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ConceptsCoach, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 437
Experience:  Chartered Accountant and MBA
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# Duradyne, Inc. has total costs of \$18,000 when 2,000 units

### Resolved Question:

Duradyne, Inc. has total costs of \$18,000 when 2,000 units are produced and \$26,000 when 5,200 units are produced. During March, 4,000 units were produced and sold for \$8 each. What is the variable cost per unit? (Points: 4) \$2.50 \$0.40 \$2.00 \$4.00

Ranger Glass Company manufactures glass for French doors. At the start of May, 2,000 units were in-process. During May, 11,000 units were completed and 3,000 units were in process at the end of May. These in-process units were 90% complete with respect to material and 50% complete with respect to conversion costs. Other information is as follows: Work in process, May 1: Direct material\$36,000 Conversion costs\$45,000Costs incurred during May: Direct material\$186,000 Conversion costs\$255,000 Calculate the cost per equivalent unit for conversion costs. (Points: 4) \$24.00 \$4.09 \$21.43 \$20.40

During 2011, Madison Company applied overhead using a job-order costing system at a rate of \$12 per direct labor hours. Estimated direct labor hours for the year were 150,000, and estimated overhead for the year was \$1,800,000. Actual direct labor hours for 2011 were 140,000 and actual overhead was \$1,670,000. What is the amount of under or over applied overhead for the year? (Points: 4) \$10,000 underapplied \$10,000 overapplied \$130,000 underapplied \$130,000 overapplied

Which of the following will have no effect on the break-even point in units? (Points: 4) The selling price increases The variable cost per unit increases The sales volume increases Total fixed costs increase

Which of the following items appears on a variable costing income statement but not on a full costing income statement? (Points: 4) Sales Gross margin Net income Contribution margin
Submitted: 5 years ago.
Category: Finance
Expert:  ConceptsCoach replied 5 years ago.

\$2.50

HInt: \$26000 - \$18000 / 5200-2000 = \$2.50

\$24.00

HInt: (\$45000 + \$255000) / 11000 units + 1500 units(only 50% complete) = \$24

\$10,000 over applied

The sales volume increases

Contribution margin

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ConceptsCoach, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 437
Experience: Chartered Accountant and MBA

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