LCM Company produces products X and Y. The direct cost of X is $250 per unit ($100 materials and $150 labor) and Y is $350 ($230 material and $120 labor) per unit. Fifty units of X and 150 units of Y were produced. Overhead amounts to $130,000 and is composed of material handling $12,000, labor support $60,000, machine operation $48,000, and general administration $10,000. Material handling cost driver is material cost, labor support cost driver is labor cost. Machine operation cost resulted from running the machines a total of 480 hours (360 hours of which was for product X). General administration effort related equally to product x and y. Machine operation chargeable per unit of Y amounts to? O A. $240 O B. $80 O c. $720 O D. $480The following information relates to a manufacturing firm which allocates overhead costs using Direct Labour as a cost driver. Predetermined overhead rate-200 per cent of direct labour cost Direct materials inventory, beginning of the year $27,500 Direct materials inventory, end of the year $15,000 Direct materials purchased during the year $225,000 Work in process inventory, beginning of the year $45,000 Manufacturing overhead applied during the year $100,000 Work in process inventory, end of the year $70,000 Under-applied manufacturing overhead $10,000 Calculate the amount of direct materials used during the year. O A. $237,500 O B. $186,500 O c. $212,500 O D. $253,500The difference between income under absorption costing as compared to variable costing equals to? .A. total production cost for units produced and not yet sold. 0 B. fixed selling and manufacturing cost for units produced and not yet sold. 0 (3. fixed manufacturing cost for units produced and not yet sold. 0 D. fixed selling expense for units produced and not yet sold. During the period 5,000 units of product K were produced at a cost of $33,000. 4,000 units of Product K were then sold for $9 a unit. As a result of this sale, nished goods inventory should be? 0 A. debited for $33,000 0 B. credited for $33,000 0 c. debited for $20,400 0 D. credited for $26,400 Assume that work in process at the beginning was $16,000 to which costs of $95,000 were added. Work in process ending amounted to $79,000 and from which defective goods amounting to $3,650 were detected. Cost of defective goods is usually written off to the period's cost of goods sold. The cost of goods completed for the period amounts to? O A. $18,350 0 B. $22,000 0 (3. $28,350 0 0. $32,000