Which one of the following does not appear on the balance sheet of a manufacturing company? *

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 10MC: Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the...
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4G+
11:54
X Company reported total manufacturing
costs of $300,000, manufacturing
overhead totaling $52,000, and direct
materials totaling $64,000. How much was
the wages of the assembly line workers? *
$116,000
$416,000
$184,000
None of the above
Which one of the following does not appear
on the balance sheet of a manufacturing
company? *
Finished goods inventory
Work in process inventory
Cost of goods manufactured
Raw materials inventory
None of the above
Transcribed Image Text:all 70% 4G+ 11:54 X Company reported total manufacturing costs of $300,000, manufacturing overhead totaling $52,000, and direct materials totaling $64,000. How much was the wages of the assembly line workers? * $116,000 $416,000 $184,000 None of the above Which one of the following does not appear on the balance sheet of a manufacturing company? * Finished goods inventory Work in process inventory Cost of goods manufactured Raw materials inventory None of the above
all 70%
4G+
11:55
docs.google.com/forms/d/e/11
2
Cost of goods manufactured
Raw materials inventory
None of the above
X Company manufactures tables. The
following pertains to Job No.100: *
Direct materials used
$18,800
Direct labor hours worked
600
Direct labor rate per hour
$16
Machine hours used
400
Applied factory overhead rate per machine hour
$30
What is the total manufacturing cost for Job No.100?
$40,400
$43,200
$46,400
O None of the above
Managers at X company think machine
hours is the best activity base for
Transcribed Image Text:all 70% 4G+ 11:55 docs.google.com/forms/d/e/11 2 Cost of goods manufactured Raw materials inventory None of the above X Company manufactures tables. The following pertains to Job No.100: * Direct materials used $18,800 Direct labor hours worked 600 Direct labor rate per hour $16 Machine hours used 400 Applied factory overhead rate per machine hour $30 What is the total manufacturing cost for Job No.100? $40,400 $43,200 $46,400 O None of the above Managers at X company think machine hours is the best activity base for
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ISBN:
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