Johnson Company has provided the following data for the first five months of the year 24 Machine Hours 120 160 200 150 January February March April May 8 01454 Lubrication Cost $750 $810 $870 $795 $825 170 Using the high-low method of analysis, the estimated monthly fixed component of lubrication cost is closest to? Multiple Choice $570 24 $570 01:45:24 $560 $585 $565 The following Taccounts are for Stanford Company 20 ?(8) 8 1444 Raw Materials Cost of Goods Sold Beg. Bal 7000 24.000 (2) 19.000 2 (9) Sales Salaries Expense Work in Process (4) 11,000 Beg Bal 11,000? (2) 15,000 (418.000 (6) 31,000 Accounts Payable Manufacturing Overhead 19,000 cu (2 9,000 31,000 316,000 (4 8.000 (5) 5,000 Wages & Salaries Payable Finished Goods 7.000 Beg. Bal 18,000 37000 (4 762.000 End Bal 15,000 Accumulated Depreciation-Factory (6) 219) Beg Bal 218 Accumulated Depreciation-Factory 82,000 Beg Bal 16,000 (3) 20 The indirect labour cost is? 01:44:28 Multiple Choice $15.000 $18.000 $8.000 19 Hamilton Company uses job order costing Manufacturing overhead is applied using a predetermined rate of 150% of direct labour cost Any overapplied or underapplied manufacturing overhead is closed to the Cont of Goods Sold account at the end of each month. Additional information is available as follows Job 101 was the only job in process at January 31 The job cost sheet for this job contained the following costs of the beginning of the month 01:44:00 Direct materials Direct labour Applied manufacturing overhead $4,000 $2,000 $3,000 Jobs 102, 103, and 104 were started during February Direct materials requisitions for February totaled $26,000 Direct labour cost of $20,000 was incurred for February Actual manufacturing overhead was $32,000 for February The only job still in process at February 28 was Job 104, with costs of $2.800 for direct materials and $1,800 for direct labour The cost of goods manufactured for February was 19 Multiple Choice 01:43:44 $78,000 $85,000 $77.700 $79,700 Next > Simplex Company has the following estimated costs for next year 18 01:43:24 Direct materials Direct labour Sales commissions Salary of production supervisor indirect materials Advertising expense Rent on factory equipment $15.000 55,000 75,000 35,000 5,000 11,000 16,000 Simplex estimates that 10.000 direct labour and 16,000 machine hours will be worked during the year. If overhead is applied based on machine hours, the overhead rate per hour will be 18 Multiple Choice 01:43:07 $3.50 $8.56 $763 $6.94