Q1. Training Table has provided the following production and total cost data for two levels of monthly production volume. The company produces a single product cheese fries.

Production volume .. 2,000 units 4,000 units

Direct materials $153,400 $215,200

Direct labor .. $99,600 $131,600

Manufacturing overhead $253,000 $298,200

The best estimate of the total variable manufacturing cost per unit is:

Group of answer choices

$253

$161.25

$69.50

$207.13

Q2. Biomet sells hip, knee, and shoulder implants. The manager, JR, observed the following costs for the months of August and September.

Type of Cost	August	September
Insurance	$ 18,000	$ 18,000
Utilities	18,200	34,800
Depreciation	9,250	9,250
Materials	10,000	24,000

Assume that output at Biomet was 12,000 units in August and 22,000 units in September, utility cost is a mixed cost, and the fixed cost of utilities was $5,000. What was the variable rate per unit of output for utilities cost?

Group of answer choices

$1.66

$1.40

$3.06

$2.56

Q3. Cowboy Grub Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product Good Ole Big Monty.

Production volume .. 3,000 units 6,000 units

Direct materials $32.50 per unit $32.50 per unit

Direct Labor $49.50 per unit $49.50 per unit

Manufacturing overhead.. $83.00 per unit $62.00 per unit

The best estimate of the total monthly fixed manufacturing cost is:

Group of answer choices

$126,000

$372,000

$123,000

$369,000

Q4. Molca Salsa produces burritos. The company controller wants to calculate the fixed and variable costs associated with the burrito costs incurred in the factory. Data for the past four months were collected.

Month	Burrito costs	Machine hours
January	$20,500	820
February	15,850	355
March	25,650	845
April	18,910	730

Using the high-low method calculate the fixed cost of the burrito services.

Group of answer choices

$41,405

$8,750

$9,800

$31,605

Q5.

Refer to the figure in question 4. What would Molca Salsas estimate of total burrito cost be at a level of 780 machine hours?

Group of answer choices

$24,350

$38,220

$48,020

none of these are correct