ASDesign Corporation Reports the Following Cost Information for March What Is the Amount of Manufacturing Overhead Incurred by the

question 99

Multiple Choice

A.S.Design Corporation reports the following cost information for March: $$\begin{array} { | l | r | } \hline \text { Cost of Goods Manufactured } & \$ 75,000 \\\hline \text { Finished Goods Inventory, March 1 } & 4,000 \\\hline \text { Finished Goods Inventory, March 31 } & 2,650 \\\hline \text { Work-in-Process Inventory, March 1 } & 9,670 \\\hline \text { Work-in-Process Inventory, March 31 } & 1,000 \\\hline \text { Direct Labor } & 36,000 \\\hline \text { Direct Materials Used } & 16,900 \\\hline\end{array}$$ What is the amount of manufacturing overhead incurred by the company in March?

• A)$30,330
• B)$138,570
• C)$13,430
• D)$12,430

Recognize the significance of sensory receptors in detecting environmental changes.

Understand the distinction between well-structured and ill-structured problems.

Recognize the application and limits of programmed decision-making.

Identify the characteristics and applications of rules and standard operating procedures in decision making.

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Definitions:

Materials Handling

The moving, protection, storage, and control of materials and products throughout manufacturing, warehousing, and distribution.

Direct Labor-Hours

The total hours of labor work directly on manufacturing the goods or providing the services, used for allocating labor costs to products or services.

Prefab Barns

Pre-engineered buildings designed for agricultural or storage purposes, which come in kits for quick and easy assembly.

Traditional Costing

An accounting method that allocates overhead costs to products based on a predetermined rate, often using direct labor hours or machine hours as the base.