9. In July, Hernandez LLC purchased materials costing $23,100.
Direct labor cost of $19,800 was incurred during the
month. Manufacturing overhead totaled $35,200 for the
month.
Inventory information was as follows:
|
July 1
|
July 31
|
Direct Materials inventory
|
$6,820
|
$7,810
|
Work in process inventory
|
770
|
1,320
|
Finished goods inventory
|
3,630
|
2,970
|
What was the cost of direct materials used in production for the
month of July?
|
a. |
$21,000
|
|
b. |
$22,110
|
|
c. |
$21,900
|
|
d. |
$20,500
|
10. In July, Noel and Vang Company purchased raw materials
costing $23,110, and incurred direct labor costs of $19,800.
Manufacturing overhead totaled $35,200 for the month. Information
on inventories was as follows:
|
July 1
|
July 31
|
Direct Materials inventory
|
$6,820
|
$7,810
|
Work in process inventory
|
770
|
1,320
|
Finished goods inventory
|
3,630
|
2,970
|
What was the total manufacturing cost in July?
|
a. |
$71,000
|
|
b. |
$50,000
|
|
c. |
$69,600
|
|
d. |
$77,110
|
11. Partially completed goods on hand at the end of a period
would be recorded in:
|
a. |
ending work in process inventory.
|
|
b. |
beginning work in process inventory.
|
|
c. |
beginning finished goods inventory.
|
|
d. |
cost of goods sold.
|
12. What was Wooten and McMahon's operating income last year,
given the following information? You may round all calculations to
two decimal positions
- They incurred the following per units costs:
Direct materials
|
$13.00
|
Direct labor
|
8.80
|
Manufacturing overhead
|
16.50
|
- Last year, the company produced and sold 825 units at a sales
price of $74.80.
- Total Selling and Administrative expenses were $24,200.
|
a. |
$29,000.75
|
|
b. |
$51,000.00
|
|
c. |
$25,500.50
|
|
d. |
$5,912.50 |
