The rate established prior to the beginning of a period that relates estimated overhead to an allocation factor such as estimated direct labor and that is used to assign overhead cost to jobs is the Predetermined overhead allocation rate. Overhead variance rate. Estimated labor cost rate. Chargeable overhead rate. Miscellaneous overhead rate. A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 pretax income, how many units must be sold? 6, 500 6,000 500 5,000 5, 500 A product sells for $30 per unit and has variable costs of $18 per unit. The fixed costs are $720,000. If the variable costs per unit were to decrease to $15 per unit and fixed costs increase to $900,000, and the selling price does not change, break-even point in units would: Increase by 20,000 Equal 6,000 Increase by 6,000 Decrease by 20,000 Not change A department store has budgeted sales of 12,000 men's suits in September. Management wants to have 6,000 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,000 suits. What is the dollar amount of purchase of suits? Each suit has a cost of $75. $750,000 $900,000 $1, 050,000 $1, 200,000 $1, 350,000 A company manufactures and sells a product for $150 per unit. The company's fixed costs are $68, 200, and its variable costs are $95 per unit. The company's break-even point in dollars is: $107, 700 $125,000 $136, 450 $186,000 $170, 550 The process of planning future business actions and expressing them as a formal plan is called: Budgeting Cost accounting Managerial accounting Variance analysis Standard cost analysis