38. What is the amount of total manufacturing cost? A. $50,500. B. $52,000. C. $56,400. D. $58,500..

38.
What is the amount of total
manufacturing cost?
A.
$50,500.

B.
$52,000.
C.
$56,400.
D.
$58,500.

39.
What is the amount of net sales?
A.
$68,500.

B.
$94,000.
C.
$72,500.
D.
$75,000.

Tierney Construction, Inc. recently lost
a portion of its financial records in an office theft. The following accounting
information remained in the office files:
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Direct
labor cost incurred during the period amounted to 2.5 times the factory
overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate
the following accounts and to report to him by the end of tomorrow.

43.
What should be the amount of direct
materials used?
A.
$15,000.

B.
$29,000.
C.
$20,000.
D.
$24,000.

44.
What should be the amount of direct
materials purchased?
A.
$28,000.

B.
$19,000.
C.
$15,000.
D.
$12,000.

45.
What should be the amount in the
finished goods inventory at December 31, 2013?
A.
$55,500.
B.
$35,000.
C.
$43,000.
D.
$49,000.

46.
What should be the amount of total
manufacturing cost?
A.
$83,000.

B.
$94,000.
C.
$104,000.
D.
$75,000.

Stephenson Company’s computer system
recently crashed, erasing much of the Company’s financial data. The following
accounting information was discovered soon afterwards on the CFO’s back-up
computer disk.
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The
CFO of Stephenson Company has asked you to recalculate the following accounts
and report to him by week’s end.

47.
What should be the amount of direct
materials used?
A.
$112,000.

B.
$183,000.
C.
$189,000.
D.
$204,000.

48.
What should be the amount of direct
materials available for use?
A.
$112,000.

B.
$183,000.
C.
$189,000.
D.
$204,000.

49.
What should be the amount in the
finished goods inventory at the beginning of the year?
A.
$15,000.

B.
$45,000.
C.
$55,000.
D.
$61,000.

50.
What should be the amount of total
manufacturing cost?
A.
$340,000.

B.
$350,000.
C.
$380,000.
D.
$395,000.

 

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