PIVOLI me Left:0:38:59 Henry Pleitez: Attempt 1 Question 1 (1 point) The drying and cool down process represents 25% of the total costs of all set ups associated with all activities. Using an activity-based cost system, how much is attributed to the drying and cool down process for steel sheeting if overhead is $4,000? $0 since all of the overhead cost is typically allocated well before the end of production $4,000 since all of the overhead should be allocated to the last activity due to proper use of ABC O$1,000 based on the cost associated with all set-ups O Cannot be determined from the above information Question 2 (1 point) What is work in process inventory generally described as? Costs applicable to units that have been started in production but are only comnleted Question 2 (1 point) What is work in process inventory generally described as? Costs applicable to units that have been started in production but are only partially completed Costs associated with the end stage of manufacturing that are almost always complete and ready for customers Costs strictly associated with direct labor Beginning stage production costs associated with labor costs dealing with bringing in raw materials from the shipping docks Question 3 (1 point) For what purpose is the theory of constraints used? To reduce product defects To balance performance measurement To identify and manage constraints that bottle-neck oper To reduce inventory levels Question 4 (1 point) When a company prepares a work sheet for a manufacturing company, to which column is the Indirect Labor account extended? To the adjustment columns To the income statement columns To the cost of goods manufactured columns To the balance sheet columns Question 5 (1 point) Ranger Company reported total manufacturing costs of $65,000, manufacturing overhead totaling $13,000, and direct materials totaling $16,000. How much is direct labor cost? Cannot be determined from the information provided. $94,000 $29,000 $36,000 Question 6 (1 point) Barton Company has beginning work in process inventory of $144,000 and total manufacturing costs of $686,000. If cost of goods manufactured is $640,000, what is the cost of the ending work in process inventory? a) $198,000. b) $190,000 OC) $210,000. d) $170,000. Question 7 (1 point) Gammil Company has beginning and ending raw materials inventories of $96,000 and $120,000, respectively. If direct materials used were $440,000, what was the cost of raw materials purchased? a) $416,000. Ob) $464.000 O c) $440,000 d) $470,000 Question 8 (1 point) Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $10,000 and cost of goods sold was $50,000, how much would Kushman report for cost of goods manufactured? a) $60,000 Ob) $40,000 c) $70,000 d) $10,000 Question 9 (1 point) Samson Company reported total manufacturing costs of $300,000, manufacturing overhead totaling $52,000, and direct materials totaling $64,000. How much is direct labor cost? a) Cannot be determined from the information provided. Ob) $184,000 Oc) $416,000 d) $116,000 Question 10 (1 point) Molina Company has beginning and ending work in process inventories of $130,000 and $145,000 respectively. If total manufacturing costs are $650,000, what is the total cost of goods manufactured? a) $795,000 Ob) $780,000. O $635,000 d) $665,000