If total variable costs are $120 for 100 units then what is the total variable cost at 50 units? Which of the following statements is false? Select one: the relevance and importance of managerial accounting information has greatly increased in the past four decades competitive boundaries have increased due to globalization there are now more allegations of management misconduct in many businesses, governments and not-for-profit organizations none of these A normal costing system Select one: O uses actual direct materials costs to determine the cost of a product O all of these O uses actual direct labour costs to determine the cost of a product O uses estimated manufacturing overhead costs to determine the cost of a product ABC uses a predetermined overhead rate of $15.00 per machine hour to apply overhead based on estimated manufacturing overhead of $310,000. At the end of the period actual machine hours were 20,000 and actual overhead was $300,000 The entry to close adjust for the over or under applied overhead would be: Select one: debit manufacturing overhead for $10,000 and credit cost of goods sold for $10,000 not enough information is given no adjustment is needed O debit cost of goods sold for $10,000 and credit manufacturing overhead for $10,000 A debit to the manufacturing overhead accounts represents Select one: O actual manufacturing overhead O applied manufacturing overhead Goods transferred to finished goods payment of manufacturing overhead