Question
17. Roscoe Company incurred direct materials costs of $500,000 during the year. Manufacturing overhead applied was $540,000 and is applied based on direct labor costs.
17. Roscoe Company incurred direct materials costs of $500,000 during the year. Manufacturing overhead applied was $540,000 and is applied based on direct labor costs. The predetermined overhead rate is 75%. How much are Roscoe Company's total manufacturing costs for the year? Question 17 options: $1,220,000 $1,760,000 $1,040,000 $1,445,000
16. In determining total manufacturing costs on the cost of goods manufactured schedule, Question 16 options: ending work in process inventory is deducted from beginning work in process inventory. beginning work in process inventory should have a zero balance. actual manufacturing overhead costs appear as a deduction. 15. manufacturing overhead applied is added to direct materials and direct labor. Which of the following is not viewed as part of accumulating manufacturing costs in a job order cost system? Question 15 options: Factory labor is incurred Manufacturing overhead is incurred Raw materials are purchased Cost of goods sold is recognized
14. When determining costs of jobs, how does a company account for indirect materials? Question 14 options: It is transferred out of raw materials into work in process as used. It is transferred out of raw materials into manufacturing overhead when used. It is added to work in process as used. It remains part of raw materials inventory. 13. Torm'e Company applies overhead on the basis of 130% of direct labor cost. Job No. 190 is charged with $140,000 of direct materials costs and $208,000 of manufacturing overhead. The total manufacturing costs for Job No. 190 is Question 13 options: $618,000. $348,000. $508,000. $410,400.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started