On June 1, 2012, Dalton Production Company Had Beginning Balances

question 163

Multiple Choice

On June 1, 2012, Dalton Production Company had beginning balances as shown in the T-accounts below. During June, the following transactions took place:
June 2: Issue $2,400 of direct materials and $200 of indirect materials to production.
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Following this transaction, what was the balance in the Manufacturing overhead account?

• A) $43,600
• B) $43,400
• C) $41,200
• D) $41,000

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Definitions:

Lifecycle Costs

The total cost of owning or operating a product, system, or facility over its entire life, including acquisition, operating, and disposal costs.

Purchase/Acquisition Cost

The total expense incurred in obtaining a good or service, including the purchase price and associated costs.

E-procurement

The use of electronic methods, typically through internet-based applications, to conduct transactions and purchase goods and services.

Procuring Supplies

The process of obtaining materials, goods, and services needed for operations, production, or resale.