Jackson, Incorporated produces two products (Product 5 and Product Z) using two activities: Machining, which uses machine hours as the cost driver, and Inspection, which uses the number of batches as the cost driver. The cost of Machining is $180,000, while the cost of Inspection is $35,100. Product 5 uses 31% of total machine hours and 60% of total batches. What is the total Machining cost assigned to Product 5? $10,881 $24,219 $55,800 $124,200 7.) Georgia Incorporated, uses the high-low method of estimating costs. Georgia had total costs of $22,800 at its lowest level of activity, when 5,800 units were sold. When, at its highest level of activity, sales equaled 20,800 units, total costs were $82,800. Georgia would estimate variable cost per unit as: $3.93. $3.98. $4.00. $3.97. 17.) Munoz , Incorporated, has a contribution margin ratio of 22% and fixed costs of $67,320. What sales revenue is needed to generate a $45,320 profit? Multiple Choice $34,000 $150,000 $512,000 $144,410 18.) Rollag Corporation has a selling price of $20 and variable costs of $10.40 per unit. When 14,000 units are sold, profits equal $20,640. What is the margin of safety? Multiple Choice $280,000 $43,000 $118,500 $97,000
Jackson, Incorporated produces two products (Product 5 and Product Z) using two activities: Machining, which uses machine hours as the cost driver, and Inspection, which uses the number of batches as the cost driver. The cost of Machining is $180,000, while the cost of Inspection is $35,100. Product 5 uses 31% of total machine hours and 60% of total batches. What is the total Machining cost assigned to Product 5? $10,881 $24,219 $55,800 $124,200 7.) Georgia Incorporated, uses the high-low method of estimating costs. Georgia had total costs of $22,800 at its lowest level of activity, when 5,800 units were sold. When, at its highest level of activity, sales equaled 20,800 units, total costs were $82,800. Georgia would estimate variable cost per unit as: $3.93. $3.98. $4.00. $3.97. 17.) Munoz , Incorporated, has a contribution margin ratio of 22% and fixed costs of $67,320. What sales revenue is needed to generate a $45,320 profit? Multiple Choice $34,000 $150,000 $512,000 $144,410 18.) Rollag Corporation has a selling price of $20 and variable costs of $10.40 per unit. When 14,000 units are sold, profits equal $20,640. What is the margin of safety? Multiple Choice $280,000 $43,000 $118,500 $97,000
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