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In the answer area, start by entering a, b etc. on five lines to properly label your 5 answers.  Then put your math calculations such as  ( 5 + 6 +9 +10 ) *1000 units = your answer.  You can use Ctrl+B to bold your final answer for each line.  You must show your work for the short answer questions to receive any credit.  Also without showing your work, one little math error will mean that all the following answers are wrong.  With work, you can earn full credit even with a math error.   SHOW YOUR WORK. LLX Corporation has provided the following information:   Cost per Unit Cost per Period Direct materials $ 5.00   Direct labor $ 3.60   Variable manufacturing overhead $ 1.20   Fixed manufacturing overhead   $ 29,250 Sales commissions $ 0.40   Variable administrative expense $ 0.30   Fixed selling and administrative expense   $9,750 Required: Answer the next 5 questions below after labeling 5 lines a. through e. a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,000 units? c. If the selling price is $26.00 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.) d. If 5,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. If 5,001 units are produced, what is the incremental manufacturing cost the company will incur increasing production one more unit?

Which of the following statements are true? The costs attached to products that have not been sold are included in ending inventory on the balance sheet. In absorption costing, nonmanufacturing costs are assigned to units of product. Most countries require some form of absorption costing for external reports.

A job cost sheet is used to record (pick the most complete answer from the list below):

Data concerning LLX Corporation single product appear below: Selling price per unit $290.00 Variable production cost per unit $75.00 Fixed production costs $121,130 Sales commission per unit $3.30 Fixed selling expenses $40,200 The break-even in dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.)

LLX Corporation 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 26,000 24,000 Direct labor-hours 15,000 10,000 Total fixed manufacturing overhead cost $ 140,400 $ 41,000 Variable manufacturing overhead per machine-hour $ 1.80   Variable manufacturing overhead per direct labor-hour   $ 4.60 The estimated total manufacturing overhead for the Customizing Department is closest to:

LLX Corporation produces and sells a single product. Data concerning that product appear below:   Per Unit Selling price $130 Variable expenses $78 Contribution margin $52 The company is currently selling 6,000 units per month. Fixed expenses are $263,000 per month. The marketing manager believes that a $5,000 increase in the monthly advertising budget would result in a 140 unit increase in monthly sales. What should be the overall effect on the company’s monthly net operating income of this change?

Data concerning LLX Corporation’s single product appear below: Selling price per unit $210.00 Variable expense per unit $96.50 Fixed expense per month $444,990 The unit sales to attain the company’s monthly target profit of $29,000 is closest to: (Do not round intermediate calculations.)

Manufacturing overhead costs are indirect product costs.

Which of the following is the correct formula to compute the predetermined overhead rate?

If a job is not completed at year end, then no manufacturing overhead cost would be applied to that job when a predetermined overhead rate is used.