Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour3.00 38,900 $154,500 Recently, Job T687 was completed with the following characteristics: Number of units in the job1e Total machine-hours Direct materials Direct labor cost 30 $ 74e $1,480 The amount of overhead applied to Job T687 is closest to: Multiple Choice $338.40 $154.50 $240.00 Paolucci Corporation's relevant range of activity is 6,600 units to 14,000 units. When it produces and sells 10,300 units, its average costs per unit are as follows: Average Cost per Unit $6.88 $3.78 $1.70 $3.10 $1.00 $0.70 $0.95 $0.60 Direct materials Direct labor Variable manufacturing overhead Fixed Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense manufacturing overhead If 9,300 units are sold, the variable cost per unit sold is closest to: Multiple Choice $13.75 $18.55 $12.20 Activate Window Longobardi Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the labor-hours for the upcoming year at 38,100 labor-hours. The estimated variable manufacturing overhead was S5.55 per labor-hour and the estimated total fixed manufacturing overhead was $872,109. The actual labor-hours for the year turned out to be 34,500 labor-hours. The predetermined overhead rate for the recently completed year was closest to: Multiple Choice S22.89 per labor-hour S31.41 per labor-hour $5.55 per labor-hour S28.44 per labor-hour TB MC Qu. 1.126 A manufacturing company prepays A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $4,410 and is paid at the beginning of the first year. Seventy percent of the premium applies to manufacturing operations and thirty percent applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first year of coverage? Period $0 $1,323 $882 $441 Product $4,419 $3,087 $2,058 $1,029 B) C) D) Multiple Choice Choice Choice B Choice D Choice A