Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wayland manufacturing uses a normal cost system an

Wayland Manufacturing uses a normal cost system and had the following data available for...

80.2K

Verified Solution

Question

Accounting

  1. Wayland Manufacturing uses a normal cost system and had the following data available for 2010: Direct materials purchased on account $148,000 Direct materials requisitioned 82,000 Direct labor cost incurred 130,000

Factory overhead incurred 146,000 Cost of goods completed 292,000 Cost of goods sold 256,000 Beginning direct materials inventory 26,000 Beginning WIP inventory 64,000 Beginning finished goods inventory 58,000

Overhead application rate, as a percent of direct-labor costs 125% The ending balance of direct materials inventory is_____?

  1. $82,000
  2. $108,000
  3. $174,000
  4. $92,000
  5. None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

RWE Enterprises: Expansion Project Analysis RWE Enterprises, Inc. (RWE) is a small manufacturing firm located in...

Finance
Q

Consider the equation: x2 y''-6y=0 A. Could you solve this ODE using Homogeneous Linear Equations with Constant...

Basic Math
Q

Consider the following reaction between oxides of nitrogen:NO 2 1 g 2 + N 2 O...

Chemistry
Q

You are a single molecule of glucose. Describe ALL of the anatomy that you would see,...

Medical Sciences
Q

age I leave you love I leave you hope I leave you the challenge of...

Biology
Q

a Develop a Matlab function decimal2binary that converts a decimal number z into a binary...

Basic Math
Q

Compute d u v relative to the Euclidean norm the sum norm and the max...

Algebra
Q

Sneed Corporation issues 13,600 shares of $52 par preferred stock for cash at $64 per...

Accounting
Q

Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Selling...

Accounting
Q

1. At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages...

Accounting
Q

1) In light of the added hidden costs discussed previously, determine what ticket prices Subrata...

Accounting
Q

please answer this asap as time is limited ...

Accounting