QUESTION 10 LCO:4 HighDry incurred a Net Loss this year. HighDry has asked Bob's CPA firm to calculate Break-Even in Sales Dollars so that they will be able to plan better for next year. Bob has been given the following information: Sales Revenue: ||$1,500,000 Variable Costs: $1,000,000 Fixed Costs: $750,000 What is Break-Even in Sales Dollars? Assume Bob's calculator rounds to four decimal places. $1,750,000 $2,500,555 $250,543 $2,250,000 QUESTION 11 LCO:4 Toys Unlimited has the following cost data available. Direct Materials are $99 per unit. Direct Labor is $55 per unit. Variable Manufacturing Costs are $25 per unit. Fixed Manufacturing Costs are $200,000. Toys Unlimited sold 3,500 units. They produced 4,000 units. Using Absorption costing, what is the production cost per unit? $154 OOO $179 $229 $236 QUESTION 12 LCO:4 How would ABC Company treat fixed manufacturing costs, under the absorption costing method and the variable costing method? Product Cost under absorption; Product Cost under variable Period Cost under absorption; Product Cost under variable Period Cost under absorption; Period Cost under variable Product Cost under absorption; Period Cost under variable QUESTION 13 LCO:4 A Method that estimates cost behavior by connecting the costs linked to the highest and lowest volume levels on a scatterdiabram with a straight line is called the: High-Low Method Scatter method Break-even method Least-squares method Step-wise method QUESTION 14 LCO:5 Ending inventory for each month should be 20% of the next month's sales. How many units should be purchased in March? Bentels Co. has predicted the following sales for the first four months of the next year: Jan. Feb. March April Sales in units 1,700 1,900 2,100 1,600 2,000. 1,980 1,860. 1,900. 1,940. QUESTION 15 LCO:5 Bartels Corp. produces woodcarvings. It takes 2 hours of direct labor to produce a carving. Bartels' standard labor cost is $12 per hour. During August, Bartels produced 10,000 carvings and used 21,040 hours of direct labor at a total cost of $250,376. What is Bartels' labor rate variance for August? $2,104 unfavorable. $2,000 favorable. $2,104 favorable. $2,000 unfavorable