In cleo company Predetermined overhead rate is 90% of direct labor cost. During the month, $210,000 of factory labor costs are incurred, of which $180,000 is direct labor and S30,000 is Actual overhead incurred was $200,000. The amount of overhead debited to Work in process Inventory should be: $120,000 $144,000 $168,000 $162,000 $180,000 Gizmo Manufacturers, a widgets manufacturing company, divides its production operations into three proceeds-Department 1, Department 2, and Department 3. The company uses a process costing system. Gizmo incurred the following costs during the year 2014, to produce 5,000 units. If Gizmo could sell only 3, 500 units in 2014, what will be the cost per unit of widget produced? $4.70 $3.50 $7.85 $5.50 Contribution margin ratio is equal to: fixed costs divided by contribution margin per unit. net sales revenue per unit minus variable costs per unit. net sales revenue minus variable costs. contribution margin divided by net sales revenue. Which of the following statements describes variable costs? Costs that vary on a per-unit basis as the level of activity changes. Costs that vary in total in direct proportion to changes in the level of activity. Costs that remain the same in total dollar amount as the level of activity changes. Costs that vary on a per-unit basis, but remain the same in total as the level of activity changes. If the unit selling price is $16, the unit variable cost is $12, and fixed costs are $40,000, what are the break-even sales (units)? 5, 714 units 10,000 units 13, 333 units 40,000 units