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Which of the following statements is true regarding the formula Y = a + bx? Multiple Choice Y= The estimated total fixed manufacturing overhead cost. Y=The estimated total amount of the allocation base. Y=The estimated total manufacturing overhead cost. Y=The actual total amount of the allocation base. 48,000 $30,000 12,000 Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $ 12,800 Direct materials Direct labor cost Actual direct labor hours worked What is the total job cost for Job Z? Multiple Choice $20,250 $19,250 $18,250 $17,250 Job Y $13,000 Job Z $ 8,000 $ 21,000 $ 7,500 1,400 500 Assume a company had no jobs in progress at the beginning of July and no beginning inventories. It started and completed only two jobs during July-Job Y and Job Z. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information from the month of July is available for the company as a whole and for Jobs Y and Z: Estimated total fixed manufacturing overhead Estimated variable manufacturing overhead per direct labor-hour Estimated total direct labor hours to be worked Total actual manufacturing overhead costs incurred $13,000 $ 1.00 2,000 $ 12,800 Direct materials Direct labor cost Actual direct labor hours worked Job Y $13,000 $ 21,000 1,400 Job Z $ 8,000 $ 7,500 500 Assuming Job Z contains 200 units, what is Job Z's unit product cost? Multiple Choice $96.25 $86.25 $106.25 $98.25 Estimated variable Multiple Choice

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