Tyare Corporation Had the Following Inventory Balances at the Beginning

question 145

Multiple Choice

Tyare Corporation had the following inventory balances at the beginning and end of May: During May, $65,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 430 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,700 of direct materials cost. The Corporation incurred $43,950 of actual manufacturing overhead cost during the month and applied $43,500 in manufacturing overhead cost.The actual direct labor-hours worked during May totaled:

• A) 2,930 hours
• B) 3,663 hours
• C) 3,625 hours
• D) 5,160 hours

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Definitions:

Antelopes

A diverse group of hoofed mammals belonging to the Bovidae family, known for their speed and agility.

Rodents

A large group of mammals characterized by a single pair of continuously growing incisors in each of the upper and lower jaws, including rats, mice, and squirrels.

Freshwater Fish

Fish species that live in rivers, lakes, and streams, differing from those in marine environments in terms of habitat and salinity tolerance.

Extinct

A term describing species that no longer exist anywhere on Earth.