Wolfpack Company uses job-order costing. At the end of the month, the following data was gathered:

Job #	Total Cost	Complete?	Sold?
803	$611	yes	yes
804	423	yes	no
805	805	no	no
806	682	yes	yes
807	525	yes	no
808	250	no	no
809	440	yes	yes
810	773	yes	no
811	267	no	no
812	341	no	no

Wolfpacks selling price is cost plus 50% for each of its jobs.

What is the selling price of Job 806?

Select one:

a. $682

b. $1,320

c. $1,023

d. $1,440

e. $920

QUESTION 2:

Which of the following statements about a capital investment projects internal rate of return is true?

Select one:

a. The internal rate of return is the minimum required rate of return for a project.

b. The internal rate of return indicates the number of years it takes the projects cash inflows to equal or exceed the projects cost.

c. The internal rate of return is the actual rate of return of the capital investment project.

d. The internal rate of return is the maximum required rate of return for a project.

QUESTION 3

Raleigh Clothes Ltd. uses job order costing to measure and track product costs. Raleigh has determined that machine hours drive its manufacturing overhead costs. During the month of June, the following data were available for Product #95:

Direct labor 350 hours at $10 per hour

Direct materials 40 square yards at $25 per yard

Machine hours used 1,000 hours

If total manufacturing overhead costs during the month totaled $100,000 when a total of 25,000 machine hours were used, what will be the total manufacturing cost of Product #95?

Select one:

a. $ 3,500

b. $ 4,500

c. $12,500

d. $ 4,000

e. $ 8,500