Question

RedEx Shipping determined the rate to apply overhead based on direct labor hours would be
$5.40, and based on machine hours would be $4.20. Job 664 used $26.00 of direct materials, 2.5
machine hours, and 4 hours of direct labor at a cost of $14 per hour. How much is the
manufacturing cost of job 664 if RedEx Shipping applies overhead based on machine hours?
A. $92.50
B. $10.50
C. $21.60
D. $103.60

Winslow Windows manufactures custom windows for high rise buildings and employs a job-
order costing system. During June, Winslow’s transactions and accounts included the following:

Raw materials purchased $106,000
Direct labor cost incurred 42,000
Total manufacturing overhead applied 35,800
Raw materials inventory, beginning 13,100
Raw materials inventory, ending 11,600
Finished goods inventory, beginning 9,000
Work in process inventory, beginning 13,000
Work in process inventory, ending 14,100
Total manufacturing overhead incurred 34,200
How much is the cost of goods manufactured for June?
A. $185,300
B. $184,200
C. $182,600
D. $182,700

In April, Walston Enterprises had the following results:
Beginning finished goods inventory $17,400
Ending finished goods inventory $25,400
Sales $965,000
Gross Margin $450,000
How much is cost of goods sold for April?
A. $458,000
B. $515,000
C. $507,000
D. $423,000

Answer 1

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