Use the following information to answer questions 1-3.

Christine Corporation manufactures baseball uniforms and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company’s manufacturing overhead data:

Budgeted Output Units 10,000 units
Budgeted Machine-Hours 15,000 hours
Budgeted Variable Manufacturing
Overhead Costs for 15,000 hours 180,000
Actual Output Unites Produced 9,000 units
Actual Machine-Hours Used 14,000 hours
171,000

1. What is the budgeted variable overhead cost rate per output unit?

A. $12.00
B. $12.21
C. $18.00
D. $19.00
2. What is the variable overhead spending variance? (using data from question 1)
A. $3,000 U
B. $6,000 U
C. $12,000 F
D. $81,000 U

3. If the company uses standard costing, what amounts of variable manufacturing overhead was allocated to the work-in-process for the period?
A. $180,000
B. $171,000
C. $168,000
D. $162,00

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is