ACC 2203 Spring 2019 -Practice Problems for Chapters 1, 2, 3, 4, and 6 1. Jonathan's Golf Club Company (JGCC) is in the process of analyzing its selling costs. For the prior 4 quarters, it had the following selling costs and golf clubs sold Selling Quarter 1 Quarter 2 Quarter 3 Quarter 4 $1,000,000 1,300,000 1,700,000 1,100,000 Golf Clubs Sold (units) 50,000 80,000 120,000 60,000 JGCC uses the high-low method to determine what its selling costs will be in the next quarter, when it anticipates selling 100,000 units. That cost will be: a. $2,000,000 b. $1,500,000 c. $1,416,000 d. $1,645.000 e. $1,588,000 2. Complex Company has the following estimated costs for next year Direct materials Direct labor Sales commissions Salary of production supervisor Indirect materials Advertising expense Rent on factory equipment $15,000 $55,000 $75,000 $35,000 $5,000 $11,000 $16,000 Complex estimates that 15,000 direct labor and 20,000 machine-hours will be worked during the year. Ifoverhead is applied on the basis of machine-hours, the predetermined overhead rate per hour will be: a. $6.30 b. $10.60 c. $7.10 d. $2.80 e. $3.73