QUESTION:9.2 THE FOLLOWING COSTS WERE INCURRED IN MARCH: DIRECT MATERIALS DIRECT LABOR $38,000 $29,000 MANUFACTURING OVERHEAD $21,000 SELLING EXPENSES ADMINISTRATIVE EXPENSES $17,000 $32,000 CONVERSION COSTS DURING THE MONTH TOTALLED

provide the correct answr

Direct materials $47,900 Direct labor $36,000 Manufacturing overhead $30,200 Selling expenses $20,800 Administrative expenses $32,300  Conversion costs during the month totaled:   Multiple Choice   $66,200   $78,100   $167,200   $83,900

The following costs were incurred in May: Direct materials $ 47,900 $ 36,000 $ 30,200 $ 20,800 $ 32,300 Direct labor Manufacturing overhead Selling expenses Administrative expenses Conversion costs during the month totaled:

Smartsets manufactures headphone cases. During September 2024, the company produced and sold 105,000 cases and recorded the following cost data: E (Click the icon to view the cost data.) Read the requirements. Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor, and identify whether each variance is favorable (F) or unfavorable (U). (Abbreviations used: AC = actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQ = standard quantity.) Formula Variance Direct materials cost variance Direct labor cost variance %3D

The following costs were incurred in May: Direct materials $44,600 Direct labor $28,900 $18,400 Manufacturing overhead Selling expenses Administrative expense $23,200 $35,000 Prime costs during the month totaled: Multiple Choice $150,100 O $91,900 $47,300 $73,500

Direct materials issued to production $170,000Indirect materials issued to production $45,000Other manufacturing overhead $255,000Overhead allocated $240,000Direct labour costs $80,000 Is the manufacturing overhead under- or over-applied? By how much?

None

Absorption- and Variable-Costing Income Statements San Mateo Optics, Inc., specializes in manufacturing lenses for large telescopes and cameras used in space exploration. As the specifications for the lenses are determined by the customer and vary considerably, the company uses a job-order costing system. Manufacturing overhead is applied to jobs on the basis of direct labor hours, utilizing the absorption- or full-costing method. San Mateo's predetermined overhead rates for 20x1 and 20x2 were based on the following estimates. 20x1 20x2 Direct labor hours 32,500 44,000 Direct labor cost $325,000 $462,000 Fixed manufacturing overhead $130,000 $176,000 Variable manufacturing overhead $162,500 $198,000 Jim Cimino, San Mateo's controller, would like to use variable (direct) costing for internal reporting purposes as he believes statements prepared using variable costing are more appropriate for making product decisions. In order to explain the benefits of variable costing to the other…

Sharp Enterprises Inventories: March 1 March 31 Raw Material $18,000 $15,000 Work in process 9,000 6,000 Finished Goods 27,000 36,000 Additional information for March:  Raw material purchased $42,000 Direct labor payroll 30,000 Direct labor rate per hour 7.50 Overhead rate per direct labor hour 10.00 Refer to Sharp Enterprises. For March, prime cost incurred was?