Wriphoff Company Uses a Standard Cost System to Collect Costs

question 67

Multiple Choice

Wriphoff Company uses a standard cost system to collect costs related to the production of its clay bud vases. Manufacturing overhead at Wriphoff is applied to production on the basis of standard direct labor-hours. The overhead standards used at Wriphoff are as follows: The standards above were based on an expected annual volume of 40,000 bud vases or 36,000 direct labor-hours. The actual results for last year were as follows:
-What total amount of manufacturing overhead cost (variable and fixed) did Wriphoff apply to the 35,600 vases produced during last year?

• A) $512,640
• B) $548,000
• C) $564,800
• D) $569,600

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Definitions:

Posterior Intercostal

Refers to the blood vessels and nerves running along the bottom of the ribs at the back of the thorax, involved in supplying the intercostal spaces.

Common Iliac Artery

A large artery that divides into the internal and external iliac arteries, supplying blood to the pelvis and lower limbs.

Bifurcation

Bifurcation refers to the process or point at which a structure divides into two branches or parts, often used in reference to blood vessels or branching patterns in biology.

Abdominal Aorta

The largest artery in the abdominal cavity that delivers oxygen-rich blood to the abdominal organs, pelvis, and legs.