Quiz 4 - 2 out of 2 points For Case (C) in #3 what is the...

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Fab Co. manufactures textiles. Among Fab's 2010 manufacturing costs were the following salaries and wages: Loom operators $120,000 Factory foreman 45,000 Machine mechanics 30,000 What was the amount of Fab's 2010 direct labor? Answer Selected Answer: $120,000 Correct Answer: $120,000 Response Feedback: DL = loom operators $120,000 Question 2 2 out of 2 points Per information in #1 what was the amount of Fab's 2010 indirect labor? Answer Selected Answer: $75,000 Correct Answer: $75,000 Response Feedback: Question 3 2 out of 2 points Beginning Balance (BB) Ending Balance (EB) Transferred In (TI) Transferred Out (TO) For Case (A) above, what is the Ending
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Balance (EB)? Answer Selected Answer: $38,320 Correct Answer: $38,320 Response Feedback: Question 4 2 out of 2 points For Case (B) in #3 what is the Transferred-In (IT)? Answer Selected Answer: $89,500 Correct Answer: $89,500 Response Feedback: Question 5
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Unformatted text preview: 2 out of 2 points For Case (C) in #3 what is the Transferred-Out (TO)? Answer Selected Answer: $61,800 Correct Answer: $61,800 Response Feedback: Question 6 2 out of 2 points Trans-X processes credit card receipts for local banks. Trans-X processed 1,400,000 receipts in October. All receipts are processed the same day they are received. October costs were labor of $14,000 and overhead of $28,000. What is the cost to process 1,000 receipts? Answer Selected Answer: $30.00 Correct Answer: $30.00 Response Feedback: Question 7 2 out of 2 points The predetermined manufacturing overhead rate for the year was 140% of direct labor cost; employees were paid $17.50 per hour. If the estimated direct labor hours were 15,000, what was the estimated manufacturing overhead? Answer Selected Answer: $367,500 Correct Answer: $367,500 Response Feedback:...
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Quiz 4 - 2 out of 2 points For Case (C) in #3 what is the...

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