If a company has fixed costs of $180,000 and variable costs of $7.50 per unit, how units must it sell at $12.00 each to break even? How many units would have to be sold to earn operating income of $90,000? many 10. A company had the following data for last year: Month January February March April Ma June Occupancy Days 1,736 1,904 2,356 960 360 744 2,108 2,406 840 124 720 1,364 Electrical Costs $4,127 4,207 5,083 2,857 1,871 2.969 4,670 5,148 2,691 1,588 2,454 3,529 August September October November December Using the high-low method, calculate the variable cost per occupancy day and the fixed cost per month. Write the cost formula. Use this information for questions 11-13: Acitelli Cor poration, which applies manufacturing overhead on the basis of machine-hours, of operations Estimated manufacturing overhead $357,000 Estimate machine hours Actual manufacturing overhead Actual machine hours 8,500 5358,000 8,560 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. 11. The predetermined overhead rate is closest to: a. $42.30 b.541.82 -. $42.12 d. $42.00 12. The applied manufacturing overhead for the year is closest to: $357,979 b.$360,547 c. $359,520 d. $362,088 13. The overhead for the year was: a. $1,520 underapplied b. $2,520 overapplied c. $1,520 overappliecd al$2,520 underapplied 14. Which of the following accounts is debited when direct labor is recorded? a. Work in process b. Salaries and wages expense c. Salaries and wa d. Manufacturing overhead ges payable 15. During December at Ingrim Corporation, $74,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $6,000. The journal entry to record the requisition from the storeroom would include a: a debit to Raw Materials of $74,000 b. debit to Work in Process of $68,000 c. credit to Manufacturing Overhead of $6,000 d. debit to Work in Process of $74,000 16. What is the journal entry recorded when manufactured products are finished? When they are sold? (Assume perpetual inventory) 17. Which of the following is the correct journal entry to record direct materials put into production? Raw Materials Inventory Work in Process Inventory Work in Process Inventory b. Finished Goods Inventory Work in Process Inventory C. Raw Materials Inventory Finished Goods Inventory d. Work in Process Inventory 18. What appears on the job cost sheet