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:

Nerve Cells

Specialized cells which are the primary components of the nervous system, responsible for transmitting electrical nerve impulses and communicating between different parts of the body.

Cell Cycle

Cyclic series of events in the life of a dividing eukaryotic cell; consists of mitosis, cytokinesis, and the stages of interphase.

Chromosomes

Structures within cells that contain genetic information in the form of DNA, crucial for inheritance and cell division.

S Phase

Stage in interphase of the cell cycle during which DNA and other chromosomal constituents are synthesized. Compare with G1 phase and G2 phase.