O B. Varable Cost C Oporatng Income O D Operating Loss C QUESTIONS 4 points Whic

Question

O B. Varable Cost C Oporatng Income O D Operating Loss C QUESTIONS 4 points Which of the following is not classitled as a fxed product cont? O A Machine depreciañion OB Factory rent 0 C Pobeson manager's salary l entry is recoed Answer Comp D.All are considered fowed product costs ournal entry yahoo.comque PowerComp al dieect labor is QUESTION points Save Aaswe 20,000 drect lbor hours and 54 000 overhead s ,000 As the beginning of the year,managers at King Industies estmated $400,000 acturing oveshead machine hours Actual manufacturing costs iat the end of the year were S425.000 n manufacturing ovehead During Phe year hours and 47,000 machine hours wore incuned. If overhead is appled based on direct laber hours, how much overtead was appied aring Chapter 3-S OB 5440,000 C $467 500 mal entry to close 3 A proper ourn d be..Labor provided the follo QUESTION 7 Overhead Cost financial tax.com>2 Al the breakeven poin, which of the following a ot te? OA Sales revenue is equal to tsotal cests O B Contribution margin is equal to total variable cots to recoed ble. (To apply va relerence s cited in D Opera ncome equal, zero ing II Chapter 3 ESTION counts payable Cak rmal entry to record sh costs tota·140000, how many ants mat sho sed to reach tw O D. 2,500 units der Costing Syste ountingdetalis comvjob O D 7 500 units ELL

Explanation / Answer

6) Predetermined overhead rate = $400000 / 20000 DLHs = $20 dlh

Overhead applied during the year = Actual DLHs 22000 * Rate $20 = $440000

7) Not true is B. Contribution margin is equal to Total Variable costs

=> because contribution margin is equal to total variable costs plus total fixed costs

8) No. of units to be sold = (Fixed Cost + Operating Income) / Contribution per unit = (40000 + 20000)/ 20-8 = 5000 units.

So, the answer is (c) 5000 units

11) Manufacturing overhead incurred during the year = $62500 + 218750 + 50000 + 43750 + 150000 = $525000

   so, the answer is (b) $525000

13) Please provide the complete data, there is something missed by you to put. required is not possible with the provided data.

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