materials , $ 4,080 ; hourly labor ( variable ), $ 5,200 ; rent ( fixed ), $ 1,700 ; depreciation , $ 800 ; and other fixed costs , $ 600 . Each steak dinner sells for $ 14.00 each . How much is the budgeted variable cost per unit ? 5 . Question : ( TCO 1 ) Which of the following is an example of a manufacturing overhead cost ? 6 . Question : ( TCO 1 ) Which of the following is a period cost ? 7 . Question : ( TCO 1 ) If the balance in the Finished Goods Inventory account increased by $ 30,000 during the period and the cost of goods manufactured was $ 220,000 , how much is cost of goods sold ? 8 . Question : ( TCO 2 ) BCS Company applies manufacturing overhead based on direct labor cost . Information concerning manufacturing overhead and labor for August follows : Estimated Actual 9 . Question : ( TCO 2 ) During 2011 , Madison Company applied overhead using a job-order costing system at a rate of $ 12 per direct labor hours . Estimated direct labor hours for the year were 150,000 , and estimated overhead for the year was $ 1,800,000 . Actual direct labor hours for 2011 were 140,000 and actual overhead was $ 1,670,000 . What is the amount of under or over applied overhead for the year ? 10 . Question : ( TCO 3 ) Companies in which of the following industries would not be likely to use process costing ? 11 . Question : ( TCO 3 ) The Blending Department began the period with 45,000 units . During the period the department received another 30,000 units from the prior department and completed 60,000 units during the period . The remaining units were 75 % complete . How much are equivalent units in The Blending Department ’ s work in process inventory at the end of the period ? 12 . Question :