Multiple choice questions please help 37 Which of the following costs is a mixed cost a Salary of a factory supervisor b Electricity costs of $2 per kilowatt hour c Rental costs of $5,000 per month plus $ 30 per machine hour of use d Straight line depreciation on factory equipment 38 Assume that QMW Co sold 8,000 units of Product A and 2,000 units of Product B during the past year The unit contribution margins for Products A and B are $20 and $45 respectively QMW has fixed costs of $350,000 The break even point in units is a 14,000 units b 25,278 units c 8,000 units d 10,769 units 39 Production estimates for July are as follows Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows Direct material A ($5 per lb ) 3 lbs Direct material B ($18 per lb ) 1 2 lb The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July production is a $1,080,000 for A $648,000 for B b $1,080,000 for A $1,296,000 for B c $1,170,000 for A $702,000 for B d $1,125,000 for A $675,000 for B 40 The difference between the current sales revenue and the sales at the break even point is called the a contribution margin b margin of safety c price factor d operating leverage 41 JPW Corporation began its operations on September 1 of the current year Budgeted sales for the first three months of business are $240,000, $300,000, and $420,000, respectively, for September, October, and November Each month, the company expects to sell 100 of its merchandise on account The sales on account are collected as follows70 are expected to be collected in the month of the sale, 25 in the month following the sale, and the remaining 5 in the following month In preparing a Cash Budget for the month of November , the anticipated TOTAL cash receipts are a $381,000 b $340,000 c $276,000 d $302,000 42 The standard factory overhead rate is $7 50 per machine hour ($6 20 for variable factory overhead and $1 30 for fixed factory overhead) based on 100 capacity of 80,000 machine hours The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows Actual Variable factory overhead $360,000 Fixed factory overhead 104,000 Standard hours allowed for units produced 60,000 hours at $7 50 450,000 What is the amount of the factory overhead volume variance a $12,000 unfavorable b $12,000 favorable c $14,000 unfavorable d $26,000 unfavorable

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Multiple choice questions please help. ____ 37. Which of the following costs is a mixed cost? a. Salary of a factory supervisor b. Electricity costs

Multiple choice questions please help.

____ 37. Which of the following costs is a mixed cost?

a.	Salary of a factory supervisor
b.	Electricity costs of $2 per kilowatt-hour
c.	Rental costs of $5,000 per month plus $.30 per machine hour of use
d.	Straight-line depreciation on factory equipment

____ 38. Assume that QMW Co. sold 8,000 units of Product A and 2,000 units of Product B during the past year. The unit contribution margins for Products A and B are $20 and $45 respectively. QMW has fixed costs of $350,000. The break-even point in units is:

a.	14,000 units
b.	25,278 units
c.	8,000 units
d.	10,769 units

____ 39. Production estimates for July are as follows:

Estimated inventory (units), July 1	8,500
Desired inventory (units), July 31	10,500
Expected sales volume (units), July	76,000

For each unit produced, the direct materials requirements are as follows:

Direct material A ($5 per lb.)	3 lbs.
Direct material B ($18 per lb.)	1/2 lb.

The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July production is:

a.	$1,080,000 for A; $648,000 for B
b.	$1,080,000 for A; $1,296,000 for B
c.	$1,170,000 for A; $702,000 for B
d.	$1,125,000 for A; $675,000 for B

____ 40. The difference between the current sales revenue and the sales at the break-even point is called the:

a.	contribution margin
b.	margin of safety
c.	price factor
d.	operating leverage

____ 41. JPW Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $240,000, $300,000, and $420,000, respectively, for September, October, and November. Each month, the company expects to sell 100% of its merchandise on account. The sales on account are collected as follows70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remaining 5% in the following month. In preparing a Cash Budget for the month of November, the anticipated TOTAL cash receipts are:

a.	$381,000
b.	$340,000
c.	$276,000
d.	$302,000

____ 42. The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead) based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows: