Attached file needs help to answers by tonight. Thank you and please choose the right answers to the questions. Thank you.

1. The contribution margin is the excess of revenues over A. Cost of goods sold. B. Manufacturing cost. C. Direct cost. D. All variable costs. 2. A manufacturer produces unique tapestries and bedding for hotel chains and uses a job order costing system. During the current month, the manufacturer purchased $50,000 of direct materials and incurred $22,000 in direct labor. Overhead is applied on the basis of direct labor hours at a rate of 60%. Overapplied or underapplied overhead is closed to cost of goods sold at the end of the period. The actual overhead incurred this month was $10,000. Balances in the manufacturer's inventory accounts are presented below. Beginning End of of month month Direct materials $2,000 $3,500 Work-in-process 5,000 9,000 Finished goods 2,500 1,700 What is the cost of goods manufactured this month? A. $76,500 B. $79,700 C. $80,500 D. $83,700 3. A plant has two departments, Machining and Assembly. This year's budget for the plant contained the following information. Machining Assembly Manufacturing overhead $4,000,000 $2,000,000 Direct labor hours 100,000 200,000 Machine hours 40,000 40,000 3. Assume the plant uses machine hours as the overhead base in machining and direct labor in Assembly. If Job 2420 uses 20 direct labor hours in each department, 10 machines hours in Machining and 5 machine hours in Assembly, how much overhead would be assigned to the job? A. $1,100 B. $1,200 C. $2,100 D. $2,200 4. A company manufactures one product and has a standard cost system. In April the company had the following experience: Direct Materials Actual $/unit of input (lbs. & hrs.) $28 Direct Labor $18 Standard price/unit of input $24 $20 Standard inputs allowed per unit of output 10 4 Actual units of input 190,000 78,000 Actual units of output 20,000 20,000 The direct labor rate variance for April is A. $240,000 favorable. B. $156,000 unfavorable. C. $156,000 favorable. D. $40,000 unfavorable. 5.Albany Mining Corporation uses a process costing system for its ore extraction operations. The following information pertains to work-inprocess inventories and operations for the month of May: Costs for the month were as follows: BWIP Completion % Incurred in May Units Materials Conversion Direct materials $54,560 $ 468,000 Direct labor BWIP on May 1 32,000 60% 20% 20,320 182,880 Factory overhead Started in production 200,000 15,240 391,160 Completed production (184,000) $90,120 EWIP on May 31 48,000 $1,042,040 90% 40% Under the FIFO method, Albany Mining's equivalent unit cost of materials for May is A. $2.06 B. $2.25 C. $2.30 D. $2.51 6. A plant has two departments, Machining and Assembly. This year's budget for the plant contained the following information. Machining Assembly Manufacturing overhead $4,000,000 $2,000,000 Direct labor hours 100,000 200,000 Machine hours 410,000 40,000 If the plant uses a plantwide overhead rate based on direct labor hours, what would the rate be? A. $10 per hour. B. $20 per hour. C. $40 per hour. D. $75 per hour. 7. Albany Mining Corporation uses a process costing system for its ore extraction operations. The following information pertains to work-inprocess inventories and operations for the month of May: Costs for the month were as follows: BWIP Completion % Incurred in May Units Materials Conversion Direct materials $54,560 $ 468,000 Direct labor BWIP on May 1 32,000 60% 20% 20,320 182,880 Factory overhead Started in production 200,000 15,240 391,160 Completed production (184,000) $90,120 EWIP on May 31 $1,042,040 48,000 90% 40% Using the FIFO method, Albany Mining's equivalent unit conversion cost for May is A. $2.92 B. $3.00 C. $3.10 D. $3.23 D. $48 8. Estimated unit costs for Cole Lab using full absorption costing and operating at a production level of 12,000 units per month: Estimated Cost Item Unit Cost Direct material $32 Direct labor 20 Variable manufacturing overhead 15 Fixed manufacturing overhead 6 Variable selling 3 Fixed selling 4 Cole Lab's estimated conversion costs per unit are A. $35 B. $41 C. $44 D. $48 9. Blaster, Inc., a manufacturer of portable radios, purchases the components from subcontractors to use to assemble into a complete radio. Each radio requires three units each of Part XBEZ52, which has a standard cost of $1.45 per unit. During May, Blaster experienced the following with respect to Part XBEZ52: Units Purchases ($18,000) 12,000 Consumed in manufacturing 10,000 Radios manufactured 3,000 During May, Blaster incurred a purchase price variance of A. $450 unfavorable. B. $450 favorable. C. $500 favorable. D. $600 unfavorable. 10. A manufacturer planned to produce 5,000 units of its single product during November. The standard specifications for one unit include ten pounds of materials at $.50 per pound. Actual production in November was 5,200 units. The accountant computed a favorable materials purchase price variance of $580 and an unfavorable materials quantity variance of $320. Based on these variances, one could conclude that A. More materials were purchased than were used. B. More materials were used than were purchased. C. The actual cost of materials was less than the standard cost. D. The actual usage of materials was less than the standard allowed