San Diego State University Operations And Supply Chain Management Assignment Help - Goods

Question - 8) For last year, Lewisburn Manufacturing reported the following:
Revenue $420,000
Beginning inventory of direct materials, January 1 22,000
Purchases of direct materials 146,000
Ending inventory of direct materials, December 31 16,000
Direct manufacturing labor 18,000
Indirect manufacturing costs 40,000
Beginning inventory of finished goods, January 1 35,000
Cost of goods manufactured 104,000
Ending inventory of finished goods, December 31 36,000
Operating costs 140,000



What was Lewisburn's operating income?
A) $76,000 B) $177,000 C) $128,000 D) $280,000
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9) For last year, Lewisburn Manufacturing reported the following:
...Read More Revenue $420,000
Beginning inventory of direct materials, January 1 22,000
Purchases of direct materials 146,000
Ending inventory of direct materials, December 31 16,000
Direct manufacturing labor 18,000
Indirect manufacturing costs 40,000
Beginning inventory of finished goods, January 1 35,000
Cost of goods manufactured 104,000
Ending inventory of finished goods, December 31 36,000
Operating costs 140,000



How much of the above would be considered period costs for Lewisburn Manufacturing?
A) $140,000 B) $246,000 C) $104,000 D) $390,000

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10) Rodney Worsham is paid $10 an hour for straight-time and $15 an hour for overtime. One week
he worked 45 hours, which included 5 hours of overtime, and 3 hours of idle time caused by material
shortages. Compensation would be reported as:

A) $450 of direct labor and $25 of manufacturing overhead
B) $445 of direct labor and $30 of manufacturing overhead
C) $420 of direct labor and $55 of manufacturing overhead
D) $370 of direct labor and $105 of manufacturing overhead
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