Use the following information below for questions 18) and 19) At an activity lev

Question

Use the following information below for questions 18) and 19) At an activity level of 9,000 machine-hours in a month, Moffatt Corporatio S390,240 and its total fixed maintenance cost is $368,280. n's total variable maintenance cost is 18) What would be the total variable maintenance cost at an activity level of 9,300 mach ine-hours in a month? Assume that this level of activity is within the relevant range A) $390,240 B) $403,248 C) $380,556 D) $758,520 19) At an activity level of 9,300 machine-hours in a month, what would be the total mixed cost? Assume that this level of activity is within the relevant range. A) $743,648 B) S658,520 C) $403,24:8 D) $771,528 20) Job 593 was recently completed. The following data have been recorded on its job cost sheet: $3,190 Direct labor-hours Direct labor wage rate Machine-hours 71 labor-hours $15 per labor-hour 175 machine-hours The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $14 per machine-hour. The total cost that would be recorded on for Job 593 would be: A) $3,219 B) $4,255 C S6,705 5,249 21) Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to: A) S12.10 B) S10.37 C) $11.10 D) S11.30

Explanation / Answer

18) Total variable maintenance cost = 390240/9000*9300 = $403248

So answer is b) $403248

19) Total mixed maintenance cost = Variable +Fixed

= 403248+368280

Total mixed maintenance cost = 771528

So answer is d) $771528

20) Total cost = Direct material+Direct labour+Applied overhead

= 3190+(71*15)+(175*14)

Total cost = 6705

So answer is c) $6705

21) Predetermine overhead rate = (121000/10000) = 12.10

So answer is a) $12.10

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