Good afternoon, below is an accounting pdf please i need help with it

2017/3/28 Quiz: Quiz Five Quiz Five Started: Mar 28 at 8:53pm Quiz Instructions Question 1 3.5 pts All costs reported on the income statement of a manufacturing company are period costs. True False Question 2 3.5 pts Total variable costs increase as the volume of activity increases. True False Question 3 4 pts XYZ Company recorded the following information related to their inventory accounts for January: January 1 January 31 Direct materials 30,000 36,000 Work in process 18,000 12,000 Finished goods 54,000 72,000 XYZ Company's accounting records indicated the following costs had been incurred during January: Advertising ............................................. $37,000 Depreciation, factory building .......................... 40,000 Rent (70% for factory; 30% for office building) ......... 45,000 Direct labor ............................................ 60,000 Direct materials purchased .............................. 84,000 https://osu.instructure.com/courses/14429/quizzes/40039/take 1/6 2017/3/28 Quiz: Quiz Five Indirect materials ...................................... 22,000 Sales commissions ....................................... 35,000 Production supervisor's salary .......................... 50,000 Selling & administrative salaries ....................... 61,000 Utilities, factory building ............................. 14,000 Calculate XYZ Company's prime costs for January. Do not use decimals in your answer. Question 4 4.5 pts XYZ Company applies overhead to jobs using direct labor cost as an activity. For the month of September, XYZ Company estimated it would use $13,600 of direct labor and incur $17,000 of manufacturing overhead cost. The actual results reported by XYZ Company for September included $11,500 in manufacturing overhead cost and $12,000 of direct labor. For the month of September, overhead was: overapplied by $5,500 overapplied by $3,500 overapplied by $1,900 underapplied by $5,500 underapplied by $3,500 underapplied by $1,900 Question 5 5 pts The following information is available for XYZ Company: Sales (in units) ................. 5,000 units Selling price .................... $45 per unit Variable costs ................... $27 per unit Fixed costs (in total) ........... $86,400 Calculate the number of units XYZ Company must sell in order to breakeven. Enter your answer as a number (i.e., 1,000). Do not use the $, decimals, or type the word units after your answer. https://osu.instructure.com/courses/14429/quizzes/40039/take 2/6 2017/3/28 Quiz: Quiz Five Question 6 5 pts The following information is available for XYZ Company: Sales (in units) ................. 5,000 units Selling price .................... $45 per unit Variable costs ................... $27 per unit Fixed costs (in total) ........... $86,400 Calculate the number of units XYZ Company must sell in order to earn a target profit equal to 35% of sales. Enter your answer as a number (i.e., 1,000). Do not use the $, decimals, or type the word units after your answer. Question 7 4.5 pts Paulson Company had the following estimated costs for 2019: Direct materials .................... $28,000 Direct labor ........................ 22,000 Advertising expense ................. 15,000 Rent on factory building ............ 13,500 Depreciation on factory equipment ... 6,500 Indirect materials .................. 10,000 Sales commissions ................... 28,000 Production supervisor's salary ...... 40,000 Insurance on equipment .............. 15,000 It is known that 40% of the insurance relates to equipment in the administrative offices while 60% of the insurance relates to equipment in the factory. Paulson Company estimates that 25,000 machine hours will be used during 2019. Calculate Paulson Company's predetermined overhead rate based on machine hours. List your answer with two places after the decimal point (i.e., $7.60). https://osu.instructure.com/courses/14429/quizzes/40039/take 3/6 2017/3/28 Quiz: Quiz Five Question 8 5 pts ABC Company produces and sells a single product. During 2020, ABC Company reported breakeven sales dollars of $400,000, a contribution margin ratio of 40%, and a net income of $150,000. Calculate the dollar amount of sales revenue generated by ABC Company during 2020. Do not use decimals in your answer. Question 9 5 pts Madtack Company uses a joborder costing system and started the month of March with three jobs in process. The cost of beginning work in process plus the costs added during March are shown below: Job #359 Job #360 Job #361 beginning work in process ..... $4,800 $6,300 $3,500 COSTS ADDED DURING MARCH direct materials .............. $3,300 $4,100 $6,400 direct labor .................. 5,000 3,000 4,000 Madtack applies overhead to jobs at a rate of 75% of direct materials used. During March, Madtack completed and sold Job #361. Job #359 was also completed but was not sold by the end of March. Job #360 was not completed by the end of March. Madtack's actual overhead cost for the month of March totaled $11,500. Calculate Madtack's cost of goods sold manufactured for March. Do not use decimals in your answer. https://osu.instructure.com/courses/14429/quizzes/40039/take 4/6 2017/3/28 Quiz: Quiz Five Question 10 5 pts Madtack Company uses a joborder costing system and started the month of March with three jobs in process. The cost of beginning work in process plus the costs added during March are shown below: Job #359 Job #360 Job #361 beginning work in process ..... $4,800 $6,300 $3,500 COSTS ADDED DURING MARCH direct materials .............. $3,300 $4,100 $6,400 direct labor .................. 5,000 3,000 4,000 Madtack applies overhead to jobs at a rate of 75% of direct materials used. During March, Madtack completed and sold Job #361. Job #359 was also completed but was not sold by the end of March. Job #360 was not completed by the end of March. Madtack's actual overhead cost for the month of March totaled $11,500. Calculate Madtack's cost of goods sold after the overhead variance is closed for March. Do not use decimals in your answer. Question 11 5 pts The number of units produced and the the utilities cost over the past seven months for Betty DeRose, Inc. are given below: Month Utilities Cost Units Produced January $17,200 6,200 February 14,500 5,300 March 18,600 7,100 April 13,000 4,800 May 15,800 5,900 June 12,300 4,600 July 17,800 6,800 Betty DeRose expects to produce 5,750 units during August. Using the highlow method, calculate Betty DeRose, Inc.'s expected utilities cost for August. Do not use decimals in your answer. https://osu.instructure.com/courses/14429/quizzes/40039/take 5/6 2017/3/28 Quiz: Quiz Five Quiz saved at 8:55pm https://osu.instructure.com/courses/14429/quizzes/40039/take SUBMIT QUIZ 6/6