As of December 31, 2022, Bonita Industries had $3000 of raw materials inventory. At the beginning of 2022, there was $1700 of materials on hand. During the year, the company purchased $365000 of materials; however, it paid for only $313000. How much inventory was requisitioned for use on jobs during 2022? O $355900 O $363700 O $366300 O $353300

According to the information given in the table below, which of the following is Cost of Production?   Raw materials consumed 184000 Wages 56000 Factory overhead         37 % of prime cost Interest expense  9500 Taxes 3300   Select one: a. 339300 b. 341500 c. 336000 d. 328800

39. ABC Company reported 5,000 units of Product X valued at $520,000 in its ending finished goods inventory account. Accounting records indicated that ABC used 50,000 pounds of raw materials valued at $20,000 in making its finished goods inventory, 2000 hours of direct labor, and 10,000 hours of machine time. Earlier in the year, ABC established a predetermined overhead rate equal to $5 per machine hour. What is the total dollar amount of labor cost that comprises the $520,000 of ABC's ending finished goods inventory? O $530,000 O $540,000 O $440,000 O $550,000 O $450,000

19. Lito Fray Company produces potato chips. The company expects to sell 45,000 bags of chips for $3 each in 2018. The expected cost of potatoes is $0.60 per pound. Each bag of chips requires 1.8 pounds of potatoes. Direct labor is $0.20 per bag and manufacturing overhead is $0.65 for each bag. The following inventory levels apply to 2018 (there are no work in process inventories): Beginning Inventory 18,700 pounds 16,700 bags Ending Inventory 20,600 pounds 15,600 bags Pounds of potatoes (direct materials) Bags of chips (finished goods inventory) What is the expected cash expenditure for potato purchases in 2018? a. $48,552 b. $48,600 c. $49,740 d. $27,480 e. $28,140 f. $80,920 g. $50,604 h. None of the above

Moira Company has just finished its first year of operations. At year end, MOH allocated (or applied) was $435,000 and MOH control was $425,000. The firms decides to prorate the under or overapplied overhead based on the ending balances in the appropriate accounts.  Ending balances are:Materials inventory              $20,000WIP inventory                       40,000FG inventory                         80,000COGS                                680,000 After closing out the overhead accounts using the proration method, what is the balance in the FG inventory account?

Zapora Bhd manufactured smart watches. In November 2021, Zapora produced 2,200 watches with the following costs: Direct Materials                         $32,000 Direct Labour                              $13,000 Manufacturing Overheads      $27,000 Additional information: There is no opening or closing stock of work-in-progress (WIP) during the month of November.   Calculate Total Product Costs for 2,200 watches produced in November 2021 Select one: a. $45,000 b. $72,000 c. $32,000 d. $40,000

On November 30, 2022, there was a fire in the factory of Able Manufacturing Limited, where you work as the controller. The work in process inventory was completely destroyed, but both the materials and finished goods inventories were undamaged. Able uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2022, and November 30, 2022, follows:     October 31, 2022   November 30, 2022 Supplies (including both direct and indirect materials)   $ 79,250   $ 73,250 Work in process inventory       58,875                 ? Finished goods inventory       60,000       63,000 Cost of goods sold (year to date)     576,000     656,000 Accounts payable (relates to materials purchased only)       17,960       53,540 Manufacturing overhead incurred (year to date)     129,500     163,300 Manufacturing overhead applied     128,700                 ? Other information for November 2022:         Cash payments to…

Harith Company's industrial photo-finishing division, Rho, incurred the following cost and expenses in 2021: Direct Materials Direct Labor Factory Overhead General, selling and administrative Totals VARIABLE P200,000 150,000 70,000 30,000 P450,000 15% FIXED P42,000 48,000 P90,000 During 2021, Rho produced 300,000 units of industrial photo-prints, which were sold for P2.00 each. Oslo's investment in Rho was P500,000 and P700,000 at January 1 and December 31, 2021 respectively. Harith normally imputes interest on investment at 15% of average invested capital. For the year ended December 31, 2021, Rho's return on average investment was 10% 8.6% -5%