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tensa zangetsu [6.8K]
3 years ago
10

The following data pertains to Lam Co.'s manufacturing operations: Inventories 4/1 4/30 Direct Materials $ 18,000 $ 15,000 Work

in Process 9,000 6,000 Finished Goods 27,000 36,000 Additional information for the month of April: Direct materials purchased $ 32,000 Direct labor 30,000 Direct labor rate per hour 10.00 Factor overhead incurred 40,000 Overhead is applied at $12 per direct labor hour. For the month of April, conversion cost incurred was:
Business
1 answer:
Sliva [168]3 years ago
5 0

Answer: $65000

Explanation:

For the month of April, the conversion cost that was incurred would be calculated as:

Beginning inventory of Direct Materials = $18000

Add: Purchase = $32000

Total cost of Direct Materials available = $50000

Less: Ending inventory of Direct Material = $15000

Therefore, Direct material used:

= $50000 - $15000 = $35000

Add: Direct labor = $30000

Conversion cost incurred = $35000 + $30000 = $65000

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Answer:

The correct option is B,$198,000

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Invariably,the net realizable value of accounts receivable is $198,000($200,000- $2,000).

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4 years ago
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True

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3 years ago
Suppose that weekly output is worth $1000, and labor and materials costs are $300 and $200,respectively. What is the multifactor
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4 0
4 years ago
Andrew Industries purchased $165,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor
Y_Kistochka [10]

Answer:

d. $141,000

Explanation:

As the following information is given

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3 years ago
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