Janitors Salaries costs that were incurred in a company's production factory should be classified as salaries expense. Question 2 2 Points As soon as products are completed, their product costs are transferred from Raw Materials Inventory to Finished-Goods Inventory. A True B FalseMetalica Company.f applies overhead based on machine hours. At the beginning of 20:11. the company estimated that manufacturing overhead would be $450,000. and machine hours would total 30.000. By 20x1 year-end, actual overhead totaled $420,000. and actual machine hours were 25.000. On the basis of this information. the 20x1 predetermined overhead rate was: $18 per machine hour. $28 per machine hour. 515 per machine hour. $16.8 per machine hour. $14 per machine hour. Question 4 2 Points Osgood Company, which applies overhead at the rate of 170% of direct material cost, began work on job no. 101 during June. The job was completed in July and sold during August, having accumulated direct material and labor charges of $32,000 and $19,000, respectively. On the basis of this information, the total overhead applied to job no. 101 amounted to: A $83,300. B $0. $32,300. D $54,400. E $86,700.Question 5 2 Points The controller for Jack's Rabbits, Inc., estimates that the company's fixed overhead is $150,000 per year. He also has determined that the variable overhead is approximately $0.20 per rabbit raised and sold. Since the company has a single product, overhead is applied on the basis of output units, or in other words, rabbits raised and sold. What is the predetermined overhead rate per rabbit if the output estimate or prediction is 150,000 rabbits? A $3.00 B $7.50 $0.20 D $1.00 E $1.20Many traditional costing systems: combine widelyr varying elements of overhead into a single cost pool. trace manufacturing overhead to individual activities and require the development of numerous activity-costing rates. produce results far superior to those achieved with activitybased costing. use a host of different cost drivers [e.g., number of production setups, inspection hours, orders processed] to improve the accuracy of product costing. Activityr Basedcosting systems are structured on multiple, volumebased cost drivers. Question 8 2 Points Which of the following is least likely to be classified as a facility-level activity in an activity-based costing system? A Plant maintenance. B Production setup. Plant management salaries. D Property taxes.Barnett Products manufactures three types of remote-control devices: Economy. Standard. and Deluxe. The company. which uses activity-based costing. has identified ve activities [and related cost drivers}. Each activity. its budgeted cost. and related cost driver is identied below. Activity East East Driver Material handling $ 235,000 Number of par:s Material insertion 22,850,000 Number of par:s Automated machinery 1.328.000 Machine hours Finishing 24?.200 Direct labor hours Packaging 24?.200 Orders shipped Total $ 4.951400 The following information pertains to the three product lines for next year: Economy Units to be produced 11.200 Orders to be shipped 1.120 Number of parts per unit 'IU Machine hours per unit 2 Labor hours per unit 3 Under Barnett's activitybased costing system. what is the per-unit overhead cost of Deluxe? None ofthe answers is correct. Standard 6.200 620 15 Deluxe 3.200 320 25