Help Sove 8 Exit Submit Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May The beginning balance in the raw materials account was $24000 and the ending balance was $14,000 Raw materials purchases during the month totaled 571000 Manufacturing overhead cost incurred during the month was $115,000, of which $2800 consisted of raw materials classified as indirect materials. The direct materials cost for May was Multiple Choice 57.000 S4200 551000 PEON 1 of 30 !!! Next > Next > Multiple Choice S71000 $48.200 551000 591000 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year Raw Materials Credit Debit Beginning Balance 9,500 5,250 5,450 Work in Process Credit nebit Beginning Balance 22,450 4,350 6,450 8,750 8,550 Finished Goods Credit Debit Beginning Balance 20,650 2,450 22,450 Manufacturing Overhead Debit Credit 8,550 3,050 3,750 Wages & Salaries Payable Debit Credit 20,650 Beginning Balance 2,75e 12,500 Cost of Goods Sola Debat Credit 20,650 The manufacturing overhead applied was Multiple Choice $15 200 Multiple Choice $15.200 $3,750 $3,450 O 58 550 The following partially completed T accounts summarize transactions for Faaberg Corporation during the year Raw Materials Debit Beginning Balance Credit 5,250 5,450 9,500 work in process Credit Debit Beginning Balance 22,450 4,350 6,450 8,750 8,550 Finished Goods Credit Debit Beginning Balance 20,650 2,450 22,450 Manufacturing Overhead Debit Credit 8,550 3,050 3,750 Manufacturing Overhead Debit Credit 8,550 3,050 3,750 3,450 Debit Waites & Salaries Payable Credit 20,650 Beginning Balance 2,750 12,500 Cost of Goods Sold Debit Credit 20,650 The manufacturing overhead was Multiple Choice Multiple Choice $3,450 overapplied $3.450 underapplied $1700 overapplied $1700 underapplied Lacourse Incorporated's inspection costs are listed below 14 January February March April May June July August Units Produced 436 386 455 470 412 387 462 413 Inspection Costs $6,142 $5,645 $6,357 $6,495 $5,895 $5,648 $6,422 $5,908 Management believes that inspection cost is a mixed cost that depends on units produced Using the least-squares regression method, the estimate of the fixed component of inspection cost per month is closest to: Multiple Choice Multiple Choice 51,669 55723 57 55,645 Matthias Corporation has provided data concering the Corporation's Manufacturing Overhead account for the month of May. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debts to the Manufacturing Overhead account was $56.000 and the total of the credits to the account was $75.000 Which of the following statements is true? Miluples Choice Manufacturing overhead applied to Work in Process for the month 78.000 Manufacturing overhead for the month was under led by $19.000 Manufacturing ved transferred from Fished Goods Cost of Good Son $50.000 Help Save & Eat Submit Multiple Choice B Manufacturing overhead apped to Work in Process for the month wes 575.000 Manufacturing overhead for the month was underapplied by 59.000 Manufacturing the need from the Goods to Con Goods South 56.000 Manufacturing ved during the 75.000 Weatherhead Incorporated has provided the following data for the month of March There were no beginning inventores consequently, the direct materials direct labor and manufacturing overhead applied listed below are all for the current month Direct materials Direct labor Manufacturing overhead applied Total Work in Process $ 4,240 10,160 5,860 $20,260 Finished Goods $14,740 29,480 11,380 $55,600 Cost of Goods Sold $41,740 2,80 35,060 $160,680 Total $ 60,720 123,520 52,300 $236,540 Manufacturing overhead for the month was overapplied by $3,900 The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process finished goods and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in thow accounts The work in process inventory at the end of March after allocation of any underapplied or overappled manufacturing overhead for the month is closest to (Round intermediate percentage computations to the nearest whole percent.) Sovet Submit Murple Choice 520,420 o O $10.002 52091