Rodriguez,Inc

question 149

Multiple Choice

Rodriguez,Inc.had the following balances and transactions during 2017,from January 1 to December 31:

What would be reported for Ending Merchandise Inventory on the balance sheet at December 31,2017 if the perpetual inventory system and the weighted-average inventory costing method are used? (Round unit costs to two decimal places and total costs to nearest dollar. )

• A)$33,040
• B)$16,200
• C)$32,400
• D)$48,600

---

Definitions:

Total Overhead Variance

The difference between total actual and applied overhead.

Direct Labor Hours

The total hours worked by employees directly involved in the manufacturing process, often used to allocate labor costs to products.

Quantity Variances

The difference between the expected and actual number of units used or produced, which can affect costing and budgeting assessments.

Price Variance

The difference between the actual price paid for a purchase and the standard or expected price, usually applied to direct materials or direct labor costs.