15) Which account would be credited if the following labor wages were incurred in a furniture manufacturing company?
Assembly workers $20,000
Janitors $11,000
A) Work-in-Process Control, 31,000
B) Manufacturing Overhead Control, 31,000
C) Wages Payable Control, 31,000
D) Accounts Payable Control, 31,000
16) Manufacturing overhead costs incurred for the month are:
Utilities $45,000
Depreciation on equipment $27,000
Repairs $17,000
Which account is debited assuming utilities and repairs were on account?
A) Manufacturing Overhead Control, 89,000
B) Utilities Overhead Control, 45,000
C) Accumulated Depreciation Control, 27,000
D) Accounts Payable Control, 62,000
Direct materials inventory 3/1/2014
$105
Direct materials purchased
350
Direct materials available for production
455
Direct materials used
(395)
Direct materials inventory 3/31/2014
$60
Total manufacturing overhead costs
$485
Subtract: Variable manufacturing overhead costs
(245 )
Fixed manufacturing overhead costs for March 2014
$240
Total manufacturing costs incurred
$1,630
Less:
Direct materials
used
(395)
Total manufacturing overhead costs
(485)
Direct manufacturing labor costs for March
$750
Work-in-process inventory 3/1/2014
$205
Total manufacturing costs incurred
1,630
Work-in-process available for production
1,835
Cost of goods manufactured
(1,680)
Work-in-process inventory 3/31/2014
$155
Finished goods inventory 3/1/2014
$130
Cost of goods manufactured
1,680
Finished goods available for sale in March
$1,810
Finished goods available for sale in March
$1,810
Cost of goods sold
(1,760)
Finished goods inventory 3/31/2014
$50
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