34. The labor charge per hour in time-and-material pricing includes all of the f
ID: 2443378 • Letter: 3
Question
34. The labor charge per hour in time-and-material pricing includes all of the following exceptA) an allowance for a desired profit.
B) charges for labor loading.
C) selling and administrative costs.
D) overhead costs.
35. The markup percentage denominator in the variable-cost approach is the
A) desired ROI per unit.
B) fixed costs per unit.
C) manufacturing cost per unit.
D) variable costs per unit.
36. Papillon Co. has determined the following per unit amounts:Direct materials $20 Fixed selling and administrative $40
Direct labor 24 Variable overhead 16
Desired ROI 22 Variable selling and administrative 10
Fixed overhead 30
Reference: Ref 8-16
The cost base using the absorption-cost approach is
A) $60.
B) $70.
C) $130.
D) $90.
37. The Selling Division's unit sales price is $20 and its unit variable cost is $12. Its capacity is 10,000 units. Fixed costs per unit are $5. Current outside sales are 8,000 units.
Reference: Ref 8-9
What is the Selling Division's opportunity cost per unit from selling 3,000 units to the Purchasing Division?
A) $8
B) $20
C) $3
D) $0
Explanation / Answer
34. The labor charge per hour in time-and-material pricing includes all of the following except
D) overhead costs.
35. The markup percentage denominator in the variable-cost approach is the
D) variable costs per unit.
36. Papillon Co. has determined the following per unit amounts:Direct materials $20 Fixed selling and administrative $40
Direct labor 24 Variable overhead 16
Desired ROI 22 Variable selling and administrative 10
Fixed overhead 30
D) $90. (DM $20 + DL $24 + VOH $16 + FOH $30)
37. The Selling Division's unit sales price is $20 and its unit variable cost is $12. Its capacity is 10,000 units. Fixed costs per unit are $5. Current outside sales are 8,000 units.
Reference: Ref 8-9
What is the Selling Division's opportunity cost per unit from selling 3,000 units to the Purchasing Division?
A) $8
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