accounting quiz

1. award: 5 out of
5.00 points

Manufacturing overhead consists of:

indirect materials but not indirect labor.

all manufacturing costs, except direct materials and direct labor.

all manufacturing costs.

indirect labor but not indirect materials. 2. award: 6 out of
6.00 points

Salvadore Inc., a local retailer, has provided the following data for the month of September: Merchandise inventory, beginning balance
$ 87,480 Merchandise inventory, ending balance
$ 86,400 Sales
$ 540,000 Purchase of merchandise inventory
$ 270,000 Selling expense
$ 32,400 Administrative expense
$ 108,000

The cost of goods sold for September was:

$270,000

$271,080

$268,920

$410,400
Top of Form 3. award: 0 out of
6.00 points

A partial listing of costs incurred during December at Gagnier Corporation appears below: Factory supplies
$ 20,500 Administrative wages and salaries
$ 287,000 Direct materials
$ 410,000 Sales staff salaries
$ 205,000 Factory depreciation
$ 164,000 Corporate headquarters building rent
$ 82,000 Indirect labor
$ 82,000 Marketing
$ 287,000 Direct labor
$ 221,400 The total of the period costs listed above for December is:

$897,900

$861,000

$1,084,500

$266,500

Bottom of Form 4. award: 7.60 out of
10.00 points

Parker Company manufactures and sells a single product.

Required:

1.
A partially completed schedule of the company's total and per unit costs over a relevant range of 62,000 to 102,000 units produced and sold each year is given below. Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" to 2 decimal places.)

Units Produced and Sold

62,000 82,000 102,000 Total costs:

Variable costs $ 155,000
$ 205,000
$ 255,000 Fixed costs 340,000
340,000
340,000

Total costs $ 495,000
$ 545,000
$ 595,000

Cost per unit: