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I only need answers for 1-6, 8-9, 11, 22. All I need are answers no work necessary. Thanks! Direct product costs are charged against income
I only need answers for 1-6, 8-9, 11, 22. All I need are answers no work necessary. Thanks!
Direct product costs are charged against income in the time period A. that the product is manufactured. B. that the product is sold C. that the product cost is paid. D. that the product is purchased. 2. The Asia Compan g direct labor hours. The company calculated a predetermined overhead rate of $10 per hour. During 2016, the 3,000 units and actual of y uses standard costing and applies manufacturing overhead to units (standard) variable company had budgeted production of production of 3,200 units. The standard for direct labor is 2 hours I labor usage during 2016 was 2.1 hours per unit. How much total ariable overhead would have been applied to units during 2016? A. $60,000 B. S63,000 C. $64,000 D. $67,200 E. None of the above company uses machine hours as a basis for computing its predetermined overhead rate. Budgeted total overhead for 2016 is $400,000, and budgeted machine hours for 2016 are 0,000 The actual total overhead cost for 2016 is $440,000, and the actual total machine are 53,000. Compute the underapplied or overapplied overhead for 2016 3. A A. $16,000 underapplied B. $16,000 overapplied C $24,000 underapplied D. $24,000 overapplied year, and a selling price of $9.10 Approximately how many units does the company need to sell in order to earn a net operating income of S9,320? A. 3.174 B. 4,000 C. 5,200 D. 5,316 A company has variable expenses of $4.50 per unit, total fixed expenses of $14,600 per At a level of 10,000 hours, a particular cost is $80,000. At a level of 15,000 hours, the cost has risen to $120,000. This is an example of a: A. variable cost. 5. fixed cost. B. C. mixed cost ompany produces and sells one product: its unit variable cost is $22 and its unit selling price is $40. For the most recent period, it recorded S190,000 and total variable cos team predicts that sales will increase by 10% if a special advertising $20,000 is adopted. Should we adopt this strategy? A. yes; profits will increase by $20,000 total fixed costs of ts of $220,000 and sales of $400,000. The marketing campaign costing B. yes, profits will increase by $18,000 C. yes; profits will increase by $2,000 D. yes; profits will increase by some other amount E. no: profits will decrease tion has two divisions: Retail Division and Wholesale Division. The following st recent operating period 7. Be rtie Corpora data are for the mo Wholesale Total Company Retail Division Division $ 680,000 375,000 233,000 $ 185,530 S 90,000 S 95,530 S 303,000 S 217,000 S 86,000 Sales Variable expenses Traceable fixed expenses common fixed expenses of the company are $103,360 The Retail Division's break-even sales is closest to: A) $369,408 B) $421,526 C) $584,815 $285,526 57,,000-90,000 L85000 375ood .76 2 1n,00o: 8. When establishing budgets for a company, the starting A) The cash budget B) The production budget C) The direct materials budget D) The sales budget point is: 9. The LaPann Corporation has obtained the following sales forecast data: July S 80,000 S 70,000 S 240,000 220,000 Cash sales Credit sales August September October 50,000 s 60,000 180,000 s 200,000 The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted total cash receipts for October would be: A) $188,000 B) $248,000 C) $226,000 D) $278,000 10. Buckson Framing's cost formula for its supplies cost is $1,350 per month plus $18 per frame. For the month of June, the company planned for activity of 716 frames, but the actual level of activity was 713 frames. The actual supplies total cost for the month was $14,820. The supplies total cost in the flexible budget for June would be closest to: A) $14,820 B $14,184 C) $14,178 D) $14,238 A company normally uses a production team of 4 skilled workers and 1 unskilled worker. The skilled workers are better than the unskilled workers in both speed and efficiency Normally, the skilled workers are paid a much higher wage rate than the unskilled workers. However, during the current period, the team consisted of 3 skilled and 2 unskilled workers. Based on this information, for the current period, it is most likely that the labor rate variance would 11. and the labor efficiency variance would be A. favorable, favorable B. favorable, unfavorable C. unfavorable, unfavorable D. unfavorable, favorable 20. The division's return on investment (ROI) is closest to: B: 14.6% C. 36.6% D. 0.9% 21. The division's residual income is closest to: A. $582,320 s22,320 C. $(823,280) D. $1,142,320 22. The Chie Company wants to sell 5,000 units on a special order to a foreign customer. For this particular order, total fixed costs traceable to the special order are $100,000 and the unit variable cost is $8. If the company wants to make a $20,000 profit on this particular order, then what must be the minimum unit selling price? A. $24 B. $28 C. $32 D. S36 Consider the following production and cost data for two products, X and Y: 23. Product XProduct Y $24 3 hours Contribution margin per unit Machine-hours needed per unit $18 2 hours The company has 15,000 machine hours available each period, and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period? A. $120,000 B. $125,000 $135,000 D. $150,000 Step by Step Solution
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