QUESTION 1 Frozen Britain, Corp. is a manufacturer and uses a job order costing system....
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QUESTION 1 Frozen Britain, Corp. is a manufacturer and uses a job order costing system. It uses a single, plantwide predetermined overhead rate, and applies overhead at a rate of 120% of direct materials dollars. During the current period, job s7 was started and completed. It was found that Job S7 used $6,900 of direct materials and $2,400 of direct labor during the period. What is the total cost that should be assigned to this job for the period? a. $8,280 $12,180 OC. $11,160 O d. $9,300 e. $17,580 QUESTION 2 A cost that remains unchanged in total despite variations in volume of activity within a relevant range is a: a. Fixed cost. b. Step-wise variable cost. Curvilinear cost. d. Standard cost. e variable cost. QUESTION 3 Last period, Crash, Corp. sold 12,000 bicycles at a price of $260 each. Fixed costs for the period were $580,000 and net income (assume $0 taxes) was $470,000. What was the amount of variable costs that the firm would have reported in its contribution margin income statement last period? O a. $2,650,000 b. $1,050,000 C. $1,490,000 O d. $2,070,000 Oe. $3,120,000
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