Zinger Corporation Had the Following Information Available for March of the Current

question 54

Multiple Choice

Zinger Corporation had the following information available for March of the current year: $\begin{array}{lr}\text { Work in process, March } 1 & \$ 20,000 \\\text { Materials placed into production, March } & 27,500 \\\text { Direct labour, March } & 37,500\end{array}$ The factory overhead rate is 150% of direct labour costs.Job cost sheets had the following balances: $$\begin{array} { r r } \text { Job Z1 } & \$ 32,500 \\\text { Job Z2 } & 55,000 \\\text { Job Z3 } & 35,000 \\\text { Job Z4 } & 18,750\end{array}$$ Jobs Z3 and Z4 were not completed at the end of March.What is the balance in work in process for Zinger at the end of March?

• A) $53,750
• B) $56,250
• C) $85,000
• D) $87,500

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