iii) Brand Corporation has provided the following information:

	Cost per Unit			Cost per Period
Direct materials	$	4.90
Direct labor	$	4.00
Variable manufacturing overhead	$	1.60
Fixed manufacturing overhead				$	8,700
Sales commissions	$	2.00
Variable administrative expense	$	0.35
Fixed selling and administrative expense				$	5,700

For financial reporting purposes, the total amount of period costs incurred to sell 3,000 units is closest to:

Multiple Choice

Top of Form

$12,750

$7,050

$5,700

$8,700 Bottom of Form

Bottom of Form

iv) Brand Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

Estimated machine-hours		72,600
Estimated variable manufacturing overhead	$	3.10	per machine-hour
Estimated total fixed manufacturing overhead	$	838,740

The predetermined overhead rate for the recently completed year was closest to:

Multiple Choice

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$8.66 per machine-hour

$9.30 per machine-hour

$14.65 per machine-hour

v) Job 301 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials	$	2,454
Direct labor-hours		71	labor-hours
Direct labor wage rate	$	15	per labor-hour
Machine-hours		137	machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $16 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 301 would be:

Multiple Choice

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$3,519

$5,711

$3,035

$6,551

vi) Brand Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:

Total direct labor-hours		70,000
Total fixed manufacturing overhead cost	$	273,000
Variable manufacturing overhead per direct labor-hour	$	6.00

Recently, Job P673 was completed with the following characteristics:

Number of units in the job		50
Total direct labor-hours		100
Direct materials	$	680
Direct labor cost	$	7,000

The total job cost for Job P673 is closest to: (Round your intermediate calculations to 2 decimal places.)Rechecks 2017-06-22, 2017-08-01

Multiple Choice

Top of Form

$7,990

$7,680

$1,670

$8,670