all 70%4G+11:54X Company reported total manufacturingcosts of $300,000, manufacturingoverhead totaling $52,000, and directmaterials totaling $64,000. How much wasthe wages of the assembly line workers? *$116,000$416,000$184,000None of the aboveWhich one of the following does not appearon the balance sheet of a manufacturingcompany? *Finished goods inventoryWork in process inventoryCost of goods manufacturedRaw materials inventoryNone of the above all 70%4G+11:55docs.google.com/forms/d/e/112Cost of goods manufacturedRaw materials inventoryNone of the aboveX Company manufactures tables. Thefollowing pertains to Job No.100: *Direct materials used$18,800Direct labor hours worked600Direct labor rate per hour$16Machine hours used400Applied factory overhead rate per machine hour$30What is the total manufacturing cost for Job No.100?$40,400$43,200$46,400O None of the aboveManagers at X company think machinehours is the best activity base for

The answers with explanation are as follows :-

Answered: Which one of the following does not…

Business

Accounting

Which one of the following does not appear on the balance sheet of a manufacturing company? *

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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Question

all 70%
4G+
11:54
X Company reported total manufacturing
costs of $300,000, manufacturing
overhead totaling $52,000, and direct
materials totaling $64,000. How much was
the wages of the assembly line workers? *
$116,000
$416,000
$184,000
None of the above
Which one of the following does not appear
on the balance sheet of a manufacturing
company? *
Finished goods inventory
Work in process inventory
Cost of goods manufactured
Raw materials inventory
None of the above

all 70%
4G+
11:55
docs.google.com/forms/d/e/11
2
Cost of goods manufactured
Raw materials inventory
None of the above
X Company manufactures tables. The
following pertains to Job No.100: *
Direct materials used
$18,800
Direct labor hours worked
600
Direct labor rate per hour
$16
Machine hours used
400
Applied factory overhead rate per machine hour
$30
What is the total manufacturing cost for Job No.100?
$40,400
$43,200
$46,400
O None of the above
Managers at X company think machine
hours is the best activity base for

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