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please answer all 4 questions correctly! thanks Leaf Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The

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Leaf Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $117,000, variable manufacturing overhead of $2.00 per machine-hour, and 30.000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: 20 8e Number of units in the job Total machine-hours Direct materials Direct labor cost $ 500 $2,640 The predetermined overhead rate is closest to: Multiple Choice $4.90 per machine-hour $2.00 per machine-hour 0 o $3.90 per machine-hour C Highly trained workers could have a direct favorable effect on which of the following variances? Labor Rate Variance Yes Yes No Labor Efficiency Variance Yes No Yes No NO Multiple Choice o Choice B o Choice o C Choiron Which of the following statements is correct concerning the Cash Budget? 0 The Cash Budget does not contain any depreciation expenses 0 he ending cash balance is calculated by adding cash collected to the beginning cash balance for the period 0 Cash Budget must be prepared before any other budgets The Cash Budget never includes cash disbursements from selling and administrative expenses, it only includes disbursements from product costs Wilson Corporation's activity for the first six of the current year is as follows: January February March April May June Machine Hours 2,000 3,000 2,400 1,900 1,800 2,100 Electrical Cost $ 1,560 $ 2,200 $1,750 $ 1,520 $ 1,400 $1,600 Using the high-low method, the variable cost per machine hour would be: o o o 49 nf 40 E! Next >

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