Multiple Choice Question 55 The master budget of Bonita Industries shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: $650000 Indirect labor 110000 Machine supplies 140000 Indirect materials 100000 Depreciation on factory building $1000000 Total manufacturing overhead A flexble budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of O$1200000 $1100000. $1000000 $1180000. Multiple Choice Question 56 Concord Corporation prepared a 2016 budget for 150000 units of product. Actual production in 2016 was 160000 units, To be most useful, what amounts should a performance report for this company compare?" The actual results for 160000 units with last year's actual results for 165000 units It doesn't matter. All of these choices are equally useful The actual results for 160000 units with the original buadget for 150000 units The actual results for 160000 units with a new budget for 160000 units. Multiple Choice Question 57 A department has budgeted monthly manufacturing overhead cost of $570000 plus $3 per drect labor hour, If a flexible budget report reflects $1134000 for total budgeted manufacturing cost for the month, the actual level of activty achieved during the month was cannot be determined from the information provided. 378000 direct labor hours. 568000 direct labor hours. 188000 direct labor hours. Multiple Choice Question 74 Crane Company prepared a fooed budget of 40000 deect labor hours, with estimated overhead costs of $200000 for variable overhead and $90000 for fixed overhead. Crane then prepared a flexible budget at 37000 labor hours. How much is total overhead costs at this level of activity? $185000 O $28250 O $290000 $275000 Multiple Choice Question 75 For June, Concord Corporation estimated sales revenue at $500000. It pays sales commissions that are 4% of sales. The sales manager's salary is $265000, estimated shipping expenses total 1% of sales, and miscellaneous sellng expenses are $10000. How much are budgeted selling expenses for the month of July sales are expected to be $440000? O $297000 $22000 O$300000 $320004