Hello. Can you please answer the 20 MC questions within an hour? I need them by 8:30 easter.

1. Transaction drivers usually take more effort to record than duration drivers. Select one: a. True b. False 2. Wecker Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Data concerning two products appear below: How much overhead cost would be assigned to Product V09X using the activity-based costing system? Select one: a. $91,722.47 b. $5,485.50 c. $157.87 d. $10,385.22 3. Ekmark Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Data for one of the company's products follow: How much overhead cost would be assigned to Product P59G using the activity-based costing system? Select one: a. $5,301.76 b. $54,482.56 c. $10,014.40 d. $154.78 4. Laningham Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead costs-equipment depreciation and supervisory expense-are allocated to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below: In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: How much overhead cost is allocated to the Machining activity cost pool under activitybased costing in the first stage of allocation? Select one: a. $2,100 b. $14,800 c. $36,000 d. $38,100 5. An avoidable cost is a cost that can be eliminated (in whole or in part) as a result of choosing one alternative over another. Select one: a. True b. False 6. The cost of a resource that has no alternative use in a make or buy decision problem has an opportunity cost of zero. Select one: a. True b. False 7. Depreciation expense on existing factory equipment is generally relevant to a decision of whether to accept or reject a special offer for a company's product. Select one: a. True b. False 8. Schemm Inc. regularly uses material F04E and currently has in stock 460 liters of the material for which it paid $2,622 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.25 per liter. New stocks of the material can be purchased on the open market for $5.85 per liter, but it must be purchased in lots of 1,000 liters. You have been asked to determine the relevant cost of 800 liters of the material to be used in a job for a customer. The relevant cost of the 800 liters of material F04E is: Select one: a. $4,404 b. $4,680 c. $5,850 d. $4,200 9. Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor-hours. The direct labor rate is $11.20 per direct labor-hour. The production budget calls for producing 7,100 units in October and 6,900 units in November. The company guarantees its direct labor workers a 40-hour paid work week. With the number of workers currently employed, that means that the company is committed to paying its direct labor work force for at least 5,480 hours in total each month even if there is not enough work to keep them busy. What would be the total combined direct labor cost for the two months? Select one: a. $120,736.00 b. $122,752.00 c. $120,881.60 d. $122,606.40 10. Avril Company makes collections on sales according to the following schedule: The following sales are expected: Cash collections in March should be budgeted to be: Select one: a. $113,000 b. $105,000 c. $110,000 d. $110,800 11. Hardy, Inc., has budgeted sales in units for the next five months as follows: Past experience has shown that the ending inventory for each month should be equal to 20% of the next month's sales in units. The inventory on May 31 contained 1,640 units. The company needs to prepare a production budget for the next five months. The beginning inventory for September should be: Select one: a. 720 units b. 1,640 units c. 940 units d. 520 units 12. Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000. To attain its desired ending cash balance for November, the company needs to borrow: Select one: a. $84,000 b. $0 c. $50,000 d. $16,000 13. Edington Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 2,800 client-visits, but its actual level of activity was 2,850 clientvisits. The clinic has provided the following data concerning the formulas to be used in its budgeting for September: The net operating income in the planning budget for September would be closest to: Select one: a. $10,300 b. $16,387 c. $11,300 d. $16,978 14. Parisi Clinic uses client-visits as its measure of activity. During March, the clinic budgeted for 2,300 client-visits, but its actual level of activity was 2,350 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting: The net operating income in the flexible budget for March would be closest to: Select one: a. $10,340 b. $9,905 c. $11,100 d. $12,500 15. Hanekamp Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During August, the company budgeted for 5,400 units, but its actual level of activity was 5,440 units. The company has provided the following data concerning the formulas to be used in its budgeting: The manufacturing overhead in the flexible budget for August would be closest to: Select one: a. $39,722 b. $39,140 c. $39,000 d. $39,040 16. Lotson Corporation bases its budgets on machine-hours. The company's static planning budget for May appears below: Actual results for the month were: The spending variance for supplies costs in the flexible budget performance report for the month should be: Select one: a. $600 U b. $270 F c. $270 U d. $600 F 17. Question 17 Hurren Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is: Select one: a. $995 U b. $950 U c. $950 F d. $995 F 18. Hurren Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for June is: Select one: a. $1,365 U b. $1,350 U c. $1,365 F d. $1,350 F 19. Kibodeaux Corporation makes a product with the following standard costs: The company budgeted for production of 3,300 units in June, but actual production was 3,400 units. The company used 33,240 liters of direct material and 320 direct laborhours to produce this output. The company purchased 35,900 liters of the direct material at $4.90 per liter. The actual direct labor rate was $22.70 per hour and the actual variable overhead rate was $2.70 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is: Select one: a. $440 F b. $454 U c. $440 U d. $454 F 20. Pikus Corporation makes a product that has the following direct labor standards: In January the company's budgeted production was 3,400 units, but the actual production was 3,500 units. The company used 640 direct labor-hours to produce this output. The actual direct labor cost was $8,960. The labor rate variance for January is: Select one: a. $700 U b. $640 F c. $640 U d. $700 F