Version 3 6. Stitchlt Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2013 totaled $18,000 of materials, $9,000 of direct labor of manufacturing overhead applied. The company ships all goods as results in no finished goods inventory on hand at the costs, and $6,000 soon as they are completed which end of any year. Beginning work in process totaled $15,000, and the ending balance is $9,000. During the year, the company completed 20 machines. How much is the cost per machine? A) $2.400 B) $1,950 C) $1,650 D) $1,350 27. What activities and responsibilities are not associated with management's functions? A) Planning C) Accountability D) Directing 28. A manufacturing company calculates cost of goods sold as follows: A) Beginning FG inventory + cost of goods purchased - ending FG inventory B) Ending FG inventory-cost of goods manufactured+ beginning FG inventory C) Beginning FG inventory+cost of goods manufactured - ending FG inventory D) Beginning FG inventory-cost of goods manufactured - ending FG inventory 29. The primary benefit of ABC is it provides A) enhanced control over overhead costs. B) more cost pools C) more accurate product costing. D) better management decisions. 30. A materials requisition slip showed that direct materials requested were $63,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is A) Work In Process Inventory Manufacturing Overhead 9,000 Raw Materials Inventory 72,000 B) Direct Materials 63,000 Indirect Materials 9,000 2.000 Work in Process Inventory C) Manufacturing Overhead 72,000 Raw Materials Inventory 72,000 D) Work In Process Inventory 63,000 Raw Materials Inventory 63,000