12 A management concept under which all managers and employees at all stages of operations strive toward higher standards and a reduced number of defective units is called A. Continuous improvement B. Customer orientation C. Just-in-time D. Theory of constraints E. Total Quality Management The R Company's manufacturing costs for August are direct labor, 513.000, indirect labor, $6,500, direct materials, $15,000, taxes on raw materials and work in process, $800; factory heat, lights, and power, $1,000, advertising expense S1,500 and insurance on plant and equipment, $200. R Company's factory overhead for August is: (5 points) SHOW ALL WORK OR NO CREDIT EVEN IF ANSWER IS CORRECTI) A. S 2.000 BS 6,500 CS 8,500 D. $21.500 E. S36,500 F. None of the above, the answer is Namrac Company had sales of $3,500,000 for the year. Some additional information is as follows: direct materials used $300,000; direct labor $240,000; selling expenses $125,000, debits to the factory overhead account $357,000, administrative expenses $185,000. Factory overhead is applied at 150% of direct labor cost. The total amount that would be debited to Goods-in-Process Inventory for the year would be! (4 points-SHOW ALL WORK OR NO CREDIT EVEN IF CORRECT ANSWER IS SELECTED!!) A. $ 1,207,000. B. S 897,000 C. $ 1,022,000 D. $ 1,082,000 E. None of the above, the answer is The Machining Department started last month with a beginning goods in process inventory of $10,000. During the month, it was assigned the following costs: direct materials -- $76,000, direct labor-- $24.000, and factory overhead -- 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Machining Department should be: (5 pts SHOW ALL WORK OR NO CREDIT EVEN IF CORRECT ANSWER IS SELECTED!!) A. S 13,000 B. $ 56.000. C. S 59,000 D. $110,000 E. $165.000 15