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Paragraph Styles 8. Jumpst Corporation uses the cost formula Y = $5,000 + $3.00X for the maintenance cost in Department B, where X is machine-hours. The August budget is based on 10,000 hours of planned machine time. Maintenance cost expected to be incurred during August is: A. $30,000 B. $50,300 C. $31,500 D. $35,000

Paragraph Styles 8. Jumpst Corporation uses the cost formula Y = $5,000 + $3.00X for the maintenance cost in Department B, where X is machine-hours. The August budget is based on 10,000 hours of planned machine time. Maintenance cost expected to be incurred during August is: A. $30,000 B. $50,300 C. $31,500 D. $35,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AaBbCcDd AaBbCcDd AABBC AaBbCcL 三、 v 1 Normal 1 No Spac... Heading 1. Heading 2 華 Paragraph Styles 8. Jumpst Corporation uses the cost formula Y = $5,000 + $3.00X for the maintenance cost in Department B, where X is machine-hours. The August budget is based on 10,000 hours of planned machine time. Maintenance cost expected to be incurred during August is: A. $30,000 B. $50,300 C. $31,500 D. $35,000 9. Muscat company, reported the following results for January: Number of units 10,000 Selling price Total Variable selling expense Total Variable administrative expense Total fixed selling expense Total fixed administrative expense Merchandise Beginning $10 $7,000 $10,000 $20,000 $8,000 $5,000 Merchandise Purchase $50,000 $10,000 Merchandise Ending Based on traditional income statement Muscat company's net profit will be? A. $10,000 B. $15,000 C. $55,000 D. $18,000 10. Which of the following statement is correct about managerial accounting? A. Its prepared on annual basis. B. Creditors are considered one of the users of managerial accounting information. C. Data of managerial accounting is departmental focused. D. Managerial accounting information needs to be accurate.
Transcribed Image Text:AaBbCcDd AaBbCcDd AABBC AaBbCcL 三、 v 1 Normal 1 No Spac... Heading 1. Heading 2 華 Paragraph Styles 8. Jumpst Corporation uses the cost formula Y = $5,000 + $3.00X for the maintenance cost in Department B, where X is machine-hours. The August budget is based on 10,000 hours of planned machine time. Maintenance cost expected to be incurred during August is: A. $30,000 B. $50,300 C. $31,500 D. $35,000 9. Muscat company, reported the following results for January: Number of units 10,000 Selling price Total Variable selling expense Total Variable administrative expense Total fixed selling expense Total fixed administrative expense Merchandise Beginning $10 $7,000 $10,000 $20,000 $8,000 $5,000 Merchandise Purchase $50,000 $10,000 Merchandise Ending Based on traditional income statement Muscat company's net profit will be? A. $10,000 B. $15,000 C. $55,000 D. $18,000 10. Which of the following statement is correct about managerial accounting? A. Its prepared on annual basis. B. Creditors are considered one of the users of managerial accounting information. C. Data of managerial accounting is departmental focused. D. Managerial accounting information needs to be accurate.
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