QUESTION 5

1. A graphical representation of what type of cost has zero cost with zero units?

   		Mixed cost
   		Variable cost
   		Fixed cost
   		Step cost

1 points

QUESTION 6

1. A process production manufacturer has beginning inventory of 10,000 units, 30% complete and ending inventory of 8,000 units, 40% complete. There were 22,000 units started during the period. Determine the number of equivalent units of conversion in process.

   		27,200
   		20,800
   		18,200
   		25,000

1 points

QUESTION 7

1. Which of the following documents is used to accumulate all of the manufacturing costs assigned to a job:

   		Labor time report
   		Purchase order
   		Bill of materials
   		Job costing sheet

1 points

QUESTION 8

1. Custom Jeans Works is establishing its predetermined overhead rate for 2018. The measure of activity is the number of machine hours that the cutting machines operate which is estimated to be 16,250 for 2018. Based on the following, what rate should Custom Jeans Works utilize for its predetermined overhead rate in 2018?

   Estimated Annual Expenses for 2018
   Indirect materials	$ 230,450
   Indirect labor	398,000
   Factory utilities	50,000
   Sales commissions	125,000
   Factory rent	74,000
   Factory maintenance	16,000
   Total	$ 893,450

   		$39/machine hour
   		$47/machine hour
   		$63/direct labor hour
   		$63/machine hour