CODE - DCHICF-ACC230, Fall 2018-Survey of Accounting Concepts EXAM 1 pt X Company wants to estimate overhead costs in March, when production is expected to be 1,450 units. To determine parameters of its overbead cost function, it used account analysis with the January cost information below and when production was was 1,000 units. TotalTotal Variable Utilities Maintenance $40,100 $40,100 33,320 68,000 23,000 Using the resulting cost function, what is X Company's estimate of total overhead costs in March? 6. AO $131.31 BO S164139 O2,174 DO $256,467 EO $320384 FO $600.730 5pd X Company has the following data from 2016 and 2017 2017 Total costs Units produced $191,230 25,000 $353,940 4,000 Expected production in 2018 is 41,300 units. Using the high-low method with the 2016 and 2017 data to determine the parameters of the cost fanction, whst are estimated total costs in 20187 . AO 8221,300 BO $250,171 CO $282,683 DO 8319,443 E 360971 FO $407,897 8 li 2018. n pn ye peets to produce and sell 53,500 units of its only product r$31.06 The following are budgeted costs per unit: Direct materials Direct labor Variable overbead Variable selling and administrative Total 84.65 4.47 5.79 5.43 20.34 Budgeted fixed overhead for 2018 is $157,290, and budgeted fixed selling and administrative expenses are $157,290 What is X Company's budgeted contribution margin rate for 20181? 8. AO 0.18 BO 0.22 CO 0.28 DO 0.35 EO 044 FO 05s 8 pt X Company's profit equation next year is expected to be 0.43R-$13,600, where R is total revenue. Assuming a tax rate of 40%, what must next year's revenue be in order for X Company to earn after-tax profits of$22,000 9. AO $53,319 BO $62,384 CO $T2,989 DO $85,397 EO $99,915 FO $116,900 8pi] In 2017, X Company had the following selling price and per-unit variable cost information: Selling price Variable manufacuting costs Variable selling and administrative costs $187 74 20 In 2017, total fixed costs were $684,000. In 2018, there are only two expected changes. Direct material costs are expected to decrease by $8 per unit, and fixed selling and administrative costs are expected to even in 2018? decrease by S15,000. What must unit sales be in order for X Company to break 10. AO 1,592 BO2,117 2.815 DO 3,745 F06024