Assume the following information from a schedule of cost of goods manufactured: What is the direct labor cost? Multiple Choice $60,000 $132,000 $30,000 $120,000 If the raw materiais inventory bolance incteased by $8,000 during the period and the mow material purchases were $60,000, then what is the raw materials used in production? (i) Misple Choice 552,050 ssc.900 498000 Assume the following from a schedule of cost of goods manufactured: What is the cost of goods manufactured? Multiple Choice $88,000 $82,000 $104,000 $76,000 At the end of the year s compeny's epplied owerhend s dittribated among is imwntory accounts and cost of goods sold as foliows: Mitipe crouce Assume that a company provided the following T-account: Based on the transactions recorded in this account, which of the following must be true? Multiple Choice The raw materials used in production must equal $480,000. The raw materials used in production must equal $510,000 The direct materials used in production must equal $480.000. The direct materials used in production must equal $510,000. Assume that a company provided the following T-account: Based on the transactions recorded in this account, which of the following must be true? Nultiple Choice The raw materiais purchases must equal $510,000 The raw materials used in production must equal $510,000, The corresponding debit to the Work in Process account must be $480,000. The corresponding debit to the Manufacturing Overhead account must be $480,000, Assume that a company provided the following T-account before it had recorded any closing entries: Based on the transactions recorded in this account, which of the following must be true? Multiple Choice The manufacturing overhead applied to production is $232,000. The cash paid for manufacturing costs is $240,000. The cash paid for manufacturing costs is $232,000. The manufacturing overhead applied to production is $240,000. Assume that a company provided the following T-account before it had recorded any closing entries. Based on the transactions recorded in this account, which of the following must be true? Multiple Choice The underapplied overhead is $8,000. The overapplied overhead is $8,000. The entry to close this account will increase cost of goods sold. The entry to close this account will increase finished goods. Assume that a company provided the folowing income statement: If the income statement abowe has been adjusted to reflect overapplied overhead of $10.000 and we assume that the company maintains no beginning or ending inven Munpes Choice $250,000 $260000 $10000 $240,000 toes of gobat wa vi and hi ntath salerert: 2=6,454 [45,200 aitbt chere sma00c mate! Heteo? siltore