Question
1.) ABC Company manufactures picture frames. During the year the company had the following costs: direct materials used $40,000, Direct labor $25,000, factory rent $12,000,
1.) ABC Company manufactures picture frames. During the year the company had the following costs: direct materials used $40,000, Direct labor $25,000, factory rent $12,000, factory utilities $3000, factory equipment depreciation $6,000, office equipment depreciation $4,000, selling expense $5,000, and administrative expenses $40,000. ABC Company had no beginning inventory balances and completed 45,000 frames. What is their cost for one frame?
| A. | $1.77 |
| B. | $1.91 |
| C. | $3.00 |
| D. | $2.00
|
If direct materials used is $10,000, overhead applied is $21,000, beginning WIP is $5,000 and ending WIP is $3,000, direct labor is $7,000, beginning and ending FG inventory is $15,000 and $12,000 respectively, what is the cost of goods sold?
| A. | $40,000 |
| B. | none of these |
| C. | $43,000 |
| D. | $41,000 |
| E. | $38,000
|
If the direct materials used is $10,000, overhead applied is $21,000, beginning WIP is $5000 and ending WIP is $3,000, direct labor is $7,000, beginning and ending FG inventory is $15,000 and $12,000 respectively, what is the cost of goods manufactured?
| A. | $38,000 |
| B. | $43,000 |
| C. | $41,000 |
| D. | $40,000 |
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Process Audits And 6 Sigma Excellence To Mitigate Risk And Improve Business Performance
Authors: Mr Indulis Laimonis Svikis
1st Edition
B09M5FPYR4, 979-8769768996
