominator. the fixed portion of the estimated manufacturing overhead cost in the denominator. the fixed portion of the actual manufacturing overhead cost in the denominator. the actual total amount of the allocation base in the denominator. Assume (1) estimated fixed manufacturing overhead for the coming period of $221,000, (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: Multiple Choice $5.96 $6.02 $6.66 $5.59 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 July-Job 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 Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y Job Z $13,000 $7,400 $21,000 $7,500 1,400 440 What is the total job cost for Job Z? Multiple Choice $18,200 Direct labor cost Actual direct labor hours worked $21,000 $7,500 1,400 440 What is the total job cost for Job Z? Multiple Choice $18,200 O $16,540 O $16,200 $18,540