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timed final! plz help Multiple Choice Question 78 Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred
timed final! plz help
Multiple Choice Question 78 Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $18000 of materials, $13000 of direct labor costs, and $8000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $12000, and the ending balance is $9000. During the year, the company completed 25 machines. How much is the cost per machine? $1680 O $1560 $2040 $1440 Multiple Choice Question 115 Sunland Companyreported the following year-end information: beginning work in process inventory, $73000; cost of goods manufactured, $700000; beginning finished goods inventory, 543000; ending work in process inventory, $63000; and ending finished goods inventory, $33000. How much is Sunland's cost of goods sold for the year? O $690000 $720000 $710000 O $700000 Multiple Choice Question 32 Marigold Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was 51550000. The company used 1000 hours of processing on Sob No B12 during the period and incurred overhead costs totaling $1600000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. 0127 $1550 $77500 $30000 $1600 Multiple Choice Question 47 Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. Activity Cost Pool Ordering and Receiving Machine Setup Machining Assembly Inspection Cost Driver Orders Setups Machine hours Parts Inspections Est. Overhead $ 110000 288000 1475000 1180000 290000 Cost Driver Activity 500 orders 450 setups 125000 MH 1000000 parts 500 inspections If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is $33 Step by Step Solution
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