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Stolen Horse, Co. uses a job-order costing system that uses a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined

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Stolen Horse, Co. uses a job-order costing system that uses a single plantwide predetermined overhead rate based on machine hours. The company based its predetermined overhead rate for the current year on the following estimated data: Total estimated machine hours 11,940 Mh Total estimated MOH cost $537,300 Recently, Job KF75 was completed with the following characteristics: # of units in the job Machine hours used for job KF75 Direct materials cost for job KF75 $2,452 $4,019 Direct labor cost for job KF75 The cost per unit for Job KF75 is closest to: a $368.55 5.5431,40 C. $357.30 d. 5476.40 e $491.40 Waltzing Along Corp. is a manufacturer that makes one product. It provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $56. Budgeted unit sales for June, July, August, and September are 46,000; 43,800; 42,000; and 45,000 units, respectively. All sales are on credit. Regarding credit sales, 25% are collected in the month of the sale and 75% in the following month. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 15% of the following month's raw materials production needs. Regarding raw materials purchases, 15% are paid for in the month of purchase and 85% in the following month. The budgeted accounts receivable balance at the end of August is closest to: a $1,764,000 b-$2,427,600 C. $1,839,600 d. $1,999,200 $1,932,000

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