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During the year only one job, Job # 265 was started and completed. $50,700 of direct materials were requisitioned for Job #265 and $35,500 of
During the year only one job, Job # 265 was started and completed. $50,700 of direct materials were requisitioned for Job #265 and $35,500 of direct labor cost was incurred on Job #265. The manufacturing overhead cost driver is based on direct labor costs. Estimated overhead costs for the year were $46,800. Estimated direct labor costs for the year were $36,000. Total actual manufacturing overhead costs amounted to $41,300 at year-end. Applied manufacturing overhead totaled? O $46,150 O $60,840 O $4,850 O $41,300 Wavy Company had a beginning work in process inventory balance of $32,900. During the year, $55,100 of direct materials was placed into production. Direct labor was $64.400, and indirect labor was $19,900. Manufacturing overhead is allocated at 140% of direct labor costs. Actual manufacturing overhead was $86,500, and Cost of Goods Manufactured totaled $225,400. What is the ending work in process inventory balance? $187,460 O $17,160. 0 $90,160 $13,500 A CPA Firm operates in two locations, East and West. The East location includes adverthing and tax departments. The West location includes administrative and audit departments. Which of the Following is true regarding classifying costs as direct or indirect, when cost objects are identified as either the Advertising department or the East location? Answer CHOICE: Cost Being Analyzed: Cost Object A- Cost Object B - East Advertising Dept: Location: Company president's 1 Indirect Indirect salary Advertising dept. 2 Direct Indirect manager's salary Utilities for East 3 Direct Direct location Supplies for 4 Advertising dept. Indirect Indirect ONLY O Choice 4 Choice 1 Choice 2 Cally Co. manufactures calendars. The controller gathered the following cost information: Utilities to run the production machinery $7,340 Wages of production manager's salary $3,040 Glossy paper $6,480 $840 Telephone for the sales department Rent on the production facility $4,720 Wages of binding and assembly department employees $2,320 Wages of headquarter's receptionist $1,060 Ink (able to be tracked per calendar) $4,920 There were no beginning or ending inventories. What are the total conversion costs? $15,100
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