Question :
115.The following information relates to the manufacturing operations of the : 1258450
115.The following information relates to the manufacturing operations of the Abbra Publishing Company for the year:
BeginningEnding
Raw materials inventory$547,000$610,000
The raw materials used in manufacturing during the year totaled $1,018,000. Raw materials purchased during the year amount to: A. $955,000.
B. $892,000.
C. $1,565,000.
D. $408,000.
E. $1,081,000.
116.Comet Company accumulated the following account information for the year:
Beginning raw materials inventory$6,000
Indirect materials cost2,000
Indirect labor cost5,000
Maintenance of factory equipment2,800
Direct labor cost7,000
Using the above information, total factory overhead costs would be: A. $9,800.
B. $16,800.
C. $15,800.
D. $13,000.
E. $7,800.
117.Asteroid Industries accumulated the following cost information for the year:
Direct materials$16,000
Indirect materials4,000
Indirect labor8,500
Factory depreciation12,800
Direct labor37,000
Using the above information, total factory overhead costs would be:
A. $78,300.
B. $25,300.
C. $12,800.
D. $16,800.
E. $53,000.
118.The following information is available for the year ended December 31:
Beginning raw materials inventory$21,500
Raw materials purchases74,000
Ending raw materials inventory23,000
Office supplies expense2,400
The amount of raw materials used in production for the year is:
A. $76,400.
B. $95,500.
C. $72,500.
D. $74,900.
E. $70,100.
119.The following information is available for the year ended December 31:
Beginning raw materials inventory$11,000
Raw materials purchases86,000
Ending raw materials inventory10,400
Manufacturing supplies expense900
The amount of raw materials used in production for the year is:
A. $87,500.
B. $85,700.
C. $86,900.
D. $85,400.
E. $86,600.
120.A financial report that summarizes the amounts and types of costs that were incurred in the manufacturing process during the period is a:
A. Materials statement.
B. Managerial statement.
C. Schedule of cost of goods manufactured.
D. Merchandise schedule.
E. General-purpose statement.
121.If beginning and ending work in process inventories are $5,000 and $15,000, respectively, and cost of goods manufactured is $170,000, what is the total manufacturing cost for the period?
A. $180,000.
B. $155,000.
C. $160,000.
D. $175,000.
E. $165,000.
122.Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year:
Work in Process, January 150,000
Work in Process, December 3137,000
Direct materials used$12,500
Total Factory overhead5,500
Direct labor used26,500
A. $13,000.
B. $44,500.
C. $57,500.
D. $94,500.
E. $89,000.
123.Using the information below for Singing Dolls, Inc., determine cost of goods manufactured for the year:
Work in Process, January 150,000
Work in Process, December 3137,000
Total Factory overhead5,500
Direct materials used$12,500
Direct labor used26,500
A. $13,000.
B. $44,500.
C. $57,500.
D. $94,500.
E. $52,000.
124.Using the information below for Laurels Company; determine the manufacturing costs added 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.
