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Use the following information to answer the next 3 questions Supreme Company uses a job-order costing system and had two jobs in process at the

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Use the following information to answer the next 3 questions Supreme Company uses a job-order costing system and had two jobs in process at the start of March: Job No. 152 with a total beginning cost of $72,400 and Job No. 161 with a total beginning cost of $62,100. The following information is available: The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be $1,310,400 and 52,000 machine hours, respectively. The company worked on four jobs during the month of March. Direct materials, direct labor incurred, and machine hours consumed were as follows: Indirect production costs incurred during March included charges for depreciation ($12,500), indirect labor ($28,600), indirect materials ($2,100), and other factory costs ($75,600). Cardamon, Inc. completed Job No. 152 and Job No. 163 during March. Job 152 was sold on March 24th. 13. (3 points) What is the cost of goods manufactured for the month of March? a. $213,840 b. $141,440 c. $144,540 d. $219,000 e. $237,540 f. $116,540 g. $217,140 h. None of the above 14. ( 2 points) What is the balance in work in process at the end of March? a. $131,940 b. $75,000 c. $93,000 d. $137,100 e. $102,460 f. $94,750 g. $234,400 h. None of the above 15. (2 points) What is the overhead variance for the month of March? a. $5,400 under applied b. $5,400 over applied c. $9,600 under applied d. $9,600 over applied e. $4,200 under applied f. $4,200 over applied g. $2,260 under applied h. $2,260 over applied i. None of the above

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