Question

QUESTION 1 Find the best answer. You can use each answer more than once Houses M & Ms Movies staples - business cards paper letterhead homogeneous product Direct Labor Manufacturing Overhead A Job Order Costing B. equivalent units C. conversion cost D. Process Costing equal number of units QUESTION 2 On a piece of paper make a statement of Cost of Goods Manufactured and find TWO correct answers. Direct materials $30,000. Direct Labor $15,000. Manufacturing Overhead 5000 Beginning work in process $10000 Ending work in process S2000 total cost of goods manufactured is $52.000 total manufacturing costs are $50,000 total cost of goods manufactured is $58.000 total manufacturing costs are $58.000 total manufacturing costs are $42000 QUESTION 3 First I used $10,000 in direct material making my product Then I used $20,000 in direct labor Lastlused 35000 in manufactuing overhead Then I sold my product the journal entries in order Cost of goods sold 35000 Finished Goods Inventory 35000 Work in process inventory 10000 Raw Materials 10000 Work in process inventory 20000 Factory Payroll 20000

Answer 1

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