6 multiple choice thank you

7 Budgeted (estimated) production Budgeted sales Production capacity Selling price Variable manufacturing cost Estimated total manufacturing overhead cost (all fixed) Selling and administrative expenses (all fixed) Beginning inventories B0,000 units 80,000 units 100.000 units $ 25 per unit $ 12 per unit $700,000 $250,000 $ 0 01550 Using a predetermined overhead rate based on capacity with units produced as the allocation base, the company's budgeted income statement would report a gross margin that is closest to Multiple Choice $1300,000 $400.000 $340,000 8 At the beginning of the year, a company estimated that 20,000 direct lobor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period The company's direct labor wage rate is $18 per hout Assume that Job X used $200 in direct materials and 16 direct labor hours. What is the total job cost for Job X? 2 Multiple Choice $488 $624 5632 $564 The journal entry to record the cost of goods manufactured during the period includes: 9 Multiple Choice 01:57:25 eBook a debit to Finished Goods. a credit to Manufacturing Overhead. a debit to Work in Process. a debit to Cost of Goods Sold. Which of the following statements is false? 10 Multiple Choice 2 X 01:57:17 eBook Raw materials inventory is included in the balance sheet. Raw materials inventory excludes Indirect materials, Raw materials include direct materials. Raw materials inventory excludes selling expenses, 11 If the finished goods inventory balance increased by $6,800 during the period and the cost of goods manufactured is $170,000, then what is the unadjusted cost of goods sold? 3045708 Multiple Choice Book $176,800 $166,600 $163.200 $173.400 0 12 Sales Overapplied overhead Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory Selling and administrative expenses $240,000 $ 8,000 $180,000 $ 10,000 $ 14,000 $ 35,000 8 0156.53 What is the net operating income? eBook Multiple Choice $37,000 $25,000 $18,000 $32,000