Exam 2: Systems Design: Job-Order Costing

During the month of May,Bennett Manufacturing Company purchased $43,000 of raw materials.Total manufacturing overhead was$27,000 and the total manufacturing costs were $106,000.Assuming a beginning inventory of raw materials of $8,000 and an ending inventory of raw materials of $6,000,direct labour was:

Last month,when 10,000 units of a product were manufactured,the cost per unit was $60.At this level of activity,variable costs are 50% of total unit costs.If 10,500 units are manufactured next month and cost behaviour patterns remain unchanged the?

During January,the cost of goods manufactured was $93,000.The beginning finished goods inventory was $16,000 and the ending finished goods inventory was $20,000.What was the cost of goods sold for the month?

Property taxes and insurance premiums paid on a factory building are examples of manufacturing overhead.

If CD Company were to sell 50,000 units,the total expected cost per unit would be (Do not round intermediate calculations.Round the final answer to two decimal places):

Using the following data,calculate the beginning work in process inventory. The beginning work in process inventory is:

Williams Company's direct labour cost is 25% of its conversion cost.If the manufacturing overhead cost for the last period was $45,000 and the direct materials cost was $25,000,the direct labour cost was:

The gross margin for Cushing Company for the first quarter of last year was $325,000 when sales were $700,000.The beginning inventory of finished goods was $60,000 and the ending inventory of finished goods was $85,000.The cost of goods manufactured for the first quarter would have been:

Jimbob Company has two business alternatives - A & B with different total annual costs as set out below: Additionally,if alternative B is chosen the business will have to use some space for its own purposes that is currently being rented to an outside business for $5,000 per year. What are the total differential costs between the two alternatives?

Which one of the following costs should NOT be considered an indirect cost of serving a particular customer at a Dairy Queen fast food outlet?

The salary of the president of a manufacturing company would be classified as which of the following?

The cost of goods manufactured or the year (in thousands of dollars)was:

Which of the following statements regarding fixed costs is incorrect?

Prime cost consists of direct materials combined with:

The prime cost was:

The following costs relate to one month's activity in Martin Company:

The cost of the raw materials used in production during the year (in thousands of dollars)was:

The following data have been taken from the accounting records of Jimbob Co.for the year.

In a manufacturing company,goods available for sale equals the sum of the cost of goods manufactured and the beginning finished goods inventory.

The following costs should be considered by a law firm to be indirect costs of defending a particular client in court: rent on the law firm's offices,the law firm's receptionist's wages,the costs of heating the law firm's offices,and the depreciation on the personal computer in the office of the attorney who has been assigned the client.