Dapper Corporation Had Only One Job in Process on May

question 27

Multiple Choice

Dapper Corporation had only one job in process on May 1. The job had been charged with $3,400 of direct materials, $4,640 of direct labor, and $9,200 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May, the following activity was recorded: Work in process inventory on May 30 contains $7,540 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.
The balance in the raw materials inventory account on May 30 was:

• A)$33,500
• B)$2,000
• C)$40,000
• D)$6,500

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Definitions:

Minor

A person under the legal age of adulthood, which varies by jurisdiction, typically below 18 years old.

Apprentice

A person who is learning a trade from a skilled employer, having agreed to work for a fixed period at low wages.

Binding Written Contract

A legal document between two or more parties that is enforceable by law and outlines the terms and conditions of an agreement.

Restatement Of Contracts

A comprehensive compilation that clarifies, organizes, and illustrates the principles of contract law in the United States, helping courts and attorneys apply these principles.