question 12

LO Enabled: CHAPTER5 ONLINE QUIZ Saved Help Save & Exit Su Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 May 30 Raw materials $33,090 $45, 000 Finished Goods $82, 500 $81, 000 Work in Process $17, 655 During May, $66,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 450 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7.800 of direct materials cost. The Corporation incurred $44,250 of actual manufacturing overhead cost during the month and applied $44.100 in manufacturing overhead cost. The actual direct labor-hours worked during May totaled: Multiple Choice O 2,950 hours O 5,400 hours