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49.Award: 0 out of 1.00 point0 out of 1.00 pointMateus Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed tocost of goods sold at the end of the month. In September the company completed job X86V that consistedof 25,000 units of one of the company's standard products. No other jobs were in process during the month.The total manufacturing cost for job X86V according to its job cost sheet was $1,232,500. During the month,the actual manufacturing overhead cost incurred was $286,700 and the manufacturing overhead appliedwas $276,900. And during the month, 18,000 completed units from job X86V were sold. No other productswere sold during the month.The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for anyunderapplied or overapplied overhead) for September is closest to:$1,232,500$887,400$897,200$955,600Total manufacturing cost for the job$1,232,500 Total number of units produced25,000 Unit product cost$49.3 Unadjusted cost of goods sold (18,000 units ×$49.30 per unit)$887,400 TUITTTReferencesMultiple ChoiceLearning Objective: 04-05 Use thedirect method to determine costof goods sold.
50.Award: 0 out of 1.00 point0 out of 1.00 pointVanwagenen Inc. has provided the following data for the month of April:Inventors:BeginningEndingWork in process$23,200 $30,000 Finished goods$49,400 $46,000 Additional information:Direct materials$79,000 Direct labor cost$140,000 Manufacturing overhead cost incurred$96,400 Manufacturing overhead cost applied to work in process$80,000 The cost of goods manufactured for April is:$302,400$299,000$292,200$315,400Direct materials$ 79,000 Direct labor140,000 Manufacturing overhead80,000 Total manufacturing cost299,000 Add: Beginning work in process23,200 322,200 Deduct: Ending work in process30,000 Cost of goods manufactured$292,200 TTUITTReferencesMultiple ChoiceLearning Objective: 04-06 Use theindirect method to determine costof goods sold.
51.Award: 0 out of 1.00 point0 out of 1.00 point52.Award: 0 out of 1.00 point0 out of 1.00 pointLambson Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closedto cost of goods sold at the end of the month. In January the company completed job Z65N that consisted of32,000 units of one of the company's standard products. No other jobs were in process during the month.The total manufacturing cost on job Z65N's job cost sheet was $1,974,400. The manufacturing overhead forthe month was underapplied by $15,800. During the month, 22,000 completed units from job Z65N weresold. No other products were sold during the month.The unit product cost for job Z65N is closest to:$89.75$61.70$62.19$61.21Total manufacturing cost for the jobs$1,974,400 Total number of units produced32,000 Unit product cost$61.70 ReferencesMultiple Choice