1. Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories. (7pts.)

Cost of fiberglass (raw material)	$119,000
Factory rent	$67,200
Advertising	$175,000
Utilities for factory	$25,200
Wages of assembly workers	$126,000
Production supervisor salary	$63,000
Sales manager salary	$58,800
Factory property taxes	$16,800
Depreciation on production equipment	$35,000
Cost of bindings (raw material)	$35,000
Screws	$1,680
Wages of snowboard painters	$105,000
Wages for maintenance workers	$53,200

Compute the following:

a. Direct material costs

b. Direct labor cost

c. Manufacturing overhead

d. Total manufacturing cost

e. Prime cost

f. Conversion cost

g. Total period cost

2. Kilt Company had the following information for the year:

Direct materials used	$110,000
Direct labor incurred (5,000 hours)	$150,000
Actual manufacturing overhead incurred	$166,000

Kilt Company used a predetermined overhead rate of $42 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year? (1pt)

A. $231,000

B. $150,000

C. $166,000

D. $210,000

[QUESTION]

3. Sawyer Company had the following information for the year:

Direct materials used	$190,000
Direct labor incurred (7,000 hours)	$245,000
Actual manufacturing overhead incurred	$273,000

Sawyer Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,000. How much overhead was applied during the year? (1pt.)

A. $245,000

B. $273,000

C. $280,000

D. $320,000

4. Which of the following represents the cost of the jobs sold during the period? (1pt.)

A. Raw Materials Inventory

B. Work in Process Inventory

C. Finished Goods Inventory

D. Cost of Goods Sold