River Falls Manufacturing uses a normal cost system and had the following data available for 2020: Direct materials purchased on account $148,000 Direct materials requisitioned 80,000 Direct labor cost incurred 131,000 Factory overhead incurred 150,000 Cost of goods completed 295,000 Cost of goods sold 245,000 Beginning direct materials inventory 33,000 Beginning WIP inventory 69,000 443,750 B. $426,000 C. $148,750 D. $131,000 Vineyard Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Vineyard aggregates all operating costs of $1,190,000 into a single overhead cost pool. Vineyard calculates a rate per test-hour of $17 ($1,190,000 + 70,000 total test-hours). HT uses 40,000 test-hours, and ST uses 30,000 test-hours. Gary Celeste, Vineyard's controller, believes that there is enough variation in test procedures and cost structures to establish separate costing and billing rates for HT and ST. The market for test services is becoming competitive. Without this information, any miscosting and mispricing of its services could cause Vineyard to lose business. Celeste divides Vineyard's costs into four activity-cost categories. E (Click the icon to view the activity-cost categories.) Read the requirements wwwy w way Uua por Guuvi Calculate the cost of each activity and the total cost of the heat testing and stress testing. Heat Test (HT) Total Cost Direct labor Equipment Setup Design Total ? Cntar anu number in the edit fields and then click Check Answer River Falls Manufacturing uses a normal cost system and had the following data available for 2020: Direct materials purchased on account $148,000 Direct materials requisitioned 80,000 Direct labor cost incurred 131,000 Factory overhead incurred 150,000 Cost of goods completed 295,000 Cost of goods sold 245,000 Beginning direct materials inventory 33,000 Beginning WIP inventory 69,000 443,750 B. $426,000 C. $148,750 D. $131,000 Vineyard Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Vineyard aggregates all operating costs of $1,190,000 into a single overhead cost pool. Vineyard calculates a rate per test-hour of $17 ($1,190,000 + 70,000 total test-hours). HT uses 40,000 test-hours, and ST uses 30,000 test-hours. Gary Celeste, Vineyard's controller, believes that there is enough variation in test procedures and cost structures to establish separate costing and billing rates for HT and ST. The market for test services is becoming competitive. Without this information, any miscosting and mispricing of its services could cause Vineyard to lose business. Celeste divides Vineyard's costs into four activity-cost categories. E (Click the icon to view the activity-cost categories.) Read the requirements wwwy w way Uua por Guuvi Calculate the cost of each activity and the total cost of the heat testing and stress testing. Heat Test (HT) Total Cost Direct labor Equipment Setup Design Total ? Cntar anu number in the edit fields and then click Check