Please complete all 14 questions showing work. Please use excel


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Please complete all 14 questions showing work. Please use excel or Microsoft. I will give 5 stars and comment. Depending on grade received I will tip. Mod 1 Week 4.docx 1. Compute conversion costs given the following data: Direct Materials, $352,700; Direct Labor, $196,300; Factory Overhead, $177,600. $549,000 $726,600 $373,900 $530,300 2 points Question 2 1. Conversion costs are direct materials and direct labor direct materials and factory overhead factory overhead and direct labor direct materials and indirect labor 2 points Question 3 1. Which of the following is not a prime cost? Supervisor’s wages Direct labor wages Machine operator wages Assembly line wages 2 points Question 4 1. The Cake Factory has the following information for the month of March. Prepare a (a) schedule of cost of goods manufactured, (b) an income statement for the month ended March 31, and (c) prepare only the inventory section of the balance sheet. Purchases Materials inventory, March 1 Materials inventory, March 31 Direct labor Factory overhead Work in process, March 1 Work in process, March 31 $85,000 6,000 7,000 25,000 34,000 17,000 18,500 Finished goods inventory, March 1 Finished goods inventory, March 31 Sales Sales and administrative expenses 21,000 23,000 235,000 78,000 Press Tab to enter the content editor. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Path: p Words:0 20 points Question 5 1. The Collins Company forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $8,000,000 and the actual machine hours are 100,000 hours. If the Collins Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate? $80 per machine hour $120 per machine hour $40 per machine hour $60 per machine hour 2 points Question 6 1. When job 711 was completed, direct materials totaled $4,000; direct labor, $4,600; and factory overhead, $2,400, respectively. Units produced totaled 1,000. Unit costs are: $11,000 $1,100 $110 $11 2 points Question 7 1. The following budget data are available for Newest Company: Estimated direct labor hours Estimated direct dollars Estimated factory overhead costs 9,000 $60,000 $154,00 0 2. If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is $2.57 $.39 $6.67 $17.11 2 points Question 8 1. The Good News Company accumulated 460 hours of direct labor on Job 345 and 810 hours on Job 777. The direct labor was incurred at a rate of $15 per direct labor hour for Job 345 and $13 per direct labor for Job 777. Journalize the entry to record the flow of labor costs into production. Press Tab to enter the content editor. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Path: p Words:0 20 points Question 9 1. Given the following cost and activity observations for Wondrous Company’s utilities, use the high-low method to calculate Wondrous’ variable utilities costs per machine hour. Cost March April Machine Hours $3,100 15,000 2,700 10,000 May 2,900 12,000 June 3,500 18,000 $10.00 $.67 $.63 $.10 2 points Question 10 1. Salter Inc.’s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units? $150,000 decrease $175,000 increase $75,000 increase $150,000 increase 2 points Question 11 1. If sales are $525,000, variable costs are 64% of sales, and operating income is $50,000, what is the contribution margin ratio? 36% 26.5% 9.5% 64% 2 points Question 12 1. If fixed costs are $1,400,000, the unit selling price is $220, and the unit variable costs are $120, what is the amount of sales required to realize an operating income of $200,000? 14,000 units 12,000 units 16,000 units 13,333 units 2 points Question 13 1. Jonus Company has fixed costs of $160,000. The unit sellin

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