Version 3 18. A well-designed activity-based costing system starts with A) assigning overhead costs to products. B) computing the activity-based overhead rate C) identifying the activity-cost pools D) analyzing the activities performed to manufacture a product. c Comy manufactures ustomized desks. The following pertains to Job No. 978 Direct materials used Direct labor hours worked Direct labor rate per hour Machine hours used Applied factory overhead rate per machine hour What is the total manufacturing cost for Job No. 978 A) $24,950 B) $23,450 C) $21,650 D) $26,750 S11,450 360 $15.00 300 $22.00 20. Which one of the following should be equal to the balance of the Work In Process Inventory account at the end of the period? A) The total manufacturing costs for the period B) The sum of the costs shown on the job cost sheets of unfinished jobs C) The total of manufacturing overhead applied to work in process for the period D) The total of the amounts transferred from raw materials for the current period 21. Given the following data for Cilennon Company, compute (A)total manufacturing costs Direct materials used Direct labor Manufacturing overhead Operating expenses $270,000 200,000 300,000 350,000 Beginning work in process Ending work in process Beginning finished goods Ending finished goods $40,000 20,000 50,000 30,000 A) $770,000 B) $790,000 C) $770,000 $750,000 D) $750,000 $790,000 $810,000 $790,000 For a manufacturing firm, cost of goods available for sale is computed by adding the beginning finished goods inventory to A) net purchases. B) cost of goods purchased. C) total manufacturing costs. D) cost of goods manufactured. 22. Version 3 Page 4