Question Details

Amelia Company used a predetermined overhead rate 



1.	Amelia Company had the following information for the year:
  
Direct materials used		$295,000
Direct labor incurred (9,000 hours)	$245,000
Actual manufacturing overhead incurred 	$343,000

Amelia Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,000. What was cost of goods manufactured? 
A. $841,000
B. $860,000
C. $883,000
D. $900,000
 
2.	Amelia Company had the following information for the year:
 
Direct materials used		$295,000
Direct labor incurred (9,000 hours)	$245,000
Actual manufacturing overhead incurred 	$343,000

Amelia Company used a predetermined overhead rate using estimated overhead of $320,000 and 8000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods Inventory balance of $19,000. What was adjusted cost of goods sold? 
A. $900,000
B. $883,000
C. $881,000
D. $864,000
 
 
3.	Alcatraz Corp has the following information:
  
	Beginning inventory
(1/1)	Ending inventory
(12/31)
Raw material inventory	$ 20,000	$30,000
Work in process inventory	$15,000	$18,000
Finished goods inventory 	$30,000	$20,000

Additional information for the year is as follows:
  
Raw materials purchases	$100,000
Direct labor	$75,000
Manufacturing overhead applied	$80,000
Indirect materials	$0

Compute the direct materials used in production. 
A. $20,000
B. $30,000
C. $110,000
D. $90,000
 
4.	Alcatraz Corp has the following information:
  
	Beginning inventory
(1/1)	Ending inventory
(12/31)
Raw material inventory	$ 20,000	$30,000
Work in process inventory	$15,000	$18,000
Finished goods inventory 	$30,000	$20,000

Additional information for the year is as follows:
  
Raw materials purchases	$100,000
Direct labor	$75,000
Manufacturing overhead applied	$80,000
Indirect materials	$0

Compute the current manufacturing costs. 
A. $245,000
B. $255,000
C. $65,000
D. $68,000
 
 
5.	Alcatraz Corp has the following information:
  
	Beginning inventory
(1/1)	Ending inventory
(12/31)
Raw material inventory	$ 20,000	$30,000
Work in process inventory	$15,000	$18,000
Finished goods inventory 	$30,000	$20,000

Additional information for the year is as follows:
  
Raw materials purchases	$100,000
Direct labor	$75,000
Manufacturing overhead applied	$80,000
Indirect materials	$0

Compute the cost of goods manufactured. 
A. $248,000
B. $242,000
C. $265,000
D. $235,000




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