Multiple Cholce $22.25 $9.58

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Chapter 7 R E V I E W Write the letter of the best answer to each question. Find the original price for a kitchen table and chairs selling for $799.99 at 40% off. Round to the nearest dollar. A $800.00 B $1,120.00 C $1,333.00 D $2,000.00

Reamer Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for next year: Direct materials Direct labor Sales commissions Salary of production supervisor Indirect materials Advertising expense Rent on factory equipment $ 1,000 $ 3,000 $ 4,000 $ 2,000 $ 400 $ 800 $ 1,000 Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be:

Question 14 of 15. Net Sales = $145,347 Employee Meals $1,923 Discounts $221 Coupons/Promotions-$988 What is the Gross Sales? O$138.588 O$140,156 O$145.224 O$148 479 Mark for follow up

EC 3 Question 3 Hometown Bakery sells three types of doughnuts: glazed, jelly, and cake. The following table shows the sales price and variable costs for each type. The bakery incurs $331,000 a year in fixed expenses. Assume that it sells 3 glazed doughnuts for every 1 jelly doughnut and every 1 cake doughnut. DOUGHNUT TYPE   SALES PRICE   VARIABLE COST   Glazed   $0.40   $0.29   Jelly   $0.52   $0.49   Cake   $0.47   $0.29   (a) How many doughnuts of each type will be sold at the breakeven point? (Round intermediate calculations and final answers for the number of doughnuts to the nearest whole, e.g. 5,275.) Jelly doughnuts     Cake doughnuts     Glazed doughnuts                                                         b. What amount of revenue would need to be generated by each type of doughnut for the company to earn $74,100 in operating income?

Glew Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Cost per Unit $ 6.00 $ 3.35 $ 1.75 $ 1.00 $ 0.40 Cost per Period $ 8,800 Variable administrative expense Fixed selling and administrative expense $ 4,000 If 3,000 units are produced, the total amount of indirect manufacturing cost incurred is closest to:

Multiple Choice $26.75 $12.80 $30.05 $24.50

Question 10 of 13 > Using a markup of 35% of cost, a store priced a book at $8.91. (a) What was the cost of the book? (b) What is the markup as a percent of selling price? (a) The cost of the book was S (Round to the nearest cent as needed. (b) The markup as a percent of selling price is % (Round to two decimal places as needed) LF & TH pc

MANUFACTORING Investigate % A packaging employee making $18 per hour can package 90 items during that hour. The direct material cost is $1.20 per item. What is the total direct cost of 1 item? A. $1.20 C. $1.40 o' F5 ^ F6 & F7 S F8 B. $0.20 a D. $1.00 DELL F9 I= ACC prtsc F10 home F11 end F12