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Needing some help, Please provide the solution. Thank you. 1 In September direct labor was 40% of conversion cost. If the manufacturing overhead for the

Needing some help, Please provide the solution. Thank you.

1

In September direct labor was 40% of conversion cost. If the manufacturing overhead for the month was $114,600 and the direct materials cost was $24,400, the direct labor cost was:

$131,400
$45,733
$62,400

$76,400

A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $3,330 and is paid at the beginning of the first year. Ninety percent of the premium applies to manufacturing operations and ten percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage?

Product Period

$3,330 $0
$2,997 $333
$1,998 $222
$999 $111

Carbaugh Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.

Production volume 6,800 units 7,800 units
Direct materials $77.90 per unit $77.90 per unit
Direct labor $49.20 per unit $49.20 per unit
Manufacturing overhead $78.30 per unit $74.30 per unit

The best estimate of the total cost to manufacture 7,500 units is closest to: (Do not round intermediate calculations.)

$1,487,370
$1,536,540
$1,518,660

$1,525,365

Ladanza Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $154.00 per unit.

Sales volume (units) 14,100 15,510
Cost of sales $1,170,300 $1,287,330
Selling and administrative costs $667,000 $705,070
The best estimate of the total contribution margin when 15,210 units are sold is:
$783,270
$669,240

$469,100

Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.

Production volume 8,900 units 10,000 units
Direct materials $535,780 $602,000
Direct labor $200,250 $225,000
Manufacturing overhead $1,004,200 $1,027,630

The best estimate of the total monthly fixed manufacturing cost is: (Do not round intermediate calculations.)

$822,130
$817,630
$814,630

$811,630

Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product.

Production volume 8,100 units 9,000 units
Direct materials $494,910 $549,900
Direct labor $109,350 $121,500
Manufacturing overhead $1,008,500 $1,019,480

The best estimate of the total cost to manufacture 8,900 units is closest to: (Do not round intermediate calculations.)

$1,682,200
$1,728,820
$1,588,960

$1,658,890

Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to applymanufacturing overhead to jobs. Last year, the Corporation worked 43,000 actual direct labor-hours and incurred $369,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 41,000 direct labor-hours during the year and incur $328,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:

overapplied by $16,000
underapplied by $16,000
overapplied by $25,000

underapplied by $25,000

At the beginning of the year, manufacturing overhead for the year was estimated to be $270,320. At the end of the year, actual direct labor-hours for the year were 22,500 hours, the actual manufacturing overhead for the year was $270,500, and manufacturing overhead for the year was overapplied by $8,500. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.)

20,300 direct labor-hours
22,500 direct labor-hours
21,400 direct labor-hours
21,800 direct labor-hours

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