Refer to the following selected financial information from Whiripool Company Compute the company's accounts receivable turnover for Year 2. 8.36 4.78 8.54 Merchand se imentory Cost of gopds sold \begin{tabular}{|c|c} Year2 & Yeer 1 \\ 771000 & 253000 \\ 464700 & 433100 \end{tabular} 1.65 1.71 1.85 0.89 Total asset turnover measures a company's ability to use its assets to generate sales and reflects on operating efficiency. True False Refer to the following se cred financial infomation tiom Winterfel Company Compute the comparty's debt to equity rat o lor year 2 The following information is avallabte for the year ended December 31. The amount of direct materials used in rroctiction for the year is $86.600 $85.400 $87,500 $86.900 Asteroid Industries accumulated the following cost information for the year Using the above information. total factory overhend cors equal $78.300 $53.000 $25.300 $12.800 $687.100 $701,900 A company makes bikes from recycled metal. For a recent job lot of 200 bikes, the company incurred direct materials costs of $6,000 and direct labor costs of $2.000. Factory overhead applied to this job is $9,000. What is the cost per bike? $75 $85 $55 $70 A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required direct labor costing $29,000? $29,000 $18.125 $36,250 $23.200 Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were direct labor, $31,000 : direct materials, $51,000, and factory overhead applied $6.100. The predetermined overhead rate was 19.68% 5.08% 11.96% 16.45% Cosi Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Cosi expects to incur $730,000 of overhead during the next period, and expects to use 43,000 labor hours at a cost of $10.00 per hour. What is Cosi Company's predetermined overhead rate? 58.9% 63% 5.89% 170% Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $404,700, materials of $403,000 and direct labor of $213,000 During the year Adams incurred $428,100 in materials costs. $424,000 in overhead costs and $217,000 in direct labor costs. Compute the amount of under. or overappled overhead for the year. $4.100 underapplied $11,700 overapplied $11,700 underapplied $19.300 overapplied Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $396,000; matenals of $410,000 and direct labor of $220,000. During the year Adams incurred $418,000 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs. Compute the predetermined overhead rate. 180.0% 184.0% 96.6% 55.6% B\&T Company's production costs for May are: direct labor, $16,000; indirect labor, $6,000 : direct materials, $14.400, property taxes on production facility. $840, factory heat, lights and power, $940; and insurance on plant and equipment, \$140. B\&T Company's factory overhead incurred for May is: $7,920 $1,920 $38,320 $20,400