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I have attached a file I need these done ASAP please thanks in advance Question 7 Question text Green Bags Company manufactures cloth grocery bags

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I have attached a file I need these done ASAP please thanks in advance image text in transcribed

Question 7 Question text Green Bags Company manufactures cloth grocery bags to be sold to grocery stores and other retailers. Green Bags Company sells the bags in cases of 1,000 bags. The bags come in three sizesLarge, Medium, and Small. Currently, Green Bags Company uses a single plantwide overhead rate to allocate its $7,141,100 of annual manufacturing overhead. Of this amount, $1,875,000 is associated with the Large Bag line, $2,992,500 is associated with the Medium Bag line, and $2,273,000 is associated with the Small Bag line. Green Bags Company is currently running a total of 37,000 machine hours12,500 in the Large Bag line, 13,300 in the Medium Bag line, and 11,200 in the Small Bag line. Green Bags Company uses machine hours as the cost driver for manufacturing overhead costs. The plantwide manufacturing overhead rate would be closest to: Select one: a. $50.68 per machine hour. b. $225.00 per machine hour. c. $193.00 per machine hour. d. $150.00 per machine hour. Question 8 Question text Green Bags Company manufactures cloth grocery bags to be sold to grocery stores and other retailers. Green Bags Company sells the bags in cases of 1,000 bags. The bags come in three sizes: Large, Medium, and Small. Currently, Green Bags Company uses a single plantwide overhead rate to allocate its $7,141,100 of annual manufacturing overhead. Of this amount, $1,875,000 is associated with the Large Bag line, $2,992,500 is associated with the Medium Bag line, and $2,273,000 is associated with the Small Bag line. Green Bags Company is currently running a total of 37,000 machine hours: 12,500 in the Large Bag line, 13,300 in the Medium Bag line, and 11,200 in the Small Bag line. Green Bags Company uses machine hours as the cost driver for manufacturing overhead costs. Which product line(s) have been overcosted or undercosted by using the plantwide manufacturing overhead rate? Select one: a. Large, Medium, and Small Bags have all been overcosted. b. Large Bags has been undercosted; Medium and Small have been overcosted. c. Large Bags has been overcosted; Medium and Small have been undercosted. d. Large, Medium, and Small Bags have all been undercosted. Question 10 Question text Research and development would most likely be classified as a: Select one: a. unitlevel activity. b. batchlevel activity. c. productlevel activity. d. facilitylevel activity. Question 11 Question text Using factory utilities would most likely be classified as a: Select one: a. unitlevel activity. b. batchlevel activity. c. productlevel activity. d. facilitylevel activity. Question 12 Question text Which of the following describes how, in ABC, the activity allocation rate is computed? Select one: a. You take the total estimated activity allocation base and subtract the total estimated total activity cost pool. b. The total estimated activity cost pool is divided by the total estimated activity allocation base. c. The total estimated activity allocation base is multiplied by the total estimated activity cost pool. d. The total estimated activity allocation base is divided by the total estimated activity cost pool. Question 13 Question text Pittinger Company manufactures cuckoo clocks and uses an activity-based costing system to allocate all manufacturing conversion costs. Each cuckoo clock consists of 10 separate parts totaling $120 in direct materials, and requires 2.0 hours of machine time to produce. Additional information follows: Activity Allocation Base Cost Allocation Rate Materials handling Number of parts Machining Machine hours Assembling Number of parts Packaging Number of finished units $1.25 per part $2.50 per machine hour $0.50 per part $1.50 per finished unit What is the cost of assembling per cuckoo clock? Select one: a. $4.50 b. $12.50 c. $3.00 d. $5.00 Question 16 Question text Durable Engines Company uses ABC to account for it manufacturing process. Activities Indirect activity budget Allocation base (cost driver) Materials handling $ 36,000 Based on number of parts Machine setup $ 19,200 Based on number of setups Assembling $ 6,000 Based on number of parts Packaging $ 12,800 Based on number of finished units Durable Engines Company expects to produce 2,000 engines. Durable Engines Company also expects to use 12,000 parts and have 16 setups. The allocation rate for packaging is: Select one: a. $6.40. b. $5.28. c. $3.00. d. $9.60. Question 17 Question text Sparrow Manufacturing manufactures small parts and uses an activity-based costing system. Activity Est. Indirect Activity Costs Materials Allocation base $70,000 Material moves Assembling $240,000 Direct labor hours Packaging $80,000 # of finished units Cost allocation rate $2.00/move $8.00/dir. labor hour $0.80/finished unit The following parts were produced in October with the following information: Part # Produced Materials Costs # Moves Dir. Labor Hrs. A 2,500 $2,500 800 200 B 3,500 $7,000 1,500 300 C 4,500 $11,250 2,200 1,000 Total unit cost for part B is: Select one: a. $2.34. b. $3.08. c. $6.06. d. $4.34. Question 18 Question text Kepple Manufacturing currently uses a traditional costing system. The company allocates overhead to its two products, Zips and Dees, using a predetermined manufacturing overhead rate based on direct labor hours. Here is data related to the company's two products: Zips Direct materials per unit Direct labor per unit Direct labor hours per unit Annual production Dees $ 140.00 $ 100.00 $ 55.00 $ 50.00 2.0 1.5 25,000 40,000 Information about the company's estimated manufacturing overhead for the year follows: Activities Activity measures Estimated overhead cost Supervision and maintenance Direct labor hours $2,200,000 Batch costs Number of batches $ 212,500 Engineering changes Number of engineering hours $ 180,000 Total estimated manufacturing overhead for the year $2,592,500 Total estimated direct labor hours for the company for the year are 110,000 hours. The company is evaluating whether it should use an activity-based costing system in place of its traditional costing system. Additional information about production needed for the activity-based costing system follows: Expected activity Zips Direct labor hours Dees Total 50,000 60,000 110,000 Setups 2,000 500 2,500 Part types 1,800 1,200 3,000 The amount of manufacturing overhead that would be allocated to one unit of Zips using the traditional costing system would be closest to: Select one: a. $23.57. b. $32.86. c. $35.35. d. $47.14. Question 20 Question text Kepple Manufacturing currently uses a traditional costing system. The company allocates overhead to its two products, Zips and Dees, using a predetermined manufacturing overhead rate based on direct labor hours. Here is data related to the company's two products: Zips Direct materials per unit Direct labor per unit Direct labor hours per unit Annual production Dees $ 140.00 $ 100.00 $ 55.00 $ 50.00 2.0 1.5 25,000 40,000 Information about the company's estimated manufacturing overhead for the year follows: Activities Activity measures Estimated overhead cost Supervision and maintenance Direct labor hours $2,200,000 Batch costs Number of batches $ 212,500 Engineering changes Number of engineering hours $ 180,000 Total estimated manufacturing overhead for the year $2,592,500 Total estimated direct labor hours for the company for the year are 110,000 hours. The company is evaluating whether it should use an activity-based costing system in place of its traditional costing system. Additional information about production needed for the activity-based costing system follows: Expected activity Zips Supervision and maintenance Dees Total 50,000 60,000 110,000 Batch costs 2,000 500 2,500 Engineering changes 1,800 1,200 3,000 The amount of manufacturing overhead that would be allocated to one unit of Zips using an activitybased costing system would be closest to: Select one: a. $11.95. b. $51.12. c. $32.86. d. $64.81

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