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Albany Company uses a job-order costing system and applies manufacturing overhead (MOH) based on direct labor cost (DLC). At the beginning of July, the following information was estimated: Estimated MOH $ 340,000 Estimated DLC $ 425,000 Partial activity posted during the month of July is shown in the T-accounts below: Raw Materials (All Direct) Work in Process Beg Bal $ 72,500 Beg Bal $ 73,000 Purchases 142,000 DM Used End Bal $ 69,450 Actual DLC 418,000 МОН End Bal $ 75,000 Manufacturing Overhead Finished Goods Actual Applied Beg Bal $ 3,000 COGM 2$ 316,250 End Bal $ 4,500 15 Cost of Goods Manufactured (COGM) for the month of July was: $ 892,400 $ 897,450 А. В. С. $ 877,300 D. $ 895,450 E. None of the above

Albany Company uses a job-order costing system and applies manufacturing overhead (MOH) based on direct labor cost (DLC). At the beginning of July, the following information was estimated: Estimated MOH $ 340,000 Estimated DLC $ 425,000 Partial activity posted during the month of July is shown in the T-accounts below: Raw Materials (All Direct) Work in Process Beg Bal $ 72,500 Beg Bal $ 73,000 Purchases 142,000 DM Used End Bal $ 69,450 Actual DLC 418,000 МОН End Bal $ 75,000 Manufacturing Overhead Finished Goods Actual Applied Beg Bal $ 3,000 COGM 2$ 316,250 End Bal $ 4,500 15 Cost of Goods Manufactured (COGM) for the month of July was: $ 892,400 $ 897,450 А. В. С. $ 877,300 D. $ 895,450 E. None of the above

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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10 Albany Company uses a job-order costing system and applies manufacturing overhead (MOH) based on direct labor cost (DLC). At the beginning of July, the following information was estimated: Estimated MOH $ 340,000 Estimated DLC $ 425,000 Partial activity posted during the month of July is shown in the T-accounts below: Raw Materials (All Direct) Work in Process Beg Bal $ 72,500 Beg Bal $ 73,000 Purchases 142,000 DM Used End Bal $ 69,450 Actual DLC 418,000 МОН End Bal $ 75,000 Finished Goods Manufacturing Overhead . Actual Applied Beg Bal $ 3,000 COGM ? ? $ 316,250 End Bal $ 4,500 15 Cost of Goods Manufactured (COGM) for the month of July was: A. $ 892,400 $ 897,450 $ 877,300 $ 895,450 В. С. D. E. None of the above 16 Reno Company has calculated that their break-even quantity is 60,000 units. They also estimated that the contribution per unit of their product is $8.00. Last quarter, they reported a loss of $10,000. How many units did they sell? Choose the closest number. A. 50,000 units 58,000 units 58,750 units 61,250 units В. С. D. E. None of the above
Transcribed Image Text:10 Albany Company uses a job-order costing system and applies manufacturing overhead (MOH) based on direct labor cost (DLC). At the beginning of July, the following information was estimated: Estimated MOH $ 340,000 Estimated DLC $ 425,000 Partial activity posted during the month of July is shown in the T-accounts below: Raw Materials (All Direct) Work in Process Beg Bal $ 72,500 Beg Bal $ 73,000 Purchases 142,000 DM Used End Bal $ 69,450 Actual DLC 418,000 МОН End Bal $ 75,000 Finished Goods Manufacturing Overhead . Actual Applied Beg Bal $ 3,000 COGM ? ? $ 316,250 End Bal $ 4,500 15 Cost of Goods Manufactured (COGM) for the month of July was: A. $ 892,400 $ 897,450 $ 877,300 $ 895,450 В. С. D. E. None of the above 16 Reno Company has calculated that their break-even quantity is 60,000 units. They also estimated that the contribution per unit of their product is $8.00. Last quarter, they reported a loss of $10,000. How many units did they sell? Choose the closest number. A. 50,000 units 58,000 units 58,750 units 61,250 units В. С. D. E. None of the above
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