Multiple choice Question 91 Foxx Company incurs 5440000 overhead costs each year in its three main departments, setup ($20000), machining (5295000), and packing ($125000). The setup department performs 40 setups per year, the machining department works 1000 hours per year, and the packing department packs 500 orders per year. Information about Foxx'two products is as follows: Product All Product B1 Number of setup Machining hours Orders packed Number of products manufactured If machining hours are used as a base under traditional casting, how much overhead is assigned to product Al each year? $147500 $132000 58000 $220000 Multiple Choice Question 93 Forex Company incurs $260000 overhead costs each year in its three main departments, setup (1200001. machining (5175000), and packing (565000). The setup department performs 40 stups per year, the machining department works 5000 hours per year, and the packing department packs 500 orders per year. Information about Fence's two products is as follows Product Al Product 1 4000 Number of setups Machining hours Orders packed Number of products manufactured "150 350 600 400 Using ABC, how much overhead is assigned to Product 31 each year? $208000 $130000 $195500 $104000 Multiple Choice Question 77 Sheffield Corp. recently performed repair services for a customer that totaled $500. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was Total bill Labor proht margin Materials profit margin Total labor charges Cost of materials used Total hourly cost $650 10 20% $440 $140 $22.5 What was the material loading charge? 34.3% 50% 37.5% 57.29 Multiple Choice Question 85 Sunland Company has the following budgeted costs for the next year: Material Charges Time Charges $120000 Shop employees' wages and benefits Parts manager's salary and benefits Office employee's salary and benefits Other overhead Invoice cost of parts and materials Total budgeted costs 15000 10000 45000 15000 40000 400000 $500000 $145000 The material loading charge to be used next year assuming a 45% markup on material cost is 45% 80%. 20%. 65%