Pederson Company reported the following: $2,000,000 Manufacturing costs Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory 0 units 1) What is the amount of gross margin? Select one: O a. $1,645,000 b. $5,405,000 C. $3,525,000 d. $1,750,000 The ABC company has the following estimated costs for the next year: Direct materials: $15,000 Indirect materials: $5,000 Direct labor: $55,000 Salary of production supervisor: $35,000 Rent on factory equipment: $16,000 Sales commission: $75,000 Advertising expenses: $11,000 It is estimated that 53,000 machine hours and 8,000 direct labor hours will be worked during the next year. What will be the predetermined overhead rate if company applies manufacturing overhead cost to jobs on the basis of direct labor hours. Select one: a. $14 b. $17 c. $7 O d. $15 Blows bu The total cost assigned to job 888W is $24,000 which includes direct materials cost of $6,000. The factory overhead is applied to work in process @ 150% of direct labor cost. What is the amount of direct labor cost charged and factory overhead applied to job 888W? Select one: O a. $6,000 and $12,000, respectively O 0 b. $9,600 and $14,400, respectively c. $7,200 and $10,800, respectively d. $4,800 and $72,200, respectively O Previous page Next page The RAND Company uses a job order costing system and computes its predetermined overhead rate at the beginning of each period on the basis of direct labor cost. At the end of current period, the only job in process is the job number 800C. The cost sheet related to job number 800C shows that the following direct materials and direct labor costs were incurred during the period: Direct materials cost: $800 Direct labor cost: $1,200 The work in process inventory account shows a balance of $2,600 at the end of current period. One the basis of above information, what is the predetermined overhead rate as a percentage of direct labor cost? Select one: a. 100% O b. 50% O C. 75% d. 200% lows bas Happy Valley Land and Snow Company provides the following ABC costing information: Activities Total Costs Activity-cost drivers 8,000 hours Labor hours en Gas 6,000 gallons $320,000 $36,000 $40,000 $396,000 Invoices 2,500 invoices Total costs The above activities used by their three departments are: Labor hours Lawn Department Bush Department Plowing Department 2,500 hours 1,200 hours 4,300 hours 1,500 gallons 800 gallons 3,700 gallons 1,600 invoices 400 invoices 500 invoices Gas Invoices How much of invoice cost will be assigned to the Bush Department? Select one: a. $25,600 ndows B. $8,000 C. $40,000 Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000 Units sold 47,000 units sold for $75 per unit Beginning inventory O units What is the amount of ending finished goods inventory? Select one: a. $1,880,000 O b. $120,000 c. $225,000 O d. $105,000 The following information pertains to Alleigh's Mannequins: Manufacturing costs $1,500,000 Units manufactured 30,000 Units sold 29,500 units sold for $85 per unit Beginning inventory 0 units What is the amount of gross margin? Select one: O a. $1,475,000 O b. $1,500,000 O C. $1,032,500 d. $2,507,500 dows bu ya The Fine Company uses a job order costing system. The following information belongs to current period: Estimated manufacturing overhead at the beginning of the period: $440,000 Actual manufacturing overhead incurred during the period: $400,000 Manufacturing overhead underapplied: $16,000 Predetermined overhead rate: $20 per direct labor hour On the basis of above information, how many direct labor hours were worked during the current period? Select one: a. 22,000 hours O b. 19,200 hours o c. 20,000 hours O d. 20,800 hours dows but The following cost data relates to job 855D: Direct materials: $27,400 Direct labor cost: $9,600 Manufacturing overhead cost - applied: $4,000 (160 machine hours @ $25/machine hour) Selling and shipping cost: $14,000 I The job 855D consists of 2,000 units and has been completed. What is the cost of goods sold per unit of job 855D? Select one: a. $26 b. $27.5 c. $20.5 d. $25.5 dows bo