Question
The following is the data for Lauren Enterprises: Selling and administrative expenses $75,000 Direct materials used 265,000 Direct labor (25,000 hours) 300,000 Factory overhead application
The following is the data for Lauren Enterprises:
Selling and administrative expenses | $75,000 |
Direct materials used | 265,000 |
Direct labor (25,000 hours) | 300,000 |
Factory overhead application rate | $16 per DLH |
Inventories | ||
Beginning | Ending | |
Direct materials | $50,000 | $45,000 |
Work in process | 75,000 | 90,000 |
Finished goods | 40,000 | 25,000 |
What is the cost of goods manufactured?
The following is the data for Lauren Enterprises:
Selling and administrative expenses | $75,000 |
Direct materials used | 265,000 |
Direct labor (25,000 hours) | 300,000 |
Factory overhead application rate | $16 per DLH |
Inventories | ||
Beginning | Ending | |
Direct materials | $50,000 | $45,000 |
Work in process | 75,000 | 90,000 |
Finished goods | 40,000 | 25,000 |
What is the cost of goods manufactured?
$640,000.
$965,000
$945,000
$950,000
$960,000.
The records of Bentler Shoppers, Inc. for December 2018 shows the following information:
Sales | $2,050,000 |
Selling and administrative expenses | 250,000 |
Direct materials purchases | 205,000 |
Direct labor | 298,000 |
Factory overhead | 350,000 |
Direct materials, December 1 | 50,000 |
Work-in-process, December 1 | 85,000 |
Finished goods, December 1 | 64,000 |
Direct materials, December 31 | 41,000 |
Work-in-process, December 31 | 72,000 |
Finished goods, December 31 | 55,000 |
Operating income for the month of December is:
The records of Bentler Shoppers, Inc. for December 2018 shows the following information:
Sales | $2,050,000 |
Selling and administrative expenses | 250,000 |
Direct materials purchases | 205,000 |
Direct labor | 298,000 |
Factory overhead | 350,000 |
Direct materials, December 1 | 50,000 |
Work-in-process, December 1 | 85,000 |
Finished goods, December 1 | 64,000 |
Direct materials, December 31 | 41,000 |
Work-in-process, December 31 | 72,000 |
Finished goods, December 31 | 55,000 |
Operating income for the month of December is:
$934,000.
$916,000.
$960,000.
$1,116,000.
$947,000.
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