Note: Please put your name & ID# on the exam & answer sheet. Provide all your answers on the answer sheet and return it along with the exam after completion. 27. Amesbury Construction assembles residential houses using job-costing with categories and one indirect-cost pool (assembly support). In 2010, Amesbury budgeted for assembly- support costs to be $8,300,000 and direct labor hours to be 166,000 hrs for 2011. Direct labor-hours is the allocation base for assembly support costs. At 2011 year end, Amesbury compares costs of several jobs that were started& completed in 2011, two of which are as follows two direct-cost Laguna Model Mission Model Construction period Direct material costs Direct labor costs Direct labor-hours Feb-June 2011 $106,760 s 36,950 May-Oct 2011 $127,550 s 41320 960 What is the total job costs of the Laguna Model using normal costing? A) $191,710 B) $221,370 C) $413,080 D) $48,000 28. The cost classifications of BMW X5 car manufacturing line is shown in the exhibit below: Assignment of Costs to Cost Object e Cost object: BMW X5s Cost object: BMW X5s produced Example: Tires used in assembly of automobile produced Example: Power cosus at Spartanburg plant. Power usage is metered only to the plant, where multiple products are assembled. Variable Costs Cost- Behavior Pattern . Cost object: BMW X5s Cost object: BMW x5s produced Example: Salary of Example: Annual lease costs supervisor on BMW X5 assembly line at Spartanburg plant. Lease is for whole plant, where multiple products are produced. Fixed Costs Based on the given four cost examples for BMW X5, what would be the correct cost classification categories used for 1 & 2 in the exhibit? A) 1: Indirect Costs, 2: Direct Costs B) 1: Direct Costs; 2: Period Costs C) 1: Direct Costs; 2: Indirect Costs D) 1: Period Costs; 2: Inventoriable Costs Note: Please put your name & ID# on the exam & answer sheet. Provide all your answers on the answer sheet and return it along with the exam after completion. 27. Amesbury Construction assembles residential houses using job-costing with categories and one indirect-cost pool (assembly support). In 2010, Amesbury budgeted for assembly- support costs to be $8,300,000 and direct labor hours to be 166,000 hrs for 2011. Direct labor-hours is the allocation base for assembly support costs. At 2011 year end, Amesbury compares costs of several jobs that were started& completed in 2011, two of which are as follows two direct-cost Laguna Model Mission Model Construction period Direct material costs Direct labor costs Direct labor-hours Feb-June 2011 $106,760 s 36,950 May-Oct 2011 $127,550 s 41320 960 What is the total job costs of the Laguna Model using normal costing? A) $191,710 B) $221,370 C) $413,080 D) $48,000 28. The cost classifications of BMW X5 car manufacturing line is shown in the exhibit below: Assignment of Costs to Cost Object e Cost object: BMW X5s Cost object: BMW X5s produced Example: Tires used in assembly of automobile produced Example: Power cosus at Spartanburg plant. Power usage is metered only to the plant, where multiple products are assembled. Variable Costs Cost- Behavior Pattern . Cost object: BMW X5s Cost object: BMW x5s produced Example: Salary of Example: Annual lease costs supervisor on BMW X5 assembly line at Spartanburg plant. Lease is for whole plant, where multiple products are produced. Fixed Costs Based on the given four cost examples for BMW X5, what would be the correct cost classification categories used for 1 & 2 in the exhibit? A) 1: Indirect Costs, 2: Direct Costs B) 1: Direct Costs; 2: Period Costs C) 1: Direct Costs; 2: Indirect Costs D) 1: Period Costs; 2: Inventoriable Costs