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12. hours. At this level of activity, the company budgeted the following overhead costs: A company's planned activity level for next year is expected to be 100 machine ,000 manufacturing Variab Fixed Indirect materials$90,000 Indirect labor Factory supplies Depreciation $37,500 7,500 30,000 120,000 Taxes 15,000 Supervision t exible budget prepared at the 90,000 machine hours level of activity wo total manufacturing overhead costs of a. $202,500 would show b. $270,000 c. $225,000 d $277,500 13. ich cost is charged to the product under variable costing? Fixed manufacturing overhead Variable administrative expenses Fixed administrative expenses b. c. d. 14. Sprinkle Co. sells its product for $60 per unit. During 2012, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses. Cost of goods sold under absorption costing is a. $1,350,000 b. $1,620,000 c. $1,950,000 d. $1,560,000 15. Which department is usually responsible for a labor price variance attributable to misallocation of workers? a. Quality Control b. Purchasing c. Engineering d Production The direct materials price standard should include an amount for all of the following except 16. a. Receiving costs b. Storing costs c. Handling costs d. Normal spoilage costs

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