Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Expert Manufacturing reported the following Revenue $450,000 Beginning inventory of direct materials, January 1, 2015 Purchases of direct materials 28,000 15,800 16,000 22,000 47,000 Ending
Expert Manufacturing reported the following Revenue $450,000 Beginning inventory of direct materials, January 1, 2015 Purchases of direct materials 28,000 15,800 16,000 22,000 47,000 Ending inventory of direct materials, December 31, 2015 Direct manufacturing labor Indirect manufacturing costs Beginning inventory of finished goods, January 1, 2015 Cost of goods manufactured Ending inventory of finished goods, December 31, 2015 Operating costs 50,000 96,800 42,000 151.000 What is Expert's operating income? O A. $337,400 O B. $214,200 O C. $202.200 O D. $194,200 Comtort Corporation manutactures two models of othice chairs, a standard and a deluxe model The following activity and cost intormation has been compiled: Number of Number of Number of Direct Labor Hours Product Setups Components Standard 10 Overhead costs S66 300 $100.000 Assume a traditional costing system applies the overhead costs based on direct labor hours. What is the total amount of overhead costs assigned to the standard model? (Do not round interim calculations. Round the final answer the nearest whole dollar. O A. $52,041 O B. $88,544 O c. $83.150 OD. $79.756
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started