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LCM Company produces products X and Y. The direct cost of X is $25K:I per unit and Y is $350 per unit. Fifty units of
LCM Company produces products X and Y. The direct cost of X is $25K:I per unit and Y is $350 per unit. Fifty units of X and 150 units of Y were produced. Overhead amounting to $130,000 is allocated to products using direct costs as the relevant cost driver. Cost on per unit amounts to? O A. $1,050 0 B. $750 0 (3. $1,000 0 0. $1,250 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 Moerman Company produced 100 units that cost $1,800, and sold 90 of them for $29 a unit. Selling expenses amounted to $360. Cost of Goods Sold amounts to? A. $990 O B. $1620 O c. $1800 O D. None of the aboveXYZ Company's overhead amounts to $300,000 per period based on an output of 200 units of A, 300 units of B, and 500 units of C. Direct labor costs of A, B, and C per unit amount to $75, 50, and 40 respectively. Each unit also requires 7, 12, and 20 machine hours per unit of production. Using machine hours as cost driver, overhead chargeable in total for B amounts to: O A. $72,000 0 B. $28,000 0 c. $144,000 0 0. $200,000 Use the following data: Direct labour $120,000 Indirect labour $21,000 Overtime premiums paid $60,000 Depreciation on factory equipment $210,000 Administrative costs $30,000 Selling costs $15,000 Direct material used $450,000 Indirect materials $135,000 The conversion costs are: O A. $570,000 B. $591,000 O c. $546,000 D. $381,000Emmett quit his work where he made $20,000 a year to start graduate school that costs him $28,000 a year in the hope of getting a job that promises to pay $37,000 a year, with the expectation of starting his own business in three years that would bring him $75,000 a year. Emmett's opportunity cost is? O A. $23,000 0 B. $20,000 0 0. $75,000 0 0. $37,000
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