12 X b BigBlueButton - MIDTERMS O X + structure.com/courses/3696726/quizzes/12187106/take/questions/153249532 MIDTERM EXAM-COST (124) Started: Oct 19 at 1:57pm Quiz Instructions D Question 45 The following information is from Univ Manufacturing Co. for September: Direct materials used in production P 95,000 Direct labor 67,000 ton Total manufacturing cost 234,000 ions Raw materials inventory, Sept. 1 24,000 Work in process inventory, Sept. 1 Finished goods inventory, Sept. 1 101,000 Purchases of raw materials 102,000 Cost of goods manufactured 233,000 Administrative expense 41,000 Selling expense 56,000 Sales 434,000 Gross margin 127,000 Net income 30,000 Compute the ending finished goods. P27,000 P117,000 O P7,000 Cannot be computed based on the information given. Previous e here to search OD Question 40 Data about Univ Co's production and inventories for the month of October are as follows: 1 pts Purchases-direct materials P143,440 Freight in 5,000 Purchase returns and allowances 2,440 Direct Labour 175,000 Actual Factory Overhead 120,000 Inventories October 1 October 31 Finished Goods P68,000 P56,000 Work in process 110,000 135,000 52,000 44,000 Direct Materials Univ Co. applies factory overhead to production at 80% of direct labour cost. Over or under applied overhead is closed to cost of goods sold at year-end. The company reports on a calendar year basis. How much is the under/over applied factory overhead for October? OP120,000 under applied O P20,000 under applied O P20,000 over applied 29"C Cloudy O P140,000 over appliedD Question 40 Data about Univ Co's production and inventories for the month of October are as follows: 1 pts Purchases-direct materials P143,440 Freight in 5,000 Purchase returns and allowances 2,440 Direct Labour 175,000 Actual Factory Overhead 120,000 Inventories October 1 October 31 Finished Goods P68,000 P56,000 Work in process 110,000 135,000 52,000 44,000 Direct Materials Univ Co. applies factory overhead to production at 80% of direct labour cost. Over or under applied overhead is closed to cost of goods sold at year-end. The company reports on a calendar year basis. How much is the under/over applied factory overhead for October? OP120,000 under applied O P20,000 under applied O P20,000 over applied 29"C Cloudy O P140,000 over applied