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Please help with some multi-choice questions, no working out necessary :) Question 36 Gregory Company has identied three cost pools to allocate overhead costs. The

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Please help with some multi-choice questions, no working out necessary :)

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Question 36 Gregory Company has identied three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Overhead Costs Cost driver Activity level Supervision of direct labor $326,000 Direct labor-hours 900,000 Machine maintenance $132,000 Machine-hours 960,000 Facility rent , Square feet of area 100,000 Total overhead costs $, The accounting records show the Mossman Job consumed the following resources: Cost driver Actual level Direct labor-hours 200 Machine-hours 1 ,500 Square feet of area 70 Under activity-based costing, what is the amount of machine maintenance costs allocated to the Mossman Job (round to 2 decimal places)? "" $206.75 "" $206.25 "" $206.00 "" $206.50 Quastion 37 2 points Save Ar Aqua Company produces two productsAlpha and Beta. Alpha has a high market share and is produced in bulk. Production of Beta is based on customer orders and is custom designed. Also, 55% of Beta's cost is shared between design and setup costs, while Alpha's major portions of costs are direct costs. Aqua is using a single cost pool to allocate indirect costs. Which of the following statements is true of Aqua? '\" Aqua will overcost Beta's indirect costs because beta has high indirect costs. A Aqua will undercost Alpha's indirect costs because alpha has high direct costs. "' Aqua will overcost Alpha's indirect costs as it is using a single cost pool to allocate indirect costs. "' Aqua will overcost Beta's direct costs as it is using a single cost pool to allocate indirect costs. Question 40 Gregory Company has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Overhead Costs Cost driver Activity level Supervision of direct labor $326,000 Direct labor-hours 900,000 Machine maintenance $132,000 Machine-hours 960,000 Facility rent $217,000 Square feet of area 100,000 Total overhead costs $675,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Actual level Direct labor-hours 200 Machine-hours 1,500 Square feet of area 70 If direct labor-hours are considered the only overhead cost driver, what is the single cost driver rate for Gregory? C $0.75 per direct labor-hour $1.25 per direct labor-hour $0.80 per direct labor-hour C $1.33 per direct labor-hourQuastlon 41 2 points Save Ansv For 2013, Bakers Manufacturing uses machine-hours as the only overhead cost-allocation base. The direct cost rate is $3.00 per unit. The selling price of the product is $20.00. The estimated manufacturing overhead costs are $240,000 and estimated 40,000 machine hours. The actual manufacturing overhead costs are $300,000 and actual machine hours are 50,000. What is the prot margin earned if each unit requires two machine-hours, assuming Bakers Manufacturing uses actual costing system? A $53.73 A $33.33% A 53.33% A 66.67% Question 42 Shine Jewelry sells 400 units resulting in $7,000 of sales revenue, $3,000 of variable costs. and $1,500 of fixed costs. Calculate the variable cost per unit. 5\" $7.50 "7 $8.00 "\" $11.00 "f\" $7.00 Question 44 The Marietta Company has fixed costs of $60,000 and variable costs are 75% of the selling price. To realize prots of $10,000 from sales of 50,000 units, the selling price per unit 'A must be $5.60 "' must be $1.20 "' must be $6.00 "\" must be $4.23

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