In the cost of goods sold schedule for October 2020, the total
manufacturing cost consists of...
In the cost of goods sold schedule for October 2020, the total
manufacturing cost consists of Direct Material Cost $82,000. This
means :
Select one:
a. None of the answers are correct
b. Raw materials inventory on October 31, 2020 is $82,000
c. Direct materials purchased during October 2020 is $82,000
d. Direct materials used during October 2020 is $82,000
e. Raw materials inventory on October 1, 2020 is $82,000
1. Concerning the Master Production Schedule (MPS), which of the
following statements are true?
Select all...
1. Concerning the Master Production Schedule (MPS), which of the
following statements are true?
Select all correct answers.
A. A Level Production Strategy minimizes the need for extra
capacity and allows for smooth labor operations.
B. The MPS is the tie between production and sales.
C. A drawback about applying a Chase Demand Strategy is that it
may lead to high levels of inventory when demand is low.
D. The MPS allows sales to know the Availability to Promise
(ATP)...
1. Costs that are expensed when incurred are called:
A. product costs.
B. direct costs.
C....
1. Costs that are expensed when incurred are called:
A. product costs.
B. direct costs.
C. inventoriable costs.
D. period costs.
E. indirect costs
2. The accounting records of Manning Company revealed the
following costs: direct materials used, $250,000; direct labor,
$425,000; manufacturing overhead, $375,000; and selling and
administrative expenses, $220,000. Ehrlich’s product costs
total:
A. $675,000.
B. $1,050,000.
C. $895,000.
D. $1,270,000.
E. None of the answers is correct
3. How should a company that manufactures automobiles classify
its...
Product 1
Product 2
Product 3
Direct Material Cost
$25,000
$30,000
$35,000
Direct Labor Cost
$30,000...
Product 1
Product 2
Product 3
Direct Material Cost
$25,000
$30,000
$35,000
Direct Labor Cost
$30,000
$40,000
$50,000
Direct Labor Hours
1,200 hours
1,800 hours
2,000 hours
Factory overhead is estimated to be $30,000 and is applied based
on direct labor hours. This overhead cost is not traceable to any
particular product.
1. Factory overhead allocated to Product 2 is,
a) $4,800
b) $7,500
c) $10,000
d) $10,800
2. The total product cost of Product 1 is,
a) $7,200
b)...
QUESTION 17
If A = { 1, 2, 3, 4 } B = { 3, 4, 5...
QUESTION 17
If A = { 1, 2, 3, 4 } B = { 3, 4, 5
} C = { 5, 7, 8, 9 }
then A ∩ C U B equals
{ 3, 5 }
{ 3, 4, 5 }
{ 4, 5 }
None of the above
QUESTION 19
What is the Cartesian product A x B given A = {1, 2}
and B = {a, b}?
{ (1, a), (1, b), (2, a), (b, b) (a, a)}
{ (1, 1), (2, 2),...
XYZ industries applies overhead based on direct labor
cost. The following information was available for the...
XYZ industries applies overhead based on direct labor
cost. The following information was available for the last year:
Actual manufacturing overhead OMR50,000; Underapplied manufacturing
overhead OMR10,400; Actual Prime cost OMR52,000; Actual Direct
material cost OMR19,000; Estimated direct labor cost OMR35,000.
What was the estimated manufacturing overhead for the year? Select
one:
a. None of the answers given
b. OMR39,600
c. OMR46,800
d. OMR44,400
e. OMR42,000
Given:
x = 2, 1, 5, 3
y = -4, 3, 2, 1
b = 2...
Given:
x = 2, 1, 5, 3
y = -4, 3, 2, 1
b = 2
Determine the following:
a)
Σx =
b)
Σy =
c)
Σbx + Σby =
d)
(Σy)3 =
e)
Σ(x + y)2 =
f)
[Σ(x + y)]2 =