A company's prime costs total $3,400,000 and its conversion costs total $7,400,000. If direct materials...

60.1K

Verified Solution

Question

Accounting

imageimageimageimageimageimageimageimageimageimage

A company's prime costs total $3,400,000 and its conversion costs total $7,400,000. If direct materials are $1,200,000 and factory overhead is $5,200,000, then direct labor is: Multiple Choice $4,000,000. $14,800,000. $2,200,000. C $1,000,000 O $3,400,000. Using the information below for Singing Dolls, Inc., determine the total manufacturing costs incurred during the year: Work in Process, January 1 Work in Process, December 31 Direct materials used Total Factory overhead Direct labor used $53,000 38,500 14,000 7,000 28,000 Multiple Choice $63,500. $49,000. $14,500. $102,000. $95,000. Using the information below for Sundar Company; determine the cost of goods manufactured during the current year: Direct materials used Direct labor used Factory overhead Beginning work in process Ending work in process $19,600 25,100 52,100 11,300 11,900 Multiple Choice O $96,800. 0) $44,700. O $96,200. O O $44,100. O $76,600. O Calculate the cost of goods manufactured using the following information: Direct materials Direct labor Factory overhead costs General and administrative expenses Selling expenses Work in Process inventory, January 1 Work in Process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 $300,000 133,500 265,500 87,000 50,300 120,000 127,400 233,600 240,200 Multiple Choice $691,600. $699,000. $778,600. $685,000. $706,400. If the cost of the beginning work in process inventory is $70,200, costs of goods manufactured is $945,000, direct materials cost is $341,000, direct labor cost is $221,000, and overhead cost is $326,000, calculate the ending work in process inventory: Multiple Choice $327,800. $383,000. $127,200. $57,000. $13,200

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students