Figure 5-8

question 146

Multiple Choice

Figure 5-8.John's Water Slides makes custom water slides for hotels. On September 1, there were three jobs in process, Jobs 812, 813, and 814. Two more jobs were started during September, Jobs 815 and 816. By September 30, Jobs 812, 814, and 816 were finished. The following data has been collected:
Overhead is applied at the rate of 120% of direct labor cost. Jobs are sold at cost plus 60%. Selling and administrative expenses for September totaled $2,950. By September 30, Jobs 812 were 816 are sold, but the customer who ordered Job 814 decided he did not want the slide so it is still in the warehouse.
-Refer to Figure 5-8. Calculate the ending balance in Work-in-Process as of September 30.

• A) $2,222
• B) $1,700
• C) $1,961
• D) $3,555.20
• E) $1,392

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Definitions:

Militant

Characterized by a vigorous and sometimes aggressive activism in support of a political or social cause.

Selma-to-Montgomery March

A series of three protest marches in 1965 that were instrumental in the passage of the Voting Rights Act, exemplifying the civil rights movement.

SNCC Worker

An individual associated with the Student Nonviolent Coordinating Committee, a civil rights group in the 1960s that played a major role in the struggle for racial equality in the United States.

Voting Rights

The entitlement of individuals to participate in the electoral process, often encompassing the right to vote in elections.