Answer the multiple choice questions with calculation. Dont just give A,B,C,D. Give full working on how to get the answers of 15 Multiple choice questions. Thank you so much. All the information has been provided so dont comment incomplete.

AFZOI REVISION PACKAGE 52, 2020 SECTION A MULTIPLE CHOICE T. Barrister and Company began July with a finished goods inventory of $10 000. The cost of goods manufactured during the month was $85 000 and the ending nished goods inventory was $20 000. The cost of goods sold during July was: A. $ 55 000 B. $ 75 000 c. $ 95 000 D. $105000 2. Barrett Industries began the month of June with a finished goods inventory of $15 000. The nished goods inventory at the end of June was $10 000 and the cost of goods sold during the month was $20 000. The cost of goods manufactured during the month of June was: A. $15 000 B. $25 000 c. $20 000 D. $5 000 3. The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during the month of January: Timber $ 25 000 Point $ 5 000 Glue $ 500 [assuming insignificant] Wagesassembly personnel $ 20 000 Wagesfactory supervisor $ 3 500 Factory cleaner's wages $ 2 000 Sales commissions $ 10 000 Administrative staff salaries $ 4 000 Depreciationfactory equipment is 3 000 Depreciationsoles office equipment 3 i 000 Utilities, insurancefactory $ 6 000 Utilities, insurancesales office $ 2 000 Advertising $ 8 000 Total costs $ 90 000 The manufacturing overhead is: A. $14 500 13. $15000 c. $9 500. D. $9 000 4. Yang Manufacturing makes a product called Yin. The relevant range of operations is between 2,500 units and 10,000 units of Yin per month. Per unit costs at two activity levels are as follows: 5,000 units at $17.00 per unit: 7,500 units at $13.00 per unit. Determine their total cost if Yang produces 10,000 units. A. $130,000 B. $125,000 C. $110,000 D. $100,000 Use the following information to answer queslions 5 and 6 The results of the regression analysis to estimate setup costs using the number of setup hours are as follows: SUMMARY OUTPUT Regression Statistics R Square 0.931469 Standard Error 285.6803 Observations 9 ANOVA git; 58 MS F Significance F Regression 1 7765004 7765004 95.14395 2.52E05 Degrees of Freedom 7 5712925 81613.21 Total 8 8336296 Coefficients $51,er t Stat FValue Lower Upper 95% 95% Constant 2498.644 680.6304 3.671073 0.007953 889.2099 4108.078 X Coefcient 2.506915 0.257009 9.754176 2.52E05 1.899185 3.1 14646 5. What is the cost function to estimate setup costs? A. Setup costs = $2,498.64 B. Setup costs : $2.51x C. Setup costs = $2,498.64 + $0.93x D. Setup costs = $2,498.64 + $2.5M 6. It the estimated number of setups is 10,100, what is the estimated total setup cost [rounded to 2 decimal places)? A. $ 2,498.64 B. $25,531.00 C. $27,849.64 D. $11,689.64 7. Jane Maxwell is a financial planner at Trifle Consulting. Her estimated salary cost per billable hour is $100. The estimated overhead cost per professional Wdollar for Trifle Consulting is 20 per cent and the required profit margin is 40 per cent of cost. What is Jane's W rate per billable hour? A. $100 B. $120 C. $140 D. $168 8. If the engineer worked for 20 hours on a job. Z. the overhead rates were l25 per cent of direct Wood and the direct Wrote was $25 per hour, what is the total cost of the job? A. $500 B. s 625 c. $1000 D. $1 125 Use the following information to answer questions 9 and 10. A firm incurs manufacturing costs MW\" 000 in process 1 to produce the following three beverages emerging from that process at the splitoff point. Apple juice: sold immediately it emerges from Process 1 without further processing for $0.70 litre. Apple cider: processed further in Process 2 with an additional cost of $066667 litre, then sold for $1.50 litre. Apple pulp: processed further in Process 3 with an additional cost of $l .50 litre, then sold for $3.50 litre. The following data relates to the period in which the joint costs were incurred. Beverage m Lille}, sold produced Apple juice 150.000 I30.000 Apple cider 90.000 60,000 Apple pulp M M 300 000 240 000 9. What is the amount ofjoint cost that would be allocated to apple juice if the physical measures method had been used? A. $120 000 B. $80 000 c. $84 000 D. $130 000 10. What is the amount of joint cost that would be allocated to apple juice if the net anlue method had been used? I 20 000 80 000 A. $ 0. s c. :1; 84000 D. $ 91000 ]1_ The Lots More Store has a Janitorial Department and a Personnel Department that provide services to three Sales Departments. The Janitorial Department cost is allocated based on space and the Personnel Department cost is allocated because of employees. The following information is available. Personnel Janitorial Sales #1 Sales #2 Sales #3 Dept Dept Budget $45 000 $30 000 Space (sq m) 4000 1000 20 000 30 000 50 000 No. of Employees 5 10 15 45 30 Using the stepdown method. calculate the amount of Personnel Department cost allocated to Sales Department #2. it the Personnel Department is allocated first. A. $l9 286 8. $ 22 500 C. $ 12 857 D. $20 250 Use the following information to answer questions 12-15 Support Departments I Producing Departments Personnel I Maintenance I Fabrication I Assembly Bu dgeted $l 60.000 $288,000 $5 60.000 $640,000 overhead Direct labor 8.000 hours Machine hours Number of 16 em-lo ees 40.000 lOO The company does not divide costs into fixed and variable components. Personnel costs are allocated based on the number of employees. and maintenance costs are allocated based on machine hours. Predetermined overhead rates for fabrication and assembly are based on direct labor hours. [Round to the nearest dollar). 12. The amount of maintenance costs allocated to the Assembly Department using the direct method would be A. $1 15.200 B. $192,000 C. $57,600 D. $152,640 13. If the direct method is used to allocate support department costs. the predetermined overhead rate for the Fabrication Department would be [round to two decimal places) A. $28.80 per DLH B. $5.40 per DLH C. $7.28 per DLH D. $24.78 per DLH 14. If the reciprocal method is used. the simultaneous equations to allocate the support department costs would be A. P=$160.000 + 0.1304M: M: $288,000 + 0.1 l l l P 8. P=$l60,000 + 0.] I22M,' M : $288,000 + 0.1020P C.P=$160,000 + OJ 1 1M: M2$288.000 + 0.]304M D.P=$160.000 + 0.1020M: M=$288.000 + 0.1122P 15. It the reciprocal method is used, the IOTAL amount of maintenance costs to be allocated would be (Hint: Use your answer in Q14 and in your calculation roundctf appropriate figures to 4 decimal places. The final answer however has to be rounded-off to the nearest whole number) A. $288,000 B. $305,778 C. $310,259 D. $448,000