Examlex

Solved

Use the Following Information to Compute the Total Manufacturing Costs

question 80

Multiple Choice

Use the following information to compute the total manufacturing costs incurred during the period:
 Beginning raw materials $5,500 Ending raw materials 4,000 Direct labor 12,250 Raw material purchases 7,400 Depreciation on factory equipment 6,500 Factory repairs and maintenance 3,300 Beginning finished goods inventory 10,200 Ending finished goods inventory 8,900 Beginning goods in process inventory 5,700 Ending goods in process inventory 6,300\begin{array} { l r } \text { Beginning raw materials } & \$ 5,500 \\\text { Ending raw materials } & 4,000 \\\text { Direct labor } & 12,250 \\\text { Raw material purchases } & 7,400 \\\text { Depreciation on factory equipment } & 6,500 \\\text { Factory repairs and maintenance } & 3,300 \\\text { Beginning finished goods inventory } & 10,200 \\\text { Ending finished goods inventory } & 8,900 \\\text { Beginning goods in process inventory } & 5,700 \\\text { Ending goods in process inventory } & 6,300\end{array}


Definitions:

Trademark Confuses

Situations where a trademark is so similar to another that it could mislead the public or cause confusion between the products or services offered.

Infringement

Infringement is the violation of a law or a right, often used in the context of intellectual property, where it refers to unauthorized use of protected works, patents, or trademarks.

Trade Secrets Act

Legislation designed to protect confidential business information from being disclosed or taken without permission.

Confidential Information

Any data or information that is proprietary to a company and not generally known to the public, which if disclosed, could potentially harm the business.

Related Questions