Final Examination (ACCT211H)

School: Post University - Course: ACCT 211H - Subject: Accounting

Final Examination(ACCT211H) 1.Paolucci Corporation's relevant range of activity is 4,800 units to 11,000 units. When it produces and sells 7,900 units, its average costs per unit are as follows: Average Cost per Unit Direct materials$ 6.50 Direct labor$ 3.40 Variable manufacturing overhead$ 1.40 Fixed manufacturing overhead$ 3.60 Fixed selling expense$ 1.35 Fixed administrative expense$ 0.90 Sales commissions$ 1.30 Variable administrative expense$ 0.80 If 6,900 units are sold, the variable cost per unit sold is closest to: 13.40 2.Kesterson Corporation has provided the following information: Cost per UnitCost per Period Direct materials$ 6.65 Direct labor$ 4.00 Variable manufacturing overhead$ 1.60 Fixed manufacturing overhead$ 20,900 Sales commissions$ 2.00 Variable administrative expense$ 0.70 Fixed selling and administrative expense$ 5,700 If 10,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to $37,700

3.Pedregon Corporation has provided the following information: Cost per UnitCost per Period Direct materials$ 7.25 Direct labor$ 4.10 Variable manufacturing overhead$ 1.50 Fixed manufacturing overhead$ 20,900 Sales commissions$ 0.70 Variable administrative expense$ 0.80 Fixed selling and administrative expense$ 3,900 If the selling price is $21.90 per unit, the contribution margin per unit sold is closest to: $7.55 4.Harootunian Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours80,000 Total fixed manufacturing overhead cost$ 312,000 Variable manufacturing overhead per machine-hour$ 2.10 Recently, Job T629 was completed with the following characteristics: Number of units in the job50 Total machine-hours200 The predetermined overhead rate is closest to: $6.00 per machine-hour