The following information applies to questions 9-10. Tory Company derived the following cost relatio

The following information applies to questions 9-10. Tory Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost. y = $80,000 + $12X where: y = monthly manufacturing overhead cost X = machine hours The standard error of estimate of the regression is $6,000. The standard time required to manufacture one six-unit case of ToryAc€?cs single product is four machine-hours. Tory applies manufacturing overhead to production on the basis of machine-hours, and its normal annual production is 50,000 cases.

9.

[CMA Adapted] ToryAc€?cs estimated variable manufacturing overhead cost for a month in which scheduled production is 10,000 cases would be

A) $80,000
B) $480,000
C) $160,000
D) $320,000

10.

[CMA Adapted] ToryAc€?cs predetermined fixed manufacturing overhead rate would be

A) $4.80/MH
B) $4.00/MH
C) $3.20/MH
D) $1.60/MH

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *