A company uses a job-order costing system with a single plan…

A company uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Estimated total machine-hours 31,800 Estimated total fixed manufacturing overhead cost $ 159,000 Variable manufacturing overhead per machine-hour $ 2 Recently, Job X7 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 660 Direct labor cost $ 1,320 The amount of overhead applied to Job X7 is closest to:Note: Round your intermediate calculations to 2 decimal places.

 Supply costs at a chain of gyms are listed below: Clien…

 Supply costs at a chain of gyms are listed below: Client-Visits Supply Cost March 11,657 $ 28,402 April 11,453 $ 28,324 May 11,985 $ 28,526 June 13,000 $ 28,912 July 11,717 $ 28,424 August 11,203 $ 28,229 September 11,997 $ 28,531 October 11,688 $ 28,413 November 11,836 $ 28,470 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost. Compute the variable component first. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are closest to:Note: Round your intermediate calculations to 2 decimal places.

At an activity level of 8,400 units in a month, a company’s…

At an activity level of 8,400 units in a month, a company’s total variable maintenance and repair cost is $697,284 and its total fixed maintenance and repair cost is $464,100. This level of activity is within the relevant range which is 7,000 units to 10,000 units.  What would be the total maintenance and repair cost, both fixed and variable, at an activity level of 8,500 units in a month? (Round intermediate calculations to 2 decimal places.)

A company uses a predetermined overhead rate to apply manufa…

A company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Department A and on machine-hours in Department B. At the beginning of the year, the Corporation made the following estimates: Department A Department B Direct labor cost $ 90,000 $ 45,000 Manufacturing overhead $ 75,000 $ 60,000 Direct labor-hours 5,000 10,000 Machine-hours 3,000 12,000 What predetermined overhead rates would be used in Department A and Department B, respectively?

A company has two production departments, Casting and Custom…

A company has two production departments, Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department’s predetermined overhead rate is based on machine-hours and the Customizing Department’s predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:   Casting Customizing Machine-hours 24,000 22,000 Direct labor-hours 11,000 5,000 Total fixed manufacturing overhead cost $ 136,800 $ 20,000 Variable manufacturing overhead per machine-hour $ 1.40   Variable manufacturing overhead per direct labor-hour   $ 4.30 The estimated total manufacturing overhead for the Customizing Department is closest to:

A company’s relevant range of activity is 5,000 units to 9.5…

A company’s relevant range of activity is 5,000 units to 9.500 units. When it produces and sells 7,000 units, its average costs per unit are as follows:   Average Cost per Unit Direct materials $6.60 Direct labor $3.35 Variable manufacturing overhead $1.70 Fixed manufacturing overhead $3.80 Fixed selling expense $0.80 Fixed administrative expense $0.50 Sales commissions $0.60 Variable administrative expense $0.65 If 5,000 units are produced, the total amount of manufacturing overhead cost is closest to: