1. Stitchlt Inc. u ses job order costing for its brand new line of sewing machines. The cost ncurred for production during 201 3 totaled $18.000 of materials, $9,000 of direct labor costs, and $6.000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $15,000, and the ending balance is $9,000. During the year, the company completed 20 machines. How much is the cost per machine A) $1,350 B) $1,950 C) $1.650 D) $2.400 2. Coleman Conmpany manufactures customized desks. The following pertains to Job No. 978: $11,450 360 $15.00 300 $22.00 Direct materials used Direct labor hours worked Direct labor rate per hour Machine hours used Applied factory overhead rate per machine hour What is the total manufacturing cost for Job No. 978? A) $23,450 B) $21,650 C) $26,750 D) $24,950 3. If annual overhead costs are expected to be $800,000 and direct labor costs are expected to be $1.000,000, then if the activity base is direct labor costs: A) $1.25 is the predetermined overhead rate B) for every dollar of direct labor, 80 cents of manufacturing overhead will be assigned a predctermined overhead rate cannot be determined. C) every dollar of manufacturing overhead., 80 cents of direct labor will be assigned. 4. A manufacturing company calculates cost of goods sold as follows A) Beginning FG inventory+ cost of goods purchased - ending FG inventory. B) Ending FG inventory- cost of goods manufactured + beginning FG inventory. C) Beginning FG inventory- cost of goods manufactured - ending FG inventory. D) Beginning FG inventory + cost of goods manufactured - ending FG inventory Version B Page1