The accounting records of Kim Company revealed the following costs, among others:

Sales Commissions	$45,000
Plant Supervisor Salary	85,000
Depreciation on Factory Building	30,000
Wages paid to assembly line workers	130,000
Depreciation on Salespersons' car	33,000
Plant insurance costs	21,000

Costs that would be considered in the calculation of manufacturing overhead total:

Highlight the answer

$344,000

None of the answers is correct

$266,000

$115,000

$181,000

$136,000

3.Flores Company applies overhead based on labor hours. At the beginning of 2020, the company estimated that manufacturing overhead would be $830,000, and labor hours would total 40,000. By 2020 year-end, actual overhead totaled $775,000, and actual labor hours were 38,000. On the basis of this information, the manufacturing overhead a

pplied was:

$788,500

None of the answers is correct

$815,790

$830,000

$775,000

4. A review of Smith Corporation's accounting records found that at a volume of 120,000 units, the variable and fixed cost per unit amounted to $9 and $5, respectively. On the basis of this information, what amount of total cost would Parson anticipate at a volume of 130,000 units?

None of the answers is correct.

$1,770,000.

$1,950,000.

$1,170,000.

$1,730,000.

5. The variable cost ratio is 55% of the selling price for the Taylor Company and the break-even point in sales is $270,000. Additionally, selling price per unit is $25. If the company's target net operating income is $103,500, sales in units would have to be:

Group of answer choices

9,200 units

18,328 units

None of the answers is correct

20,000 units

33,200 units

7,528 units

6. Suzuki Company sells a single product for $75. Variable costs are 70% of the selling price, and the company has fixed costs that amount to $412,200. In order to produce a target profit of $132,300, Suzuki's dollar sales must total

Group of answer choices

$10,372

$1,374,000

None of the answers is correct

$24,200

$777,900

$1,815,000

7.Tran Inc. began operations in October of this year. It makes all sales on account, subject to the following collection pattern: 55% are collected in the month of sale; 35% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $210,000, $240,000, and $280,000, respectively, what was the budgeted receivables balance on December 31?

Group of answer choices

$259,000

$122,000

$150,000

None of the answers is correct

$171,000

$126,000

8.Precious Inc. had a favorable direct-labor rate variance of $6,500 for the period just ended. The actual wage rate paid was $13.70 per hour and the standard rate was $15 per hour. If the company's standard hours allowed for actual production are 4,800 hours, the direct-labor efficiency variance would be:

Group of answer choices

$2,740U

$3,000F

None of the answers is correct

**$2,740F

$3,000U

Answer: After consulting, the answer is 3000U - Ask E

. Rickett Corporation had an unfavorable direct-labor efficiency variance of $6,480 for the period just ended. The actual wage rate paid was $15.00 per hour and the standard rate was $13.50 per hour. If the company's standard hours allowed for actual production are 9,200 hours, how many hours did the firm actually work

9.Liu Corporation recently prepared a manufacturing cost budget for an output of 70,000 units, as follows:

9. Total variable costs $168,000

Total fixed costs 140,000

Actual units produced amounted to 65,000. If Liu evaluated performance by the use of a flexible budget, the total budgeted cost according to the flexible budget would be:

$296,000.

$286,000.

$156,000.

None of the answers is correct.

$146,000.

10. ABC, Inc. reported a return on investment of 15%, a capital turnover of 2.5, and income of $180,000. On the basis of this information, the company's sales revenue was:

None of the answers is correct.

$72,000.

$450,000.

$3,000,000.

$1,200,000.

11.The Boot Department at the Omaha Department Store is being considered for closure. The following information relates to boot activity:

Sales Revenue	$450,000
Variable costs:
Cost of Goods Sold	300,000
Sales Commissions	90,000
Fixed Operating Costs	70,000

If 60% of the fixed operating costs are avoidable, should the Boot Department be closed?

Group of answer choices

No, Omaha would be worse off by $18,000.

No, Omaha would be worse off by $60,000.

None of the answers is correct.

Yes, Omaha would be better off by $32,000.

Yes, Omaha would be better off by $10,000.

Yes, Omaha would be better off by $60,000.