Midterm acct 346 costs incurred during may direct

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MIDTERM ACCT 346 Costs incurred during May: Direct material $186,000 Conversion costs $255,000 How much is the cost per equivalent unit for direct materials? Student Answer: $24.00 $16.20 $15.86 $13.58 Instructor Explanation: Chapter 3, Page 89 ($36,000 + $186,000) / [11,000 + (3,000 x 90%)] = $16.20
Points Received: 0 of 4 Comments: 13. Question : (TCO 4) Total costs were $75,800 when 30,000 units were produced and $95,800 when 40,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units. 1883380907 MultipleChoice 34 False 0 1883380907 MultipleChoice 34
MIDTERM ACCT 346 $76,000 $79,800 $91,800 Instructor Explanation: Chapter 4, Page 127 Estimated variable cost = ($95,800 - $75,800) / (40,000 - 30,000) = $2 per unit Estimated fixed cost = $75,800 - ($2 x 30,000) = $15,800 Estimated total cost = $15,800 + ($2 x 32,000) = $79,800 Points Received: 4 of 4 Comments:

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