Question: MULTIPLE CHOICE. PLEASE ANSWER ALL ASAP. THANK YOU 11. Compute conversion costs given the following data: direct materials, $380,800; direct labor, $194,600; factory overhead, $216,400

MULTIPLE CHOICE. PLEASE ANSWER ALL ASAP. THANK YOU

11. Compute conversion costs given the following data: direct materials, $380,800; direct labor, $194,600; factory overhead, $216,400 and selling expenses, $47,000.

a.$597,200

b.$791,800

c.$169,400

d.$411,000

12. The manufacturing cost of Calico Industries for three months of the year are provided below.

Total Cost

Production (units)

April $120,200 283,700
May 90,700 160,100
June 106,600 244,800

Using the high-low method, the variable cost per unit and the total fixed costs are

a.$4.32 per unit and $5,211

b.$2.40 per unit and $5,211

c.$0.43 per unit and $26,056

d.$0.24 per unit and $52,112

15. Use the information below for Nuthatch Corporation to answer the question that follow.

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of businessSeptember, October, and Novemberare $231,000, $300,000, and $408,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.

The cash collections expected in October from accounts receivable are estimated to be

a.$168,000

b.$135,660

c.$240,408

d.$200,340

18. A firm operated at 80% of capacity for the past year, during which fixed costs were $190,000, variable costs were 61% of sales, and sales were $1,035,000. Operating profit was

a.$213,650

b.$403,650

c.$631,350

d.$170,920

22. Motorcycle Manufacturers, Inc. projected sales of 60,000 machines for the year. The estimated January 1 inventory is 6,440 units, and the desired December 31 inventory is 7,060 units. What is the budgeted production (in units) for the year?

a.60,000

b.59,380

c.46,500

d.60,620

23. Use the information below for Darwin Company to answer the question that follow.

Sales $76,500
Direct materials used 7,300
Depreciation on factory equipment 4,700
Indirect labor 5,900
Direct labor 10,500
Factory rent 4,200
Factory utilities 1,200
Sales salaries expense 15,600
Office salaries expense 8,900
Indirect materials 1,200

Darwin Company's product costs are

a.$24,500

b.$29,200

c.$30,300

d.$35,000

24. Given the following data:

Beginning raw materials inventory $30,000
Materials purchased 65,000
Ending raw materials inventory 40,000

What is the amount of raw materials used?

a.$75,000

b.$55,000

c.$5,000

d.$30,000

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