choose the correct answer

1.If we prorate underapplied or overapplied manufacturing overhead, we can assign amounts the following accounts: ________.

Raw-Material Inventory, Work-in-Process Inventory, and Finished-Goods Inventory.

Cost of Goods Sold, Work-in-Process Inventory, and Finished-Goods Inventory.

Raw-Material Inventory, Manufacturing Overhead, and Direct Labor.

Work-in-Process Inventory, Raw-Material Inventory, and Cost of Goods Sold.

2, Razon Company recently purchased materials from a new supplier at a very attractive price. The materials were found to be of poor quality, and the company's laborers struggled significantly as they shaped the materials into finished product.

In a desperation move to make up for some of the time lost, the manufacturing supervisor brought in more-senior employees from another part of the plant. Which of the following variances would have a high probability of arising from this situation?

All of the answers are correct.

Material price variance, favorable.

All of the answers are wrong.

Labor rate variance, unfavorable.

Material quantity variance, unfavorable.

2.LCW Corporation had a favorable direct-labor efficiency variance of AED6,000 for the period just ended. The actual wage rate was AED0.50 more than the standard rate of AED12.00. If the company's standard hours allowed for actual production totaled 9,500, how many hours did the firm actually work?

902

900

9,020

9,000