Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need these ASAP!! Just the answers!! Question 36 (3 points) Listen The higher the risk element in a project, the 1) more attractive the

I need these ASAP!! Just the answers!!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 36 (3 points) Listen The higher the risk element in a project, the 1) more attractive the investment 2) higher the net present value. 3) higher the cost of capital. 4) higher the discount rate. Question 37 (7 points) Listen During 2020, Gaylord Manufacturing expected Job No. 26 to cost $300,000 of overhead, $500,000 of maprials, and $200,000 in labor. Gaylord applied overhead based on direct labor cost. Actual production required an overhead cost of $290,000, $550,000 in materials used, and $220,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods? 1) $1,070,000 2) $1,060,000 3) $1,000,000 4) $1,100,000 Question 3B (7 points) LaGrange Company incurred direct materials costs of $750,000 during the year. Manufacturing overhead applied was $700,000 and is applied based on direct labor costs. The predetermined overhead rate is 70%. How much are LaGrange's total manufacturing costs for the year? 1) $1,750,000 O2) $1,940,000 3) $1,450,000 4) $2,450,000 Question 39 (7 points) Listen The predetermined overheat rate for Wayne Manufacturing is 70% of direct labor cost. During November, $720,000 of factory labor costs are incurred of which $200,000 is indirect labor. Actual overhead incurred was $360,000. The amount of overhead debited to Work in Process Inventory should be: 1) $364,000 2) $504,000 3) $520,000 O4) $360,000 Question 40 (3 points) Listen An unfavorable materials quantity variance would occur if 1) more materials were Purchased than were used. 2) actual pounds of materials used were less than the standard pounds allowed. 3) actual labor hours used were greater than the standard labor hours allowed. 4) actual pounds of materials used were greater than the standard pounds allowed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Integrated Audit Practice Case

Authors: David S. Kerr, Randal J. Elder, Alvin A. Arens

7th Edition

0912503688, 978-0912503684

More Books

Students also viewed these Accounting questions