Lanyard Company Uses a Job-Order Costing System to Account for Product

question 124

Multiple Choice

Lanyard Company uses a job-order costing system to account for product costs. The following information pertains to 2018: $$\begin{array} { l r } \text { Materials placed into production } & \$ 140,000 \\\text { Indirect labor } & 40,000 \\\text { Direct labor (10,000 hours) } & 160,000 \\\text { Depreciation of factory buil ding } & 60,000 \\\text { Other factory overhead } & 100,000 \\\text { Increase in work-in-process inventory } & 30,000\end{array}$$
Factory overhead rate is $18 per direct labor hour.
What is the total amount credited to Materials Inventory for Lanyard in 2018?

• A)$480,000
• B)$170,000
• C)$140,000
• D)$110,000

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An outdated medical term formerly used to describe a psychological disorder characterized by extreme emotionality and attention-seeking behaviors.