10. Calculate cost of goods manufactured using the account balance information below: Work in Process Inventory, beginning balance Work in Process Inventory, ending balance Cost of direct materials used Direct labor costs Factory overhead applied (at 210% of direct labor costs) $415,200 295,700 211,000 168,000 352,800 A) $612,300 B) $731,800 C) $737,100 D) $851,300 11. If the total direct labor cost in October was $110,000 and the standard direct labor cost for units produced was $108,000, then the total direct labor cost variance was A) $2,000 unfavorable B) $2,000 favorable 12. The inventory costing method required for financial reporting by United States GAAP (Generally Accepted Accounting Principles) is: A) Absorption costing B) Variable costing 13. Costs incurred for the joint benefit of more than one department are called: A) Controllable costs. B) Uncontrollable costs. C) Direct expenses. D) Indirect expenses. 14. How are cash dividends paid reported on the Statement of Cash Flows? A) Cash in (positive cash flow) in the investing section B) Cash in (positive cash flow) in the financing section C) Cash out (negative cash flow) in the investing section D) Cash out (negative cash flow) in the financing section Page 4