Recent Posts • Latest Topics • Unanswered Questions

Tyare Corporation had the following inventory balances at the beginning and end of May:May 1May ...

mregueral

wrote...

Go to Answer

Posts: 160

Rep:

A year ago

Tyare Corporation had the following inventory balances at the beginning and end of May:May 1May ...

Tyare Corporation had the following inventory balances at the beginning and end of May:

	May 1	May 30
Raw materials	$25,500	$30,000
Finished Goods	$75,000	$66,000
Work in Process	$13,500	$16,500

During May, $58,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,050 of direct materials cost. The Corporation incurred $42,000 of actual manufacturing overhead cost during the month and applied $39,600 in manufacturing overhead cost.

The actual direct labor-hours worked during May totaled:

▸ 2,800 hours

▸ 3,500 hours

▸ 3,300 hours

▸ 3,600 hours

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 56 times

1 Reply

Report

Replies

Answer verified by a subject expert

hizzy117

wrote...

Posts: 158

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

mregueral Author

wrote...

A year ago

Helped a lot

sakoon

wrote...

Yesterday

You make an excellent tutor!

annabananerz

wrote...

2 hours ago

This site is awesome

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1483 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

134

321

1082

Your Opinion

Previous poll results: Which is the best fuel for late night cramming?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.