81
151)
Using the information below for Sundar Company; determine the total manufacturing costs added
during the current year:
Direct materials used
Direct labor used
Factory overhead
Beginning work in process
Ending work in process
A) $98,000. B) $79,000. C) $43,500. D) $98,600. E) $42,900.
152)
Using the information below for Sundar Company; determine the cost of goods manufactured during
the current year:
Direct materials used
Direct labor used
Factory overhead
Beginning work in process
Ending work in process
A) $79,000. B) $98,600. C) $43,500. D) $98,000. E) $42,900.
153)
Total manufacturing costs incurred during the year do not include:
A)
Direct labor.
B)
Depreciation of factory machinery.
C)
Direct materials used.
D)
Work in Process inventory, beginning balance.
E)
Factory supplies used.
154)
Which of the following accounts would appear on a schedule of cost of goods manufactured?
A)
Direct materials, indirect labor, sales salaries.
B)
Raw materials, work in process, finished goods.
C)
Direct labor, delivery equipment, and depreciation on factory equipment.
D)
Raw materials, factory insurance expired, indirect labor.
E)
Direct labor, factory repairs and maintenance, wages payable.
155)
Which of the following represents the correct formula for calculating cost of goods manufactured?
A)
Direct materials used + direct labor – factory overhead + beginning work in process – ending
work in process.
B)
Direct materials used + direct labor + factory overhead + beginning work in process + ending
work in process.
C)
Direct materials used + direct labor + factory overhead + beginning work in process – ending
work in process.
D)
Direct materials used + direct labor + factory overhead – beginning work in process – ending
work in process.
E)
Direct materials used + direct labor + factory overhead – beginning work in process + ending
work in process.
156)
Current information for the Healey Company follows:
Beginning raw materials inventory
$15,200
Raw material purchases
60,000
Ending raw materials inventory
16,600
Beginning work in process inventory
22,400
Ending work in process inventory
28,000
Direct labor
42,800
Total factory overhead
30,000
All raw materials used were traceable to specific units of product. Healey Company’s direct materials
used for the year is:
A) $75,200. B) $58,600. C) $76,600. D) $61,400. E) $60,000.
157)
Current information for the Healey Company follows:
Beginning raw materials inventory
$15,200
Raw material purchases
60,000
Ending raw materials inventory
16,600
Beginning work in process inventory
22,400
Ending work in process inventory
28,000
Direct labor
42,800
Total factory overhead
30,000
All raw materials used were traceable to specific units of product. Healey Company’s total
manufacturing costs for the year are:
A) $125,800. B) $128,600. C) $137,000. D) $139,000. E) $131,400.
158)
Current information for the Healey Company follows:
Beginning raw materials inventory
$15,200
Raw material purchases
60,000
Ending raw materials inventory
16,600
Beginning work in process inventory
22,400
Ending work in process inventory
28,000
Direct labor 90
42,800
Direct labor 42,800
Total factory overhead 30,000
All raw materials used were traceable to specific units of product. Healey Company’s Cost of Goods
Manufactured for the year is:
A) $125,800. B) $128,600. C) $137,000. D) $139,000. E) $131,400.
159)
The Duerr Company manufactures a single product. All raw materials used are traceable to specific
units of product. Current information for the Duerr Company follows:
Beginning raw materials inventory
$8,000
Ending raw materials inventory
11,000
Raw material purchases
85,000
Beginning work in process inventory
20,000
Ending work in process inventory
30,000
Direct labor
110,000
Total factory overhead
85,000
Beginning finished goods inventory
60,000
Ending finished goods inventory
40,000
The company’s cost of raw materials used, cost of goods manufactured and cost of goods sold is:
A)
Cost of Materials Used = $82,000
Cost of Goods Manufactured = $287,000
Cost of Goods Sold = $247,000
B)
Cost of Materials Used = $88,000
Cost of Goods Manufactured = $287,000
Cost of Goods Sold = $267,000
C)
Cost of Materials Used = $88,000
Cost of Goods Manufactured = $267,000
Cost of Goods Sold = $287,000
D)
Cost of Materials Used = $82,000
Cost of Goods Manufactured = $267,000
Cost of Goods Sold = $287,000
E)
Cost of Materials Used = $85,000
Cost of Goods Manufactured = $267,000
Cost of Goods Sold = $247,000
99
160)
The Richards Company manufactures a single product. All raw materials used are traceable to
specific units of product. Current information for the Richards Company follows:
Beginning raw materials inventory
$ 10,000
Ending raw materials inventory
12,000
Raw material purchases
90,000
Beginning work in process inventory
40,000
Ending work in process inventory
25,000
Direct labor
130,000
Total factory overhead
60,000
Beginning finished goods inventory
55,000
Ending finished goods inventory
45,000
The company’s cost of raw materials used, cost of goods manufactured and cost of goods sold is:
A)
Cost of Materials Used = $88,000
Cost of Goods Manufactured = $293,000
Cost of Goods Sold = $303,000
B)
Cost of Materials Used = $92,000
Cost of Goods Manufactured = $263,000
Cost of Goods Sold = $293,000
C)
Cost of Materials Used = $92,000
Cost of Goods Manufactured = $293,000
Cost of Goods Sold = $303,000
D)
Cost of Materials Used = $88,000
Cost of Goods Manufactured = $263,000
Cost of Goods Sold = $283,000
E)
Cost of Materials Used = $90,000
Cost of Goods Manufactured = $293,000
Cost of Goods Sold = $283,000