{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T08:48:58-04:00", "answer_date": "2024-06-28 08:48:58", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4277492", "url": "\/study-help\/questions\/cleveland-choppers-manufactures-two-types-of-motorcycles-a-base-and-4277492", "question_creation_date_js": "2024-06-28T08:48:58-04:00", "question_creation_date": "Jun 28, 2024 08:48 AM", "meta_title": "[Solved] Cleveland Choppers manufactures two types | SolutionInn", "meta_description": "Answer of - Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs | SolutionInn", "meta_keywords": "cleveland,choppers,manufactures,two,types,motorcycles,base,loaded,model,activity,costs,gathered", "question_title_h1": "Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs have been gathered: Number of Number of", "question_title": "Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded", "question_title_for_js_snippet": "Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model The following activity and costs have been gathered Number of Number of Number of Direct Product Components Setups Labor Hours Base 15 20 700 9 Loaded 25 40 600 points Overhead costs $ 27,000 $ 22,500 01 59 28 The number of components and number of setups are chosen as activity cost drivers for overhead Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Loaded model Multiple Choice O $31,875 O $36,000 O $31,125 O $34,050 O $28,125 2 Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model The following activity and costs have been gathered Number of Number of Number of Direct Product Components Setups Labor Hours Base 15 20 700 9 Loaded 25 40 600 points Overhead costs $ 27,000 $ 22,500 01 59 05 The number of components and number of setups are chosen as activity cost drivers for overhead Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Base model Multiple Choice O $15,450 O $17,625 O $13,500 O $21,375 O $15,625 3 Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department The company manufactures two types of boats Fishing and Yachts Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year Compute overhead cost per unit for each model using departmental overhead rates Actual direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing Actual direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing 9 points 01 58 33 Multiple Choice O Fishing $450 Yacht $1,350 O Fishing $2,700 Yacht $1,500 O Fishing $1,500 Yacht $2,700 O Fishing $1,500 Yacht $1,050 O Fishing $1,050 Yacht $1,500 4 Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department The company manufactures two types of boats Fishing and Yachts Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year Compute departmental overhead rates for each department using direct labor hours for that department 9 points 01 58 08 Multiple Choice O Assembly $65 63 per DLH Finishing $262 50 per DLH O Assembly $262 50 per DLH Finishing $65 63 per DLH O Assembly $44 65 per DLH Finishing $108 25 per DLH O Assembly $112 50 per DLH Finishing $37 50 per DLH O Assembly $37 50 per DLH Finishing $112 50 per DLH 5 Meltin Metals manufactures patio furniture The company budgets overhead cost of $1,600,000 for the year It also budgets 80,000 machine hours and 20,000 direct labor hours Compute the plantwide overhead rate assuming the company allocates overhead based on machine hours 9 points Multiple Choice 01 56 10 O $80 per MH O $40 per MH O $20 per MH O $16 per MH O $27 per MH 6 Which types of overhead allocation methods result in the use of more than one overhead rate during the same time period Multiple Choice palms l 2 01 55 23 Ll 0 Departmental overhead rate method and activity based coating Activity based costing and plantwide overhead rate method Departmental overhead rate method and cost pool overhead rate method Cost pool overhead rate method and plantwide overhead rate method 0000 Plantwide overhead rate method and departmental overhead rate method 7 Kenneth Company uses activity based costing It budgets $1,650,000 of overhead cost to sustainably dispose of 6,600 tons of hazardous waste The company disposed of 10 tons of hazardous waste in completing Job 125 Allocate overhead cost to the hazardous waste disposal as part of Job 125 using activity based costing 9 points Multiple Choice 01 55 36 O $3,250 O $2,750 O $3,000 O $2,500 O $3,500 A company has two products A and B It uses activity based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activities 8 Budgeted Activity Activity Budgeted Cost Activity Cost Driver Product A Product B Activity 1 $ 94, 000 Square feet 3,700 3,500 Activity 2 $ 69,000 Units produced 5, 200 6, 200 points Activity 3 $ 107, 000 Setups 3, 200 5,950 8 01 55 15 Annual production and sales level of Product A is 35,000 units, and the annual production and sales level of Product B is 70,250 units What is the approximate overhead cost per unit of Product B under activity based costing Multiple Choice O $2 18 O $1 92 O $10 28 O $13 06 O $3 359 The basic principle underlying activity based costing is that an activity, which is a task, operation, or procedure, is what causes overhead cost to be incurred True or False 9 points 01 54 56 True FalseThe plantwide overhead rate is computed as budgeted allocation base divided by budgeted overhead cost 10 True or False 9 points 01 54 36 True FalseABC is significantly less costly to implement and maintain than more traditional overhead costing systems 11 True or False 9 points 01 54 21 True FalseManagement decisions involving product pricing, product mix, and cost control depend on accurate product cost information 12 True or False 9 points 01 54 04 True FalseTravis Company allocates overhead cost using a single plantwide overhead rate of $60 per direct labor hour Each product unit uses three direct labor hours Overhead cost equals $20 per unit 13 True or False 9 points 01 53 46 True FalseABC allocates overhead costs to products based on activities rather than departments 14 True or False 9 points l 2 01 53 39 True False Total fixed costs change in proportion to changes in volume of activity 15 True or False 9 points 8 01 53 13 True False16 The following information is available for a company's maintenance cost over the last seven months Month Units Produced Maintenance Cost June 180 $ 10,900 July 360 13 , 800 9 August 240 10, 200 points September 300 12,000 X 01 52 39 October 120 13, 800 November 480 16, 200 December 120 7, 200 Using the high low method, the variable component of its maintenance cost is Multiple Choice O $16 11 per unit O $25 00 per unit O $22 00 per unit O $22 50 per unit O $30 00 per unit A cost with a flat cost line within a relevant range that shifts to another level when volume significantly changes is a(n) 17 Multiple Choice 9 points 01 52 12 O Step wise cost O Differential cost O Flat line cost O Incremental cost O Fixed cost 18 Select cost information for Seacrest Enterprises is as follows 1,666 units of output 5,663 units of output Total Cost Unit Total Cost Unit Direct materials 5 5 668 $ 5 66 $ 25,696 $ 5 66 Solute Utilities expense $ 1 668 $ 1 66 $ 3, 56 $ 6 5 Rent expense $ 4 668 $ 4 66 $ 4,666 $ 6 86 r 2 01 51 45 J Based on this information Multiple Choice O 0000 Both direct materials and utilities expense are mixed costs Utilities expense is a mixed cost and rent expense is a variable cost Both direct materials and rent expense are variable costs Utilities expense is a mixed cost and rent expense is a fixed cost Direct materials is a fixed cost and utilities expense is a mixed cost A firm expects to sell 25,200 units of its product at $11 20 per unit and to incur variable costs per unit of $6 20 Total fixed costs are $72,000 The total contribution margin is 19 Multiple Choice 9 points 8 01 51 27 O $156,240 O $228,240 O $54,000 O $72,000 O $126,000 A jeans maker is designing a new line of jeans These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make Fixed costs total $120,000 The contribution margin ratio is 20 Multiple Choice 9 points 01 51 09 O 20 O 125 O 75 O 25 O 80 Use the following information to determine the margin of safety in dollars 21 Unit sales 58, 090 Units Dollar sales $ 580,000 Fixed costs $ 176, 688 Variable costs $ 266, 806 points 8 01 50 48 Multiple Choice O $580,000 O $116,512 O $327,200 O $252,800 O $136,51222 A company's product sells at $12 08 per unit and has a $5 12 per unit variable cost The company's total fixed costs are $97,600 The break even point in units is Multiple Choice 9 points 8 01 50 31 O 19,063 O 7,012 O 5,492 O 14,023 O 8,079 Mobile Company manufactures and sells two products, tablet computers (60 of sales) and smartphones (40 of sales) Fixed costs are $1,160,140, and the weighted average contribution margin per unit is $284 How 23 many units of each product are sold at the break even point 9 points Multiple Choice X 01 50 08 O Tablet computers, 2,451 units Smartphones, 1,634 units O Tablet computers, 1,634 units Smartphones, 2,451 units O Tablet computers, 0 units Smartphones, 4,085 units O Tablet computers, 4,085 units Smartphones, 4,085 units O Tablet computers, 4,085 units Smartphones, 0 units A company has fixed costs of $270,000, a contribution margin per unit of $14, and a contribution margin ratio of 55 If the company wants to earn a target income of $60,000, what amount of sales must it make 24 Multiple Choice 9 points 01 49 42 O 490,909 O 381,818 O 600,000 O 330,000 O 109,090 25 A product sells for $215 per unit, and its variable costs per unit are $142 Total fixed costs are $423,000 If the firm wants to earn income of $53,690, how many units must be sold Multiple Choice 9 points 01 49 26 O 6,930 O 6,530 O 6,730 O 6,630 O 6,830 Identify whether each of the following is best described as a fixed, variable, or mixed cost with respect to product units 26 1 Hourly wages of assembly line worker 2 Rubber used in making tennis balls 54 3 Milk used in making ice cream points 4 Electricity used in factory building 5 Cameras used in making smartphones 01 48 55 6 Peanuts used in making trail mix 7 Insurance on factory building Classify each of the costs below as either a product cost or a period cost under (a) absorption costing and (b) variable costing 27 Cost Amount Absorption Costing Variable Costing Direct materials 3 per unit Direct labor 6 per unit 108 points Variable overhead $ 2 per unit Fixed overhead 320,000 per year 8 01 48 34 Variable selling and administrative expenses 0 70 per unit Fixed selling and administrative expenses 220,000 per yearUsing absorption costing, which of the following manufacturing costs are assigned to products 28 Multiple Choice 9 points 01 48 03 O Variable overhead, direct materials, direct labor, and fixed overhead O Direct materials and direct labor O Direct labor and variable overhead O Fixed overhead, direct materials, and direct labor O Variable overhead, direct materials, and direct labor Which of the following is not a product cost under variable costing 29 Multiple Choice 9 points 01 47 50 O Direct materials O Fixed overhead O None of the above O Direct labor O Variable overhead Under absorption costing, a company had the following unit costs when 9,000 units were produced 30 Direct labor $ 25 per' uni'l Direct material $ 8 90 per' uni'l Variable overhead 5 5 50 per' uni'l gems Fixed overhead ($67J566X9,060 units) $ 7 50 per unit Total production cost $ 28 25 per uni'l kg 01 47 31) Compute the product cost per unit under absorption costing if 25,000 units had been produced Multiple Choice 0 $20 75 $26 25 $15 25 $28 25 $23 45 0000 Under absorption costing, a company had the following unit costs when 9,000 units were produced 31 Direct labor $ 7 25 per unit Direct material $ 8 00 per unit Variable overhead $ 5 50 per unit 9 points Fixed overhead ($67, 500 9,000 units) $ 7 50 per unit Total production cost $ 28 25 per unit 01 47 00 Compute the product cost per unit under variable costing if 30,000 units had been produced Multiple Choice O $23 45 O $31 75 O $15 25 O $28 25 O $20 75A company's current cost information relating to its production is shown in the table below 32 Per Unit Sales price $ 34 Direct material $ 2 Direct labor $ 3 9 points Variable overhead 4 Fixed overhead $ 5 X 01 46 36 The company has been approached by a customer with a request for a 100 unit special order What is the minimum per unit sales price that management would accept for this order, assuming the company has sufficient excess capacity Multiple Choice O Any amount over $9 per unit O Any amount over $20 per unit O Any amount over $5 per unit O Any amount over $34 per unit O Any amount over $14 per unit A company's current cost information relating to its production is shown in the table below 33 Per Unit Sales price $ 43 Direct material $ 7 Direct labor $ 6 9 $ 4 points Variable overhead Fixed overhead 01 46 13 The company has been approached by a customer with a request for a 200 unit special order What is the minimum per unit sales price that management would accept for this order, assuming the company has sufficient excess capacity Multiple Choice O Any amount over $13 per unit O Any amount over $43 per unit O Any amount over $17 per unit O Any amount over $22 per unit O Any amount over $21 per unit Hayes Incorporated provided the following Information for the current year 34 Beginning inventory 210 units Units produced 860 units Units sold 913 units Selling price $ 260 unit 9 Direct materials $ 46 unit points Direct labor $ 27 unit Variable manufacturing overhead $ 26 unit 01 45 44 Fixed manufacturing overhead $ 36, 980 year Variable selling administrative costs $ 19 unit Fixed selling administrative costs $ 26,500 year What is the product cost per unit for the year using absorption costing Multiple Choice $140 O $99 O $137 O $118 O $142", "question_description": "
\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image\"image<\/div><\/div><\/div><\/figure> Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs have been gathered: Number of Number of Number of Direct Product Components Setups Labor Hours Base 15 20 700 9 Loaded 25 40 600 points Overhead costs $ 27,000 $ 22,500 01:59:28 The number of components and number of setups are chosen as activity-cost drivers for overhead. Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Loaded model? Multiple Choice O $31,875. O $36,000. O $31,125. O $34,050. O $28,125.2 Cleveland Choppers manufactures two types of motorcycles, a Base and a Loaded model. The following activity and costs have been gathered: Number of Number of Number of Direct Product Components Setups Labor Hours Base 15 20 700 9 Loaded 25 40 600 points Overhead costs $ 27,000 $ 22,500 01:59:05 The number of components and number of setups are chosen as activity-cost drivers for overhead. Assuming an ABC costing system is being used, what is the total overhead cost assigned to the Base model? Multiple Choice O $15,450. O $17,625. O $13,500. O $21,375. O $15,625.3 Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year; of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department. The company manufactures two types of boats: Fishing and Yachts. Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing. Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing. The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year. Compute overhead cost per unit for each model using departmental overhead rates. Actual direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing. Actual direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing. 9 points 01:58:33 Multiple Choice O Fishing: $450; Yacht: $1,350. O Fishing: $2,700; Yacht: $1,500. O Fishing: $1,500; Yacht: $2,700. O Fishing: $1,500; Yacht: $1,050. O Fishing: $1,050; Yacht: $1,500.4 Boat Builders Incorporated budgets overhead cost of $1,680,000 for the year; of this amount, $960,000 is traceable to the Assembly department and $720,000 is traceable to the Finishing department. The company manufactures two types of boats: Fishing and Yachts. Budgeted direct labor hours for the Fishing model are 28 in Assembly and 4 in Finishing. Budgeted direct labor hours for the Yacht model are 36 in Assembly and 12 in Finishing. The company budgets production of 400 units of the Fishing model and 400 units of the Yacht model for the year. Compute departmental overhead rates for each department using direct labor hours for that department 9 points 01:58:08 Multiple Choice O Assembly: $65.63 per DLH; Finishing: $262.50 per DLH. O Assembly: $262.50 per DLH; Finishing: $65.63 per DLH. O Assembly: $44.65 per DLH; Finishing: $108.25 per DLH. O Assembly: $112.50 per DLH; Finishing: $37.50 per DLH. O Assembly: $37.50 per DLH; Finishing: $112.50 per DLH.5 Meltin Metals manufactures patio furniture. The company budgets overhead cost of $1,600,000 for the year. It also budgets 80,000 machine hours and 20,000 direct labor hours. Compute the plantwide overhead rate assuming the company allocates overhead based on machine hours. 9 points Multiple Choice 01:56:10 O $80 per MH. O $40 per MH. O $20 per MH. O $16 per MH. O $27 per MH.6 Which types of overhead allocation methods result in the use of more than one overhead rate during the same time period? Multiple Choice palms \/\\\\ l 2 01:55:23 \\\\ Ll 0 Departmental overhead rate method and activity-based coating. Activity-based costing and plantwide overhead rate method Departmental overhead rate method and cost pool overhead rate method. Cost pool overhead rate method and plantwide overhead rate method. 0000 Plantwide overhead rate method and departmental overhead rate method. 7 Kenneth Company uses activity-based costing. It budgets $1,650,000 of overhead cost to sustainably dispose of 6,600 tons of hazardous waste. The company disposed of 10 tons of hazardous waste in completing Job 125. Allocate overhead cost to the hazardous waste disposal as part of Job 125 using activity-based costing. 9 points Multiple Choice 01:55:36 O $3,250. O $2,750. O $3,000. O $2,500. O $3,500.A company has two products: A and B. It uses activity-based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activities: 8 Budgeted Activity Activity Budgeted Cost Activity Cost Driver Product A Product B Activity 1 $ 94, 000 Square feet 3,700 3,500 Activity 2 $ 69,000 Units produced 5, 200 6, 200 points Activity 3 $ 107, 000 Setups 3, 200 5,950 8 01:55:15 Annual production and sales level of Product A is 35,000 units, and the annual production and sales level of Product B is 70,250 units. What is the approximate overhead cost per unit of Product B under activity- based costing? Multiple Choice O $2.18 O $1.92 O $10.28 O $13.06 O $3.359 The basic principle underlying activity-based costing is that an activity, which is a task, operation, or procedure, is what causes overhead cost to be incurred. True or False 9 points 01:54:56 True FalseThe plantwide overhead rate is computed as budgeted allocation base divided by budgeted overhead cost. 10 True or False 9 points 01:54:36 True FalseABC is significantly less costly to implement and maintain than more traditional overhead costing systems. 11 True or False 9 points 01:54:21 True FalseManagement decisions involving product pricing, product mix, and cost control depend on accurate product cost information. 12 True or False 9 points 01:54:04 True FalseTravis Company allocates overhead cost using a single plantwide overhead rate of $60 per direct labor hour. Each product unit uses three direct labor hours. Overhead cost equals $20 per unit. 13 True or False 9 points 01:53:46 True FalseABC allocates overhead costs to products based on activities rather than departments. 14 True or False 9 points. \/\\\\ l\\\\ 2 01:53:39 True False Total fixed costs change in proportion to changes in volume of activity. 15 True or False 9 points 8 01:53-13 True False16 The following information is available for a company's maintenance cost over the last seven months. Month Units Produced Maintenance Cost June 180 $ 10,900 July 360 13 , 800 9 August 240 10, 200 points September 300 12,000 X 01:52-39 October 120 13, 800 November 480 16, 200 December 120 7, 200 Using the high-low method, the variable component of its maintenance cost is: Multiple Choice O $16.11 per unit. O $25.00 per unit. O $22.00 per unit. O $22.50 per unit. O $30.00 per unit.A cost with a flat cost line within a relevant range that shifts to another level when volume significantly changes is a(n): 17 Multiple Choice 9 points 01:52-12 O Step-wise cost. O Differential cost. O Flat line cost. O Incremental cost. O Fixed cost.18 Select cost information for Seacrest Enterprises is as follows: 1,666 units of output 5,663 units of output Total Cost\/Unit Total Cost\/Unit Direct materials 5; 5.668 $ 5.66 $ 25,696 $ 5.66 Solute. Utilities expense $ 1.668 $ 1.66 $ 3,?56 $ 6.?5 Rent expense $ 4.668 $ 4.66 $ 4,666 $ 6.86 r\\\"\\\\ | 2 01:51:45 | \\\\. J Based on this information: Multiple Choice O 0000 Both direct materials and utilities expense are mixed costs. Utilities expense is a mixed cost and rent expense is a variable cost. Both direct materials and rent expense are variable costs. Utilities expense is a mixed cost and rent expense is a fixed cost. Direct materials is a fixed cost and utilities expense is a mixed cost. A firm expects to sell 25,200 units of its product at $11.20 per unit and to incur variable costs per unit of $6.20. Total fixed costs are $72,000. The total contribution margin is: 19 Multiple Choice 9 points 8 01:51:27 O $156,240. O $228,240. O $54,000. O $72,000. O $126,000.A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost $328 per unit in variable costs to make. Fixed costs total $120,000. The contribution margin ratio is: 20 Multiple Choice 9 points 01:51:09 O 20%. O 125%. O 75%. O 25% O 80%.Use the following information to determine the margin of safety in dollars: 21 Unit sales 58, 090 Units Dollar sales $ 580,000 Fixed costs $ 176, 688 Variable costs $ 266, 806 points 8 01:50:48 Multiple Choice O $580,000. O $116,512 O $327,200. O $252,800. O $136,51222 A company's product sells at $12.08 per unit and has a $5.12 per unit variable cost. The company's total fixed costs are $97,600. The break-even point in units is: Multiple Choice 9 points 8 01:50:31 O 19,063. O 7,012. O 5,492. O 14,023. O 8,079.Mobile Company manufactures and sells two products, tablet computers (60% of sales) and smartphones (40% of sales). Fixed costs are $1,160,140, and the weighted-average contribution margin per unit is $284. How 23 many units of each product are sold at the break-even point? 9 points Multiple Choice X 01:50:08 O Tablet computers, 2,451 units; Smartphones, 1,634 units. O Tablet computers, 1,634 units; Smartphones, 2,451 units. O Tablet computers, 0 units; Smartphones, 4,085 units. O Tablet computers, 4,085 units; Smartphones, 4,085 units. O Tablet computers, 4,085 units; Smartphones, 0 units.A company has fixed costs of $270,000, a contribution margin per unit of $14, and a contribution margin ratio of 55%. If the company wants to earn a target income of $60,000, what amount of sales must it make? 24 Multiple Choice 9 points 01:49:42 O 490,909. O 381,818. O 600,000. O 330,000. O 109,090.25 A product sells for $215 per unit, and its variable costs per unit are $142. Total fixed costs are $423,000. If the firm wants to earn income of $53,690, how many units must be sold? Multiple Choice 9 points 01:49:26 O 6,930. O 6,530. O 6,730. O 6,630. O 6,830.Identify whether each of the following is best described as a fixed, variable, or mixed cost with respect to product units. 26 1. Hourly wages of assembly-line worker. 2. Rubber used in making tennis balls. 54 3. Milk used in making ice cream. points 4. Electricity used in factory building. 5. Cameras used in making smartphones 01:48:55 6. Peanuts used in making trail mix. 7. Insurance on factory building.Classify each of the costs below as either a product cost or a period cost under (a) absorption costing and (b) variable costing. 27 Cost Amount Absorption Costing Variable Costing Direct materials 3 per unit Direct labor 6 per unit 108 points Variable overhead $ 2 per unit Fixed overhead 320,000 per year 8 01:48:34 Variable selling and administrative expenses 0.70 per unit Fixed selling and administrative expenses 220,000 per yearUsing absorption costing, which of the following manufacturing costs are assigned to products? 28 Multiple Choice 9 points 01:48:03 O Variable overhead, direct materials, direct labor, and fixed overhead. O Direct materials and direct labor. O Direct labor and variable overhead. O Fixed overhead, direct materials, and direct labor. O Variable overhead, direct materials, and direct labor.Which of the following is not a product cost under variable costing? 29 Multiple Choice 9 points 01:47:50 O Direct materials. O Fixed overhead. O None of the above. O Direct labor. O Variable overhead.Under absorption costing, a company had the following unit costs when 9,000 units were produced. 30 Direct labor $ ?.25 per' uni'l: Direct material $ 8.90 per' uni'l: Variable overhead 5 5.50 per' uni'l: gems Fixed overhead ($67J566X9,060 units) $ 7.50 per unit Total production cost $ 28.25 per uni'l: \/ . kg 01:47:31) Compute the product cost per unit under absorption costing if 25,000 units had been produced. Multiple Choice 0 $20 75 $26 25 $15.25 $28 25 $23.45 0000 Under absorption costing, a company had the following unit costs when 9,000 units were produced. 31 Direct labor $ 7.25 per unit Direct material $ 8.00 per unit Variable overhead $ 5.50 per unit 9 points Fixed overhead ($67, 500\/9,000 units) $ 7.50 per unit Total production cost $ 28.25 per unit 01:47:00 Compute the product cost per unit under variable costing if 30,000 units had been produced. Multiple Choice O $23.45 O $31.75 O $15.25 O $28.25 O $20.75A company's current cost information relating to its production is shown in the table below: 32 Per Unit Sales price $ 34 Direct material $ 2 Direct labor $ 3 9 points Variable overhead 4 Fixed overhead $ 5 X 01:46:36 The company has been approached by a customer with a request for a 100-unit special order. What is the minimum per unit sales price that management would accept for this order, assuming the company has sufficient excess capacity? Multiple Choice O Any amount over $9 per unit. O Any amount over $20 per unit. O Any amount over $5 per unit. O Any amount over $34 per unit. O Any amount over $14 per unit.A company's current cost information relating to its production is shown in the table below: 33 Per Unit Sales price $ 43 Direct material $ 7 Direct labor $ 6 9 $ 4 points Variable overhead Fixed overhead 01:46:13 The company has been approached by a customer with a request for a 200-unit special order. What is the minimum per unit sales price that management would accept for this order, assuming the company has sufficient excess capacity? Multiple Choice O Any amount over $13 per unit. O Any amount over $43 per unit. O Any amount over $17 per unit. O Any amount over $22 per unit. O Any amount over $21 per unit.Hayes Incorporated provided the following Information for the current year: 34 Beginning inventory 210 units Units produced 860 units Units sold 913 units Selling price $ 260\/unit 9 Direct materials $ 46 \/unit points Direct labor $ 27 \/unit Variable manufacturing overhead $ 26\/unit 01:45:44 Fixed manufacturing overhead $ 36, 980 \/year Variable selling\/administrative costs $ 19\/unit Fixed selling\/administrative costs $ 26,500 \/year What is the product cost per unit for the year using absorption costing? Multiple Choice $140 O $99 O $137 O $118 O $142", "transcribed_text": "", "related_book": { "title": "Fundamentals Of Statistics", "isbn": "978-032184460, 032183870X, 321844602, 9780321838704, 978-0321844606", "edition": "4th Edition", "authors": "Michael Sullivan III", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/445.jpg", "uri": "\/textbooks\/fundamentals-of-statistics-4th-edition-445", "see_more_uri": "" }, "free_related_book": { "isbn": "0061777269", "uri": "\/textbooks\/consciousness-beyond-life-the-science-of-the-near-death-experience-1st-edition-978-0061777264-301105", "name": "Consciousness Beyond Life The Science Of The Near Death Experience", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:48:58", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/on-january-1-20x1-fern-corporation-paid-morton-advertising-116200-205104", "description": "On January 1, 20X1, Fern Corporation paid Morton Advertising $116,200 to acquire 70 percent of Vincent Company's stock. 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