PLEASE ANSWER ASAP. THANK YOU! 29. Use the information below for Jensen Company
ID: 2431243 • Letter: P
Question
PLEASE ANSWER ASAP. THANK YOU!
29. Use the information below for Jensen Company to answer the question that follow.
Jensen Company's period costs are
a.$250,000
b.$400,000
c.$175,000
d.$345,000
33. If fixed costs are $1,429,000, the unit selling price is $214, and the unit variable costs are $110, what are the break-even sales (units) if fixed costs are increased by $30,900?
a.11,230 units
b.16,845 units
c.14,038 units
d.21,056 units
35. At the beginning of the period, the Cutting Department budgeted direct labor of $136,000, direct materials of $162,000 and fixed factory overhead of $14,500 for 7,500 hours of production. The department actually completed 11,300 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round hourly rates to two decimal places.
Round interim calculations to two decimal places. Round your final answer to the nearest dollar.
a.$470,833
b.$319,847
c.$463,449
d.$312,500
38. If the unit selling price is $40, the volume of sales is $3,000,000, sales at the break-even point amount to $2,500,000, and the maximum possible sales are $3,300,000, the margin of safety is 11,500 units.
True
False
39. Use the information below for Finch Company to answer the question that follow.
Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:
(1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the following month.
(2) Insurance expense is $830 a month; however, the insurance is paid four times yearly, in the first month of the quarter (i.e., January, April, July, and October).
(3) Property tax is paid once a year in November.
The cash payments expected for Finch Company in the month of June are
a.$253,250
b.$49,750
c.$203,500
d.$153,750
40. Jase Manufacturing Co.'s static budget for 7,700 units of production includes $23,100 for direct labor and $3,080 for variable electric power. Total fixed costs are $44,500. At 10,900 units of production, a flexible budget would show
a.variable costs of $26,180 and $44,500 of fixed costs
b.variable costs of $37,060 and $62,994 of fixed costs
c.variable and fixed costs totaling $70,680
d.variable costs of $37,060 and $44,500 of fixed costs
42. For February, sales revenue is $580,000, sales commissions are 6% of sales, the sales manager's salary is $86,400, advertising expenses are $85,900, shipping expenses total 3% of sales, and miscellaneous selling expenses are $2,100 plus ½ of 1% of sales. Total selling expenses for the month of February are
a.$174,400
b.$209,200
c.$229,500
d.$226,600
Direct materials used $345,000 Direct labor incurred 250,000 Factory overhead incurred 400,000 Operating expenses 175,000Explanation / Answer
29)
Period cost are the non manufacturing cost.
In this question only operating expense is period cost. 175000
Option c is correct.
33)contribution =sales-variable cost=214-110=104
Revised fixed cost =1429000+30900=1459900
BEP=1459900/104=14037.50 or 14038 option c is correct.
42)
Total selling expenses
=2100+86400+85900+(3+6+.5)%of 580000=229500
Option c is correct
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