. Kneeland Corporation has provided the following information: Cost per Unit Cos
ID: 2546639 • Letter: #
Question
. Kneeland Corporation has provided the following information:
Cost per Unit
Cost per Period
Direct materials.......................................
$6.80
Direct labor.............................................
$4.15
Variable manufacturing overhead..............
$1.65
Fixed manufacturing overhead.................
$121,500
Sales commissions.................................
$1.00
Variable administrative expense...............
$0.50
Fixed selling and administrative expense.
$40,500
If 10,000 units are produced, the total amount of manufacturing overhead cost is closest to:
A) $186,000
B) $138,000
C) $162,000
D) $150,000
Goodman Corporation has sales of 3,000 units at $80 per unit. Variable costs are 35% of the sales price. If total fixed costs are $66,000, the degree of operating leverage is:
A) 0.79
B) 0.93
C) 2.67
D) 1.73
Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year:
Direct materials...................................
$6,000
Direct labor.........................................
$20,000
Rent on factory building......................
$15,000
Sales salaries.....................................
$25,000
Depreciation on factory equipment......
$8,000
Indirect labor.......................................
$12,000
Production supervisor's salary.............
$15,000
Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate per hour will be:
A) $2.50 per direct labor-hour
B) $2.79 per direct labor-hour
C) $3.00 per direct labor-hour
D) $4.00 per direct labor-hour
Beat Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours...........................................................
40,000
Total fixed manufacturing overhead cost.............................
$344,000
Variable manufacturing overhead per machine-hour..............
$3.90
Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to:
A) $750
B) $516
C) $984
D) $234
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $15 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. The total cost for the job on its job cost sheet would be:
A) $4,332
B) $3,734
C) $3,072
D) $5,086
Odonnel Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $36,000, variable manufacturing overhead of $2.80 per direct labor-hour, and 10,000 direct labor-hours.
. The estimated total manufacturing overhead is closest to:
A) $64,000
B) $36,000
C) $28,000
D) $36,003
Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 61,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 18,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs.
What were the equivalent units for conversion costs in the Assembly Department for the month?
A) 45,000
B) 77,000
C) 54,400
D) 55,800
Cost per Unit
Cost per Period
Direct materials.......................................
$6.80
Direct labor.............................................
$4.15
Variable manufacturing overhead..............
$1.65
Fixed manufacturing overhead.................
$121,500
Sales commissions.................................
$1.00
Variable administrative expense...............
$0.50
Fixed selling and administrative expense.
$40,500
Explanation / Answer
As per chegg guidelines we answer one question per post. But I have answered multiple questions. Kindly post remaining questions in next post Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Q1 B) $138,000 Variable Manufacturing Overhead = 10,000 *1.65 16,500.00 Fixed Manufacturing Overhead 121,500.00 total amount of manufacturing overhead 138,000.00 Q2 D) 1.73 Sales 240,000.00 Less Variable Expenses (84,000.00) Contribution Margin 156,000.00 Fixed cost (66,000.00) Net operating income 90,000.00 Degree of operating leverage = 156000/90000 1.73
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