The use of activity-based costing is most appropriate for: Multiple Choice 02:27:30 Firms that manufacture multiple product lines. Firms that have very low manufacturing overhead costs relative to other costs of production. Firms with high levels of production activity. Firms that manufacture a small number of product lines. Firms that are labor intensive. LeMinton Company expects the following credit sales for the first five months of the year: January, $44,000; February, $59,000; March, $49,000; April, $55,000, May $59,000. Experience has shown that payment for the credit sales is received as follows: 60% in the month of sale, 25% in the first month after sale, 10% in the second month after sale, and the remainder is uncollectible. How much cash can LeMinton Company expect to collect in March as a result of credit sales (current and past)? 02:27:20 Multiple Choice $43,350. $41,900. $49,000. $29,400. Multiple Choice 134,800. 02:27:05 145,200. 133,000. 133,200. 113,050 Which of the following is not a potential benefit of having a sound budgeting process? 31 Multiple Choice 02:23:06 Improved coordination of business activities. Improved motivation for company employees Lower acceptance rate for capital budgeting projects. Improved performance-evaluation process. Improved decision-making Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C $100,000+$12M where: 02:22:32 Cmonthly manufacturing overhead cost, and M machine hours The standard error of estimate of the regression is $16,000. The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours. Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 70,000 cases. Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 7,000 cases would be Multiple Choice $184,000. 02:22:24 Some amount other than these answer choices $268,000 $100,000 $168,000. Based on analyzing the relationship of total factory overhead (Y) to direct labor hours (X).The following relationship was found Y = $1,000 + $2x The $2 in the equation is an estimate of: 02:22:16 Multiple Choice Total overhead costs. Variable overhead costs per direct labor hour Total fixed costs Fixed overhead costs per direct labor hour. The use of activity-based costing is most appropriate for: Multiple Choice 02:27:30 Firms that manufacture multiple product lines. Firms that have very low manufacturing overhead costs relative to other costs of production. Firms with high levels of production activity. Firms that manufacture a small number of product lines. Firms that are labor intensive. LeMinton Company expects the following credit sales for the first five months of the year: January, $44,000; February, $59,000; March, $49,000; April, $55,000, May $59,000. Experience has shown that payment for the credit sales is received as follows: 60% in the month of sale, 25% in the first month after sale, 10% in the second month after sale, and the remainder is uncollectible. How much cash can LeMinton Company expect to collect in March as a result of credit sales (current and past)? 02:27:20 Multiple Choice $43,350. $41,900. $49,000. $29,400. Multiple Choice 134,800. 02:27:05 145,200. 133,000. 133,200. 113,050 Which of the following is not a potential benefit of having a sound budgeting process? 31 Multiple Choice 02:23:06 Improved coordination of business activities. Improved motivation for company employees Lower acceptance rate for capital budgeting projects. Improved performance-evaluation process. Improved decision-making Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C $100,000+$12M where: 02:22:32 Cmonthly manufacturing overhead cost, and M machine hours The standard error of estimate of the regression is $16,000. The standard time required to manufacture one six-unit case of Bradford's single product is two machine hours. Bradford applies manufacturing overhead to production on the basis of machine hours, and its normal annual production is 70,000 cases. Bradford's estimated variable manufacturing overhead cost for a month in which scheduled production is 7,000 cases would be Multiple Choice $184,000. 02:22:24 Some amount other than these answer choices $268,000 $100,000 $168,000. Based on analyzing the relationship of total factory overhead (Y) to direct labor hours (X).The following relationship was found Y = $1,000 + $2x The $2 in the equation is an estimate of: 02:22:16 Multiple Choice Total overhead costs. Variable overhead costs per direct labor hour Total fixed costs Fixed overhead costs per direct labor hour