QUESTION 9 Answer questions 10 & 11 using the information below: Yara manufactures state-of-the-art chairs. Manufacturing costs are expected to be 120 per chair, consisting of 70% variable costs and 30% fixed costs. The company has surplus capacity available. Yara's policy is to add a 60% profit margin to full costs. Yara is invited to bid on a one-time-only special order to supply 200 chairs. What is the lowest price Yara should bid on this order (1 mark)? a. 38,400 b. 16,800 c. 24.000 d. 14,400 2 points QUESTION 10 A manufacturing company provided the following information for May 2020 Sales 24,00 Variable costs 8.000 Fixed costs 5.000 Operating income 11.000 of sales double in June 2020, what is the projected operating income (1 mark) 235.000 b. 27.000 12.000 22.000 1 points QUESTION 11 Production reports for the third quarter show the following data: Month Machine hours Actual Direct labour hours Direct materials cost (E) Overhead Floor surface (square meters) 150 170 July August September 10,000 15,000 13,400 44,000 37,800 59,500 25,000 21,750 32,000 31,200 47,000 40,100 210 which variable would be the most likely basis for allocating overhead (1 mark)? Machine hours b. Direct materials cost Labour hours d. Floor surface QUESTION 15 During the accounting period, 20,000 units were completed and transferred to finished goods. The beginning goods in process were 4,000, which were 60% complete as labour and overhead. 1,000 units remain in process and are 80% completed. The number of units started during the accounting period was (1 mark): 17,000 units b. 18,500 units C. 21,000 units d. 20,000 units