10/6/25, 3:25 PM Midterm Exam: Attempt review | Home
FACULTY SUPPORT v STUDENT SUPPORT v MY BOOKS MY GRADES MY COURSES v
Dashboard / My courses / ACCT526-850-20262(
/ Exam 1 / Midterm Exam
Started on Tuesday, September 23, 2025, _
State Finished
Completed on
Time taken
Points
Grade
Question 1
Incorrect
0.00 points out of 1.00
Bailey Company incurred the following costs in manufacturing desk calculators:
Direct materials 18
Indirect materials (variable) 3
Direct labor 9
Indirect labor (variable) 7
Other variable factory overhead 13
Fixed factory overhead 34
Variable sclling expenses 2
Fixed selling expenses 12
During the period, the company produced and sold 2,000 units
What is the inventory cost per unit using variable costing?
Oa. 72
Ob. $52%
Oc. $50
(d. s66
Direct materials + Indirect materials (variable) + Direct labor + Indirect labor (variable) + Other variable factory
overhead
$18+$3+$9+
$7+ $13 =$50
The correct answer is: $50
N s
,10/6/25, 3:25 PM Midterm Exam: Attempt review | Home
Question 2 A Backto Top
Correct
1.00 points out of 1,00
Denver Company constructed the following formula for its monthly utlity cost:
Total utility cost =$2,750 + ($4.25 x Labor hours)
Assume that 900 labor hours are budgeted for the month of October.
Calculate the estimated total utility cost for the month of October.
a. $5.600
Ob. $3.825
c. $1075
)d. $6575v
Total Cost = Fixed Cost + (Variable Cost per Unit x # Units)
Variable Cost = Variable Cost per Unit x # Units
Variable Cost = $4.25 x 900 = $3,825
Total Cost = $2,750 + $3,825 = $6,575
The correct answer is: $6.575
Question 3
Correct
1.00 points out of 1,00
Afactory produces 130,000 televisions per quarter.A total of 8,000 production hours are used by the factory per quarter. Compute the velocity.
a. 06 hours
per unit
“)b. 18.45 hours
per unit
. 14.44
units per hour
)d. 16.25 units
per hour v
Velocity = Units Produced + Time = 130,000 televisions + 8,000 hours = 16.25 units per hour
The correct answer is:
16.25 units per hour
https://moodle louisiana edu/mod/quiz/review php?attempt=2043676&cmid=2473615 2124
, 10/6725, 3:25 PM Midterm Exam: Attempt review | Home
Question 4 -~
Incorrect
0.00 points out of 1.00
Prime costs are comprised of:
(a. direct materials, direct labor, and manufacturing overhead. %
()b, direct materials and direct labor.
()c. direct materials and manufacturing
overhead.
-f)d_ direct labor and manufacturing overhead.
Rationale:
Prime costs are comprised of direct materials and direct labor.
The correct answer is:
direct materials and direct labor.
Question 5
Correct
1.00 points out of 1.00
Fixed cost per unit is $14 when 14.000 units are produced and $4 when 49,000 units are produced. What is the total fixed cost when nothing is
produced?
A
(Da. $196000 v
Ob. s14
$0
$120,000
Total fixed cost = Unit fixed cost x Number of units produced = $14 x 14,000 units or $4 x 49,000 units =
$196,000
The correct answer is: $196.000
https://moodle louisiana edu/mod/quiz/review php?attempt=2043676&cmid=2473615 3124
FACULTY SUPPORT v STUDENT SUPPORT v MY BOOKS MY GRADES MY COURSES v
Dashboard / My courses / ACCT526-850-20262(
/ Exam 1 / Midterm Exam
Started on Tuesday, September 23, 2025, _
State Finished
Completed on
Time taken
Points
Grade
Question 1
Incorrect
0.00 points out of 1.00
Bailey Company incurred the following costs in manufacturing desk calculators:
Direct materials 18
Indirect materials (variable) 3
Direct labor 9
Indirect labor (variable) 7
Other variable factory overhead 13
Fixed factory overhead 34
Variable sclling expenses 2
Fixed selling expenses 12
During the period, the company produced and sold 2,000 units
What is the inventory cost per unit using variable costing?
Oa. 72
Ob. $52%
Oc. $50
(d. s66
Direct materials + Indirect materials (variable) + Direct labor + Indirect labor (variable) + Other variable factory
overhead
$18+$3+$9+
$7+ $13 =$50
The correct answer is: $50
N s
,10/6/25, 3:25 PM Midterm Exam: Attempt review | Home
Question 2 A Backto Top
Correct
1.00 points out of 1,00
Denver Company constructed the following formula for its monthly utlity cost:
Total utility cost =$2,750 + ($4.25 x Labor hours)
Assume that 900 labor hours are budgeted for the month of October.
Calculate the estimated total utility cost for the month of October.
a. $5.600
Ob. $3.825
c. $1075
)d. $6575v
Total Cost = Fixed Cost + (Variable Cost per Unit x # Units)
Variable Cost = Variable Cost per Unit x # Units
Variable Cost = $4.25 x 900 = $3,825
Total Cost = $2,750 + $3,825 = $6,575
The correct answer is: $6.575
Question 3
Correct
1.00 points out of 1,00
Afactory produces 130,000 televisions per quarter.A total of 8,000 production hours are used by the factory per quarter. Compute the velocity.
a. 06 hours
per unit
“)b. 18.45 hours
per unit
. 14.44
units per hour
)d. 16.25 units
per hour v
Velocity = Units Produced + Time = 130,000 televisions + 8,000 hours = 16.25 units per hour
The correct answer is:
16.25 units per hour
https://moodle louisiana edu/mod/quiz/review php?attempt=2043676&cmid=2473615 2124
, 10/6725, 3:25 PM Midterm Exam: Attempt review | Home
Question 4 -~
Incorrect
0.00 points out of 1.00
Prime costs are comprised of:
(a. direct materials, direct labor, and manufacturing overhead. %
()b, direct materials and direct labor.
()c. direct materials and manufacturing
overhead.
-f)d_ direct labor and manufacturing overhead.
Rationale:
Prime costs are comprised of direct materials and direct labor.
The correct answer is:
direct materials and direct labor.
Question 5
Correct
1.00 points out of 1.00
Fixed cost per unit is $14 when 14.000 units are produced and $4 when 49,000 units are produced. What is the total fixed cost when nothing is
produced?
A
(Da. $196000 v
Ob. s14
$0
$120,000
Total fixed cost = Unit fixed cost x Number of units produced = $14 x 14,000 units or $4 x 49,000 units =
$196,000
The correct answer is: $196.000
https://moodle louisiana edu/mod/quiz/review php?attempt=2043676&cmid=2473615 3124
