Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Show the full calculations MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Beechtree Corporation sells chewing gum

Show the full calculations

image text in transcribed
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Beechtree Corporation sells chewing gum and during January they ran production machines for 29,000 hours total and incurred $11,500 in maintenance costs. During July they ran production machines for 16,000 hours total and incurred $6,700 in maintenance costs. Based on this data, what is the variable maintenance cost per machine hour'? A) $0.42 per machine hour B) $2.23 per machine hour C) $0.58 per machine hour D) $0.37 per machine hour 2) Beechtree Corporation sells chewing gum and during January they ran production machines for 27,000 hours total and incurred $9,500 in maintenance costs. During July they ran production machines for 11,000 hours total and incurred $6,400 in maintenance costs. Based on this data, what are the xed costs? (Round intermediary calculations to the nearest cent. Use the "high" data month to calculate your nal answer. Use of the "low" month with result in an approximation of the cost.) A) $9,500 B) $23,120 C) $6,400 D) $4,370 3) Family Fun Time, Inc. makes board games. The following data pertains to the last six months: Manufacturing Direct Labor Hours Overhead 45.000 $295,000 68,000 $313 000 57,000 $323,000 52.000 324? 250 34.000 $178 200 30.000 $163 500 Based on this data, what would the estimated manufacturing overhead be at a level of44,000 direct labor hours? (Round intermediary calculations to the nearest cent.) A) $165,500 B) $233,960 C) $220,320 D) Cannot be determined from information given. 4) Robert was reviewing the water bill for his carwash business and determined that the highest bill, $5,200, occurred in July when 2,200 cars were washed and the lowest bill, $3,100, occurred in February when 1,500 cars were washed. What was the variable cost per canvash? A) $2.36 B) $1.41 C) $3.00 D) $2.07 5) Flavored Ice is a snow cone stand near the local park. To plan for the future, Flavored Ice wants to determine its cost behavior patterns. It has the following information available about its operating costs and the number of snow cones served. Total o-eratin - costs 6.400 $5 980 Using the high-low method, the xed costs for a month are A) $1,000. B) $14,000. C) $8,000. D) $4,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2020

Authors: Bernard J. Bieg, Judith A. Toland

30th edition

357117174, 978-0357117170

More Books

Students also viewed these Accounting questions

Question

List five types of techniques used during system development.

Answered: 1 week ago

Question

b. What was the average real return?

Answered: 1 week ago

Question

1. Why do we trust one type of information more than another?

Answered: 1 week ago