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Budgeted Indirect Cost Quiz

In CVP analysis, when the number of units changes, which one of the following will remain the same?

ABC has the following information for the current year: Budgeted indirect costs are $4,000, the budgeted allocation base is 2,000 hours. Actual indirect costs incurred were $4,200 and the actual allocation base used was 2,050. What is the budgeted indirect-cost rate?

Firm A has the following information with regard to the production and sales of product XIT: selling price per unit is $15, total variable cost per unit is $9, total fixed costs are $15,000. What is the contribution margin percentage for XIT?

Firm A has the following information with regard to the production and sales of product XIT. Selling price per unit is $15, variable cost per unit is $9, total fixed costs are $30,000. What is the breakeven revenue for XIT?

Bruce Inc. has the following information about Rut, the only product is sells. The selling price for each unit is $20, the variable cost per unit is $8, and the total fixed cost for the firm is $60,000. The firm's current tax rate is 25%. If Bruce wants to earn $60,000 in profits after taxes, how many units must it sell?

Bruce Inc. has the following information about Rut, the only product is sells. The selling price for each unit is $20, the variable cost per unit is $8, and the total fixed cost for the firm is $60,000. Bruce has budgeted sales of $130,000 for the next period. What is the margin of safety in dollars for Bruce?

As fixed costs for a firm rise, all other things held constant, the breakeven point will

ABC has the following information for the current year. Budgeted indirect costs are $4,000, the budgeted allocation base is 2,000 hours. Actual indirect costs incurred were $4,200 and the actual allocation base used was 2,050. If ABC is using the actual costing system, what is the rate per hour that they will use? (round to the nearest penny)

ABC has the following information for the current year. Budgeted indirect costs are $6,000, the budgeted allocation base is 3,000 hours. Actual indirect costs incurred were $6,304 and the actual allocation base used was 3,075. If ABC is using the actual costing system, how much indirect cost will be allocated to a job that used 40 hours?

ABC has the following information for the current year. Budgeted indirect costs are $4,000, the budgeted allocation base is 2,000 hours. Actual indirect costs incurred were $4,200 and the actual allocation base used was 2,050. If ABC is using the normal costing system, how much will be allocated in a job that used 75 hours?

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