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1.Mickey & Co. expects overhead costs of $36,000 per month and direct production

1.Mickey & Co. expects overhead costs of $36,000 per month and direct production

1.Mickey & Co. expects overhead costs of $36,000 per month and direct production costs of $20 per unit. The estimated production activity for the 2013 accounting period is as follows: 1st Quarter2nd Quarter3rd Quarter4th Quarter Units produced12,3009,8008,65017,250 The predetermined overhead rate based on units produced is (rounded to the nearest penny) is:$9.00 per unit.$0.73 per unit.$29.00 per unit.$1.33 per unit.2.Centennial Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alternative are listed below:Tour ATour B Projected revenue$9,000 $10,000 Variable costs2,000 5,000 Fixed costs2,000 2,000 Profit$ 5,000 $ 3,000 What are the incremental (differential) costs of Tour B?$1,000$2,000$3,000None of these.3.Lucinda purchased a raffle ticket for $11. Just before the grand prize drawing two people tried to buy her ticket. The first person offered $40, and another offered $75. What is Lucinda’s opportunity cost of keeping the raffle ticket?$22 $75 $86 $511.Mickey & Co. expects overhead costs of $36,000 per month and direct production costs of $20 per unit. The estimated production activity for the 2013 accounting period is as follows: The predetermined overhead rate based on units produced is (rounded to the nearest penny) is:2.Centennial Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alternative are listed below:What are the incremental (differential) costs of Tour B?None of these.3.Lucinda purchased a raffle ticket for $11. Just before the grand prize drawing two people tried to buy her ticket. The first person offered $40, and another offered $75. What is Lucinda’s opportunity cost of keeping the raffle ticket?$22 $75 $86 $51

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