Please use the following information for the next 3 questions: a. $723 b. $732 c. $772 d. $792 2. Under the variable costing system, what is the unit product cost? a. $723 b. $732 c. $772 d. $792 3. Under the absorption costing system, what is the amount of fixed manufacturing overhead cost included in the company's ending inventory? a. $146,470.59 b. $463,280.95 c. $800,000 i. $830,000 2. Its annual common fixed expenses are $100,000. 4. What is the segment margin for product 1 ? a. $117,600 b. $374,000 c. $250,400 d. $339,000 5. What is the segment margin for product 2 ? a. $117,600 b. $374,000 c. $250,400 d. $339,000 Please use the following information for the next 3 questavis. From past experience, the company has leamed that 30% of a month's sares auc wuming 10% are month of sale, another 60% are collected in the mad debts are negligible and can be ignored. collected in the second month following sale. Bad debts are $400,000 February sales totaled $370,000, and March sales 6. What is the company's cash collection in April? a. $494,000 b. $409,000 c. $496,000 d. $1,399,000 7. What is the company's cash collection in May? 8. What is the company's cach collection in fune? a. $494,000 b. 5409,000 c. $496,000 d. 51,399,000 Please use the following information for the next 4 questions: A company's production budget is as followx: Each unit requirs 0.25 diroct labor-hours, and direct laborens are paid 520.00 per hour. 9. What is the total direct labor bours needed in the fint quarter? a. 3700 b. 2,125 c. 1,775 d. 2,800 10. What is the fotal direct labor bours needed in the second quarter? a. 2,700 b. 2,125 c. 1,775 d. 2,800 11. What is the total direct labor cost for the thind quarter? 2. 554,000 b. 542,500 c. $56,000 d. 535,500 12. What is the toal direct labor cost for the fourth quarter? a. $54,000 b. $42,500 Please use the following information for the next 2 questions: The acrual results for August appear below: 13. What is the company's revenue variance? a. $4,560 unfavorable b. $3,960 unfavorable c. $020 fuvorable d. $600 favorable 14. What is the company's spending variance? a. $4,560 favorable b. $3,960 Gromble c. $620 unfarorable d. $600 unfavorable Please use the following information for the next 2 questions: This month, a company manufactured 3,900 units of products, using 2,340 kilograms of plastic. The plastic cost the company, in total, $15,444. According to the standard cost card, each unit of product should require 0.53 kilograms of plastic, at a cost of $7.00 per kilogram. 15. What is the material quantity variance? a. $1,911 favorable b. $1,911 unfavorable c. $936 favorable d. \$936 unfavorable 16. What is the material spending variance? a. $2,067 favorable b. $2,067 unfavorable c. $975 favorable d. $975 unfavorable
