Question
Please help me answer these questions: 1) Which of the following statements are true? i. If the activity level increases, then one would expect the
Please help me answer these questions:
1) Which of the following statements are true?
i. If the activity level increases, then one would expect the fixed cost per unit to increase as well.
ii. A fixed cost is a cost whose cost per unit varies as the activity level rises and falls.
iii. A decrease in production will ordinarily result in a decrease in fixed production costs per unit.
-----
A - Statements i and ii are true
B - Statements i and iii are true
C - Only statement iii is true
D - Only statement ii is true
--------------------------------------------------------
2)
A - $1,318,000
B - $1,038,000
C - $1,008,000
D - $728,000
--------------------------------------------------------
3) In a job-order costing system that is based on machine-hours, which of the following formulas is correct?
A - Predetermined overhead rate = Actual manufacturing overhead / estimated machine-hours
B - Predetermined overhead rate = Actual manufacturing overhead / actual machine-hours
C - Predetermined overhead rate = Estimated manufacturing overhead / actual machine-hours
D - Predetermined overhead rate = Estimated manufacturing overhead / estimated machine- hours
--------------------------------------------------------
4)
5)
following data for the just completed year: Overapplied manufacturing overhead would result if: Multiple Choice manufacturing overhead costs incurred were less than estimated manufacturing overhead costs. manufacturing overhead costs incurred were less than manufacturing overhead costs charged to production. manufacturing overhead costs incurred were greater than manufacturing overhead costs charged to production- the plant was operated at less than normal capacity. Shane Corporation has provided the following data concerning last month's operations. Direct materials Direct labor Manufacturing overhead applied to Work in Process $23,06$58,06$92,06 How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold? Multiple Choice $161,000 $157,000 $160,000 $193,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started