( TCO 1) Shula’ s 347 Grill has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: 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