Question : 125.Using the information below for Laurels Company; determine the cost : 1258451

 

125.Using the information below for Laurels Company; determine the cost of goods manufactured during the current year: 

Direct materials used$5,000

Direct Labor7,000

Total Factory overhead5,100

Beginning work in process3,000

Ending work in process4,000

  

A. $12,000.

B. $16,100.

C. $17,100.

D. $18,100.

E. $13,600.

126.Using the information below for Sundar Company; determine the total manufacturing costs added during the current year: 

Direct materials used$19,000

Direct labor used24,500

Factory overhead55,100

Beginning work in process10,700

Ending work in process11,300

  

A. $98,600.

 

B. $43,500.

C. $98,000.

D. $42,900.

E. $79,000.

127.Using the information below for Sundar Company; determine the cost of goods manufactured during the current year: 

Direct materials used$19,000

Direct labor used24,500

Factory overhead55,100

Beginning work in process10,700

Ending work in process11,300

  

A. $98,600.

 

B. $43,500.

 

C. $98,000.

 

D. $42,900.

 

E. $79,000.

128.Total manufacturing costs incurred during the year do not include:    

A. Direct materials used.

B. Factory supplies used.

C. Work in Process inventory, beginning balance.

D. Direct labor.

E. Depreciation of factory machinery.

129.Which of the following accounts would appear on a schedule of cost of goods manufactured?   

A. Raw materials, factory insurance expired, indirect labor.

B. Raw materials, work in process, finished goods.

C. Direct labor, delivery equipment, and depreciation on factory equipment.

D. Direct materials, indirect labor, sales salaries.

E. Direct labor, factory repairs and maintenance, wages payable.

130.Which of the following represents the correct formula for calculating cost of goods manufactured?   

A. Direct materials used + direct labor + factory overhead + beginning work in process + ending work in process.

B. Direct materials used + direct labor + factory overhead + beginning work in process – ending work in process.

C. Direct materials used + direct labor + factory overhead – beginning work in process + ending work in process.

D. Direct materials used + direct labor + factory overhead – beginning work in process – ending work in process.

E. Direct materials used + direct labor – factory overhead + beginning work in process – ending work in process.

131.Current information for the Healey Company follows: 

Beginning raw materials inventory$15,200

Raw material purchases60,000

Ending raw materials inventory16,600

Beginning work in process inventory22,400

Ending work in process inventory28,000

Direct labor42,800

Total factory overhead30,000

All raw materials used were traceable to specific units of product. Healey Company’s direct materialsused for the year is:  A. $58,600.

B. $60,000.

C. $75,200.

D. $76,600.

E. $61,400.

132.Current information for the Healey Company follows: 

Beginning raw materials inventory$15,200

Raw material purchases60,000

Ending raw materials inventory16,600

Beginning work in process inventory22,400

Ending work in process inventory28,000

Direct labor42,800

Total factory overhead30,000

All raw materials used were traceable to specific units of product. Healey Company’s totalmanufacturing costs for the year are:  A. $125,800.

B. $128,600.

C. $131,400.

D. $137,000.

E. $139,000.

133.Current information for the Healey Company follows: 

Beginning raw materials inventory$15,200

Raw material purchases60,000

Ending raw materials inventory16,600

Beginning work in process inventory22,400

Ending work in process inventory28,000

Direct labor42,800

Total factory overhead30,000

All raw materials used were traceable to specific units of product. Healey Company’s Cost of Goods Manufactured for the year is:   A. $125,800.

B. $128,600.

C. $131,400.

D. $137,000.

E. $139,000.

134.Current information for the Stellar Corporation follows: 

Beginning work in process inventory17,900

Ending work in process inventory19,300

Direct materials147,000

Direct labor85,000

Total factory overhead63,100

Stellar Corporation’s Cost of Goods Manufactured for the year is:    

A. $295,100.

B. $296,500.

C. $313,000.

D. $275,800.

E. $293,700.

 

 

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