Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 13 Below is information from Runaground, Corp. for the current period: Direct materials used $67,200 Direct labor used $39,100 Factory overhead costs $49,300 Administrative

image text in transcribed

QUESTION 13 Below is information from Runaground, Corp. for the current period: Direct materials used $67,200 Direct labor used $39,100 Factory overhead costs $49,300 Administrative costs $24.900 Selling costs $16.500 Work in process inventory, beginning $27,000 balance Work in process inventory, ending balance $25,500 Finished goods inventory, beginning $35,400 balance Finished goods inventory, ending balance $40.600 The cost of goods manufactured for the firm is: a. $150,400 b. $155,600 C. $160,800 d. $157,100 e. $151,900 QUESTION 14 A job order costing system would best fit the needs of a company that makes: a. Custom machinery b. Cement. C. Pencils and erasers. d. Shoes and apparel e. Paint

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

Cost And Management Accounting An Introduction

Authors: Colin Drury

7th Edition

1408032139, 978-1408032138

More Books

Students also viewed these Accounting questions

Question

Have I comparison shopped for price and quality?

Answered: 1 week ago