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reported income could be explained by the units produced in 2005 being
43 . At the end of Killo Co .' s first year of operations , 1,000 units of inventory remained on hand . Variable and fixed manufacturing costs per unit were $ 90 and $ 20 , respectively . If Killo uses absorption costing rather than direct ( variable ) costing , the result would be a higher pretax income of
44 . Lynn Manufacturing Co . prepares income statements using both standard absorption and standard variable costing methods . For 2005 , unit standard costs were unchanged from 2004 . In 2005 , the only beginning and ending inventories were finished goods of 5,000 units . How would Lynn ' s ratios using absorption costing compare with those using variable costing ?
45 . A direct labor overtime premium should be charged to a specific job when the overtime is caused by the
46 . In a job cost system , manufacturing overhead is
47 . Birk Co . uses a job order cost system . The following debits ( credits ) appeared in Birk ' s work in process account for the month of April 2005 : Birk applies overhead to production at a predetermined rate of 80 % of the direct labor cost . Job No . 5 , the only job still in process on April 30 , 2005 , was charged with direct labor of $ 2,000 . What was the amount of direct materials charged to Job No . 5 ?
47 .
48 . A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed cost . At the end of the year , under applied overhead might be explained by which of the following situations ?
49 . A standard cost system may be used in