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:

Providing Alternatives

Offering different options or choices as solutions to a particular problem or issue.

Limiting Freedom

The act of restricting individual choices, actions, or liberty.

Buffer

A protective barrier or cushion that reduces the impact of a negative outcome or message.

Cultural Differences

The variations in norms, values, beliefs, and practices observed among individuals from different backgrounds or societies.