Peyton Manufacturing has the following data: Work-in-process inventory, January 1, 20x8 Work-in-process inventory, December 31, 20x8 Conversion costs during the year $60,000 65,500 432,000 points 02 5916 If the cost of goods manufactured for the year was $569,000, what was the amount of direct materials used during the year? Multiple Choice 142,500 $55,500 $137000. $196,500 None of the answers is correct. 2 Rainier Industries has Raw materials inventory on January 1, 20x8 of $34,800 and Raw materials inventory on December 31, 20x8 of $29,000. If purchases of raw materials were $158,000 during the year, what was the amount of raw materials used during the year? points Multiple Choice 0305-3B $158,000 None of the answers is correct $152,200 $163,800 $169,600 Organize, Inc. has only variable costs and fixed costs. A review of the company's records disclosed that when 200,000 units were produced, fixed manufacturing costs amounted to $1,000,000 and the cost per unit manufactured totaled $14. On the basis of this information, how much cost would the firm anticipate at an activity level of 205,000 units? Multiple Choice polnts $2,845,000. $2.832,000. $2.824.000 $2.800000. None of the answers is correct. Shu Corporation recently computed total product costs of $560.,000 and total period costs of $425,000, excluding $32,000 of sales commissions that were overlooked by the company's administrative assistant. On the basis of this information, Shu's income statement should reveal operating expenses of Multiple Choice points $457000 $560,000 $32,000 $592.000. $425,000. 5 Flower Depot, Inc. sells a single product for $10. Variable costs are $3 per unit and fixed costs total $150,000 at a volume level of 8,300 units. What dollar sales level would Flower Depot have to achieve to earn a target profit of $270,000? 2 Multiple Choice 03-03-59 $1,075,000 $600,000. $775,000. $875,000. $124,500. 6 A recent income statement of Benton Corporation reported the following data: Sales revenue Variable costs Fixed costs $8,075,000 5, 624,000 2,960,000 points 0303:27 If these data are based on the sale of 19,000 units, the contribution margin per unit would be: Multiple Choice $19. $129. $269. $339. None of the answers is correct 7 Dorsett Technologies had finished goods inventory on January 1 20X8 of $30,000 and finished goods inventory on December 3, 20 8 of the year was $392,000, what was the cost of goods sold for the year? 24,800. If the cost of goods manufacture for points Multiple Cholce 03:02:45 $402,400 $392.000 S397200. $407,600. None of the answers is correct 8 Metalica Company applies overhead based on machine hours. At the beginning of 20x1, the company estimated that manufacturing overhead would be $696,000, and machine hours would total 24,000. By 20x1 year-end, actual overhead totaled $754,000, and actual machine hours were 29,000. On the basis of this information, the 20x1 predetermined overhead rate was points Multiple Choice 03:0214 $24 per machine hour $004 per machine hour $26 per machine hour $29 per machine hour $0.03 per machine hour Units to be produced Orders to be shipped Number of parts per unit Machine hours per unit Labor hours per unit Economy Standard Deluxe 2,550 260 10,000 1,780 15 4,600 490 25 points What is Barnett's pool rate for the packaging activity? Multiple Choice $3.30 per machine hour $3.44 per labor hour. $700 per unit $69.96 per order shipped. None of the answers is correct. St. Vincent's, Inc., currently uses traditional costing procedures, applying $1,163,600 of overhead to products Beta and Zeta on the basis of direct labor hours, The company is considering a shift to activity-based costing and the creation of individual cost pools that will use direct labor hours (DLH), production setups (SU), and number of parts c drivers. Data on the cost pools and respective driver volumes follow. s (PC) as cost Pool No.1 Pool No. 2 Pool No. 3 (Driver: SU) 40 65 (Driver: DLH) 2,100 3,100 (Driver: PC) 2,550 points Product 02:59-58 770 Pool Cost $312,000 $420,000 $431,600 The overhead cost allocated to Beta by using traditional costing procedures would be: Multiple Cholce $469,915. S585,915. $673,915 $693,685. None af the answers ik enrrert