hello, I have a practice quiz mutli choice that I need help with, but I will need it in an hour and a half. I will include a tip for getting it done in that time frame. thank you

1.Compute conversion costs given the following data: Direct Materials, $347,500; Direct Labor, $196,300; Factory Overhead, $187,900; and Selling Expenses, $45,290 $543,8 00 $187,9 00 $731,7 00 $384,2 00 Top of Form Compute conversion costs given the following data: Direct Materials, $347,500; Direct Labor, $196,300; Factory Overhead, $187,900; and Selling Expenses, $45,290 $543,800 $187,900 $731,700 $384,200 Question 3 Which of the following is an example of direct materials cost for an automobile manufacturer? cost of oil lubricants for factory machinery cost of wages of assembly worker cost of interior upholstery salary of production supervisor Question 4 A plant manager s salary is an indirect cost a direct cost a direct cost and an indirect cost a period cost Question 5 What term refers to the cost of changing direct materials into a finished manufactured product? factory overhead cost period cost conversion cost direct labor cost Question 6 Which of the following is not a prime cost? plant janitor's wages direct labor wages machine operator wages assembly line wages Question 7 An example of a period cost is advertising expense indirect materials depreciation on factory equipment property taxes on plant facilities Question 8 Direct labor and direct materials are product costs and expensed when incurred product costs and expensed when the goods are sold period costs and expensed when incurred period costs and expensed when the goods are sold Question 9 Which of the following are the two main types of cost accounting systems for manufacturing operations? process cost and general accounting systems process cost and replacement cost systems job order and general accounting systems job order cost and process cost systems Question 10 Given the following data: Cost of materials used $45,000 Direct labor costs 48,000 Factory overhead 39,000 Work in process, beg. 28,000 Work in process, end. 18,000 Finished goods, beg. 28,000 Finished goods, end. 18,000 What is cost of goods sold? $152,000 $142,000 $10,000 $128,000 Question 11 The Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to date, the actual overhead is $16,000,000 and the actual machine hours are 330,000 hours. The predetermined overhead rate based on machine hours is $48 per machine hour $62 per machine hour $45 per machine hour $50 per machine hour Question 12 The amount of time spent by an employee on an individual job are recorded on pay stubs in-and-out cards time tickets employees' earnings records Question 13 At the end of the year, overhead applied was $42,000,000. Actual overhead was $40,300,000. Closing over/under applied overhead into Cost of Goods Sold would cause net income to increase by $1,700,000 decrease by $1,700,000 increase by $3,400,000 decrease by $3,400,000 Question 14 The entry to record the flow of direct labor costs into production in a job order cost accounting system is debit Factory Overhead, credit Work in Process debit Finished Goods, credit Wages Payable debit Work in Process, credit Wages Payable debit Factory Overhead, credit Wages Payable Question 15 When Job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. A total of 1,000 units were produced at a per-unit cost of $12,400 $1,240 $124 $12.40 Question 16 Materials purchased on account during the month totaled $190,000. Materials requisitioned and placed in production totaled $165,000. The journal entry to record the material purchase on account is Materials 165,000 Accounts Payable Materials 165,000 190,000 Accounts Payable Materials 190,000 190,000 Cash Accounts Payable 190,000 190,000 Materials 190,000 Question 17 The journal entry to record the transfer of 1,600 units of part number 1177 with a value of $2.50 each, to work in process is Materials Work in Process Work in Process 4,000 4,000 4,000 Factory Overhead Work in Process Materials 4,000 4,000 4,000 Work in Proces Cash 4,000 4,000 Question 18 The three most common cost behavior classifications are variable costs, product costs, and sunk costs fixed costs, variable costs, and mixed costs variable costs, period costs, and differential costs variable costs, sunk costs, and opportunity costs Question 19 Costs that remain constant in total dollar amount as the level of activity changes are called fixed costs mixed costs product costs variable costs Question 20 Strait Co. manufactures office furniture. During the most productive month of the year, 3,000 desks were manufactured at a total cost of $59,000. In the month of lowest production the company made 1,125 desks at a cost of $38,000. Using the high-low method of cost estimation, total fixed costs are $21,000 $25,400 $42,000 $13,000 Question 21 If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio? 45% 55% 62% 32% Question 22 A firm operated at 90% of capacity for the past year, during which fixed costs were $420,000, variable costs were 40% of sales, and sales were $1,000,000. Operating profit was $1,080,000 $420,000 $180,000 $980,000 Question 23 If fixed costs are $250,000, the unit selling price is $125, and the unit variable costs are $73, what is the break-even sales (units)? 3,425 units 2,381 units 2,000 units 4,808 units 4 points Question 24 Johnson's Plumbing's fixed costs are $700,000 and the unit contribution margin is $17. What amount of units must be sold in order to realize an operating income of $100,000? 5,000 41,176 47,059 58,882 Question 25 If Kaden Company's fixed costs are $46,800, the unit selling price is $42, and the unit variable costs are $24. What is the break-even sale (units)? 2,400 1,950 1,114 2,600