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Question 23 2 pts The following information is available for a company's cost of sales over the last four months. Mont Units sold Cost of
Question 23 2 pts The following information is available for a company's cost of sales over the last four months. Mont Units sold Cost of sales January 400 31,000 February 37,000 March 1,600 49,000 April 2 400 61,00 Using the high-low method, the estimated variable cost of sales per unit sold is: [ Select ] Using the high-low method, the estimated total fixed cost is: [ Select Question 24 1 pts Use the following information to determine the margin of safety in dollars Unit sales 50.060 Units Dollar sales 100,000 Fixed costs 204,000 Variable costs 187 500 O $88,500. O $108,500. $173,600. O $326,400. O $500,000. Question 25 1 pts Our company manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecasts 4% growth in sales each month, the dollar amount of electric stapler sales budgeted for February should be: O $187,177 O $166,400 O $179,978 ( $173,056 O $160,000Question 26 1 pts Our company provides the following sales forecast for the next three months: July August September Sales units 5.000 5.700 5,560 The company wants to end each month with ending finished goods inventory equal to 25% of the next month's sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for August are: 0 6,950 units O 4,310 units 0 7,090 units O 5,665 units 0 4,135 units. Question 27 1 pts Our company budgets production of 300 units in June and 310 units in July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $14 per hour. The indirect labor rate is $21.00 per hour. Compute the budgeted direct labor cost for July. DOE'D$ O O $6,510. O $9,450. O $9,745. O $16,275. Question 28 1 pts Our company manufactures a single product. The production budget indicates that the number of units expected to be produced are 193,000 in October. 201,500 in November, and 198,000 in December. We assign variable overhead at a rate of $0.75 per unit of production. Fixed overhead equals $150,000 per month. Compute the total budgeted overhead that would appear on the factory overhead budget for month of October. O $343,000. O $150,000. O $144,750. O $301,125. O $294,750
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