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Please answer all the questions!! Thanks 14 Choose: Lemon Company's Predetermined overhead rate is $30 per direct labor hour. Lemon produced job 101 using direct
Please answer all the questions!! Thanks
14 Choose: Lemon Company's Predetermined overhead rate is $30 per direct labor hour. Lemon produced job 101 using direct material costing $140. Direct labor was 3 direct labor hours at $20 per hour. The cost of job 101 would be: a. $230 b. $170 c. $200 d. $290 15| Choose: and a credit to The journal entry to apply factory overhead consists of a debit to and a credit to a. Factory Overhead -- Work in Process b. Finished Goods. Work in Process c. Cost of Goods Sold. Finished Goods d. Work in Process Factory Overhead 16 Choose: If a company's income tax rate is 30%, a company earning $140,000 after taxes would have what amount of earnings before taxes? a. 42,000 b. 98,000 . 200,000 d. none of these 17 Choose: Jen is creating a Production Budget. How is the Units to Produce calculated? a. Units to Produce = Sales - Ending Inventory - Beginning Inventory b. Units to Produce = Sales + Ending Inventory - Beginning Inventory c. Units to Produce = Sales + Ending Inventory + Beginning Inventory d. Units to Produce = Sales - Ending Inventory + Beginning Inventory 18 Choose: A company analyzes its costs and determines that its operating leverage factor is 3.5. By how much will net income increase, if sales revenue increases by 10%? a. 10% b. 20% c. 30% d. 35% 19 Choose: Sally is creating a present value of $1.00 table for an interest rate of 3.5%. What is the interest factor in the PV table for 5 years at 3.5%? a. 9662 b. 9335 c. 9019 d. .8420 20 Choose: Phillips completed and transferred 1,500 units that were 100% complete and 400 units that were 40% complete. How many Equivalent Units were manufactured? a. 1,500 b. 1,900 c. 1,560 d. 1,660Step by Step Solution
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