Use the Information Below to Answer the Following Question(s)

question 13

Multiple Choice

Use the information below to answer the following question(s) .
Waterside Sports Equipment Company's work in process inventory on June 1 has a balance of $21,500 representing Job No. 151. During June, $52,000 of direct materials were requisitioned for Job No. 151 and $31,000 of direct labour cost was incurred on Job No. 151. Manufacturing overhead is allocated at 120% of direct labour cost. Actual manufacturing overhead costs incurred in June amounted to $42,000. No new jobs were started during June. Job No. 151 is completed on June 28.
-What is the total cost assigned to Job No. 151 at Waterside Sports Equipment Company?

• A) $141,700
• B) $130,333
• C) $146,500
• D) $37,200

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Definitions:

Predicate

In grammar, the part of a sentence or clause containing a verb that states something about the subject. In logic, the property or characteristic affirmed or denied about the subject of a statement.

Similarity

The state of being alike or having common features or characteristics.

Deductive Step

A step in reasoning in which one proceeds logically from premises to a definite conclusion, ensuring the conclusion necessarily follows.

Evidence

Information or facts that are used to support a belief, conclusion, or argument.