Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Asteroid Industries accumulated the following cost information for the year: Salesperson salaries $ 16,500 Indirect materials 4,500 Indirect labor 9,000 Factory depreciation 13,300 Direct labor

Asteroid Industries accumulated the following cost information for the year:

Salesperson salaries $ 16,500
Indirect materials 4,500
Indirect labor 9,000
Factory depreciation 13,300
Direct labor 37,500

Using the above information, total factory overhead costs equal:

Multiple Choice

$80,800.

$26,800.

$13,300.

$17,800.

$54,000.

Use the following data to compute total manufacturing costs for the month:

Sales commissions $ 11,300
Direct labor 40,100
Indirect materials 15,700
Factory utilities 9,500
Indirect labor 14,000
Depreciationoffice equipment 5,500
Direct materials 41,000
Corporate office salaries 43,000
Depreciationfactory equipment 8,000

Multiple Choice

$145,100.

$128,300.

$47,200.

$87,300.

$59,800.

Use the cost information below for Ruiz, Incorporated to determine cost of goods manufactured for the year:

Work in Process, beginning $ 53,600
Work in Process, ending 38,800
Total factory overhead 7,300
Direct materials used 14,300
Direct labor used 28,300

Multiple Choice

$14,800.

$64,700.

$103,500.

$57,400.

$49,900.

Using the information below, compute the days' sales in raw materials inventory:

Raw materials used $ 100,500
Beginning raw materials inventory 9,500
Ending raw materials inventory 12,000

Multiple Choice

10.23.

39.00.

9.35.

10.70.

43.58.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Tony Davies, Ian Crawford

1st Edition

0273723073, 9780273723073

More Books

Students also viewed these Accounting questions