Daane Company Had Only One Job in Process on May

question 151

Multiple Choice

Daane Company had only one job in process on May 1. The job had been charged with $1,000 of direct materials, $3,302 of direct labor, and $5,382 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $20.70 per direct labor-hour.
During May, the following activity was recorded:

Work in process inventory on May 30 contains $2,921 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.
-The cost of goods manufactured for May was:

• A)$78,500
• B)$78,100
• C)$77,150
• D)$74,822

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Definitions:

Chronically High

A state of consistently elevated levels of a particular substance or condition in the body, which can have various health implications.

Hormones

Chemical messengers secreted by glands in the body, responsible for regulating physiological processes including growth, metabolism, and mood.

Endorphins

Natural chemicals produced in the brain that interact with opioid receptors to reduce perception of pain and boost feelings of pleasure or contentment.