Question
During May, $67,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per
During May, $67,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 470 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,900 of direct materials cost. The Corporation incurred $44,550 of actual manufacturing overhead cost during the month and applied $44,700 in manufacturing overhead cost.
The direct materials cost in the May 1 Work in Process inventory account totaled:
Multiple Choice
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$14,950
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$9,310
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$16,360
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$7,050
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