COTB MC Qu. 2-69 (Algo) Assume a company started and completed... Assume a company started and completed numerous jobs during Julyone of which was 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 Z: Machining Assembly Estimated total fixed manufacturing overhead $ 48,000 $ 30,000 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 Job Z Machining Assembly Direct materials $ 2,350 $ 2,400 Direct labor $ 200 $ 900 Machine-hours 40 Direct labor-hours 60 If Job Z contains 56 units, the unit product cost for Job Z is closest to: rev: 04_27_2020_QC_CS-208650, 06_15_2020_QC_CS-208650 Garrison 17e Rechecks 2020-06-22 Multiple

Choice $112.55 $113.45 $113.55 $113.75

COTB MC Qu. 1-71 (Static) Assume the following information:

Assume the following information:

Direct materials					$	70,000
Direct labor					$	48,000
Variable manufacturing overhead	$	13,000
Fixed manufacturing overhead		25,000
Total manufacturing overhead					$	38,000
Variable selling expense	$	15,000
Fixed selling expense		20,000
Total selling expense					$	35,000
Variable administrative expense	$	8,000
Fixed administrative expense		12,000
Total administrative expense					$	20,000

What is the total period cost?

rev: 06_09_2020_QC_CS-208650

Multiple Choice

• $38,000

• $80,000

• $35,000

• A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows:

  	Amount per Unit
  Direct materials	$	7.50
  Direct labor	$	4.50
  Variable manufacturing overhead	$	1.50
  Fixed manufacturing overhead	$	5.00
  Fixed selling expense	$	3.50
  Fixed administrative expense	$	2.00
  Sales commissions	$	1.00
  Variable administrative expense	$	0.50

• Assume that a company pays a 5% sales commission. Also, assume (1) a companys plantwide predetermined overhead rate is $13.00 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?

  Multiple Choice

• $1,105.70

• $734.00

• $1,148.70

• $1,094.00

• What is the incremental cost incurred if the company increases production from 12,000 to 12,001 units?Multiple Choice

• $13.50

• $18.50

• $20.00

• $25.50

• A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows:

  	Amount per Unit
  Direct materials	$	7.50
  Direct labor	$	4.50
  Variable manufacturing overhead	$	1.50
  Fixed manufacturing overhead	$	5.00
  Fixed selling expense	$	3.50
  Fixed administrative expense	$	2.00
  Sales commissions	$	1.00
  Variable administrative expense	$	0.50

  What is the incremental cost incurred if the company increases production from 12,000 to 12,001 units?Multiple Choice