The following data apply to Stratford Ltd.

Direct Materials Inventory, beginning of the year

$ 5,500

Direct Materials Inventory, end of the year

$ 3,000

Direct Materials purchased during the year

$45,000

Direct Materials used during the year

$47,500

Work in Process Inventory, beginning of the year

$ 9,000

Direct Labour costs during the year

$10,000

Work in Process Inventory, end of the year

$14,000

Calculate the amount of Manufacturing overhead cost incurred during the year:

Select one:

a.$22,000

b.$20,000

c.$18,000

d.$10,000

e.Cannot be determined by the information given

Variances are calculated are similar in which of the following variance

Select one:

a.Labor rate variance and labor efficiency variance

b.None of the other answers are correct

c.Material price variance, material quantity variance, and total material variance

d.Material price variance and labor rate variance

e.Material price variance and labor efficiency variance

Which of the following statements is false? Manufacturing Overhead Costs are:

Select one:

a.None of the other answers are correct

b.Indirect product costs

c.All manufacturing costs other than direct material and direct labour

d.Non-existent in service firms

e.Normally unable to be traced to products