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Answer the Following Questions Using the Information Below:
Wayland Manufacturing

question 89

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Answer the following questions using the information below:
Wayland Manufacturing uses a normal cost system and had the following data available for 2010:
 Direct materials purchased on account $148,000 Direct materials requisitioned 82,000 Direct labor cost incurred 130,000 Factory overhead incurred 146,000 Cost of goods completed 292,000 Cost of goods sold 256,000 Beginning direct materials inventory 26,000 Beginning WIP inventory 64,000 Beginning finished goods inventory 58,000 Overhead application rate, as a percent of direct-labor costs 125 percent \begin{array}{lr}\text { Direct materials purchased on account } & \$ 148,000 \\\text { Direct materials requisitioned } & 82,000 \\\text { Direct labor cost incurred } & 130,000\\\\\text { Factory overhead incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000\\\\\text { Beginning direct materials inventory } & 26,000 \\\text { Beginning WIP inventory } & 64,000 \\\text { Beginning finished goods inventory } & 58,000 \\\text { Overhead application rate, as a percent of direct-labor costs } & 125 \text { percent }\end{array}
-The ending balance of direct materials inventory is ________.

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Definitions:

Variability

The degree to which data points in a dataset differ from each other and from their mean, showing the spread or dispersion within the set.

Skewness

A measure of the asymmetry of the probability distribution of a random variable about its mean.

Kurtosis

A measure of the "tailedness" of the probability distribution of a real-valued random variable, indicating the sharpness of the peak of a frequency-distribution curve.

Variability

A measure of how spread out or dispersed the scores in a set of data are.

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