1.In determining total manufacturing costs on the cost of goodsmanufactured schedule, a.actual manufacturing overhead costs appear as...

Fantastic news! We've Found the answer you've been seeking!

Question:

1.In determining total manufacturing costs on the cost of goodsmanufactured schedule,

a.actual manufacturing overhead costs appear as a deduction.

b.manufacturing overhead applied is added to direct materialsand direct labor.

c.ending work in process inventory is deducted from beginningwork in process inventory.

d.beginning work in process inventory should have a zerobalance.

2.Bonita Industries applies overhead on the basisof 200% of direct labor cost. Job No. 305 is charged with$450000 of direct materials costs and $300000 ofmanufacturing overhead. The total manufacturing costs for Job No.305 is:

a.$1050000

b.$750000

c.$900000

d.$1200000

3.Vaughn Manufacturing's accounting records reflect thefollowing inventories:

	Dec. 31, 2020	Dec. 31, 2019
Raw materials inventory	$350000	$290000
Work in process inventory	300000	160000
Finished goods inventory	190000	150000

During 2020, $840000 of raw materials were purchased, directlabor costs amounted to $670000, and manufacturing overheadincurred was $640000.
The total raw materials available for use during 2020for Vaughn Manufacturing is

a.$1190000.

b.$780000.

c.$700000.

d.$1130000.