111.What is the activity rate for material handling?
a.$1.50 per part
b.$3.75 per part
c.$7.50 per part
d.$2.50 per part
112.What is the activity rate for general overhead?
a.$4.00 per direct labor hour
b.$60.00 per direct labor hour
c.$6.67 per direct labor hour
d.$10.00 per direct labor hour
113.What is the total overhead allocated to Product A using activity-based costing?
a. $194,500
b. $162,500
c. $32,000
d. $224,000
114.What is the overhead allocated to Product B using activity-based costing?
a. $135,000
b. $175,000
c. $292,500
d. $285,500
Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production andsale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of$700,000.
Fixed factory overhead cost
|
$38,700
|
Fixed selling and administrative costs
|
7,500
|
Variable direct materials cost per unit
|
4.60
|
Variable direct labor cost per unit
|
1.88
|
Variable factory overhead cost per unit
|
1.13
|
Variable selling and administrative cost per unit
|
4.50
|
115.The dollar amount of desired profit from the production and sale of the company's product is
a. $175,000
b. $67,200
c. $73,500
d. $96,000
116.The cost per unit for the production and sale of the company's product is
a. $12.11
b. $12.88
c. $15.00
d. $13.50
117.The unit selling price for the company's product is
a. $15.00
b. $13.82
c. $15.80
d. $14.76
118.The markup percentage on total cost for the company's product isa. 21.0%
b. 22.7%
c. 15.8%
d. 24.0%
119.Contractors who sell to government agencies would be most likely to use which of the following cost concepts inpricing their products?
a.variable cost concept
b.product cost concept
c.total cost concept
d.fixed cost concept
Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the productionand sale of 35,000 units of its sole product. Dotterel desires a profit equal to an 11.2% rate of return on investedassets of $350,000.
Fixed factory overhead cost
|
$105,000
|
Fixed selling and administrative costs
|
35,000
|
Variable direct materials cost per unit
|
4.34
|
Variable direct labor cost per unit
|
5.18
|
Variable factory overhead cost per unit
|
0.98
|
Variable selling and administrative cost per unit
|
0.70
|
120.The variable cost per unit for the production and sale of the company's product is
a. $14.00
b. $12.60
c. $9.80
d. $11.20