The Following Account Balances at the Beginning of January Were

question 319

Multiple Choice

The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: Additional data:
1) Actual manufacturing overhead for January amounted to $62,900.
2) Total direct labor cost for January was $63,600.
3) The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $248,000 of direct labor cost and $322,400 of manufacturing overhead costs.
4) The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5800 (1400 direct labor hours) and total direct material charges were $15,000.
5) Cost of direct materials placed in production during January totaled $123,700. There were no indirect material requisitions during January.
6) January 31 balance in raw materials inventory was $35,000.
7) Finished goods inventory balance on January 31 was $35,200.
What is the cost of goods manufactured for January?

• A)$269,980
• B)$236,223
• C)$241,640
• D)$207,883

Analyze the function of criminal law in protecting the interests of the affluent and powerful through conflict theory.

Recognize the limitations of biological theories in considering environmental factors in crime.

Distinguish between various criminological theories and their views on criminal behavior prevention, control, and elimination.

Comprehend how nutritional deficiencies could be seen from a biological perspective in contributing to anti-social behavior.

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Definitions:

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.

Income Statement

A financial document that provides a summary of a company's revenues, expenses, and profits over a specific period, detailing its ability to generate earnings.

Leverage

The use of various financial instruments or borrowed capital, such as debt, to increase the potential return of an investment.

Return On Stockholders' Equity

A measure of a company's profitability that calculates how many dollars of profit are generated for each dollar of shareholders' equity.