Reference no: EM132633950

Question 1 - MadMax Company manufactures customized desks. The following pertains to Job No. 987:

Direct materials used $11,450

Direct labor hours worked 360

Direct labor rate per hour $15.00

Machine hours used 300

Applied factory overhead rate per machine hour $22.00

What is the total manufacturing cost for Job No. 987?

Question 2 - Kline Manufacturing has the following labor costs:

Factory-Gross wages $500,000

Factory-Net wages 450,000

Employer Payroll Taxes Payable 50,000

The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for

As of December 31, 2017, Ortiz Industries had $2,500 of raw materials inventory. At the beginning of 2017, there was $2,000 of materials on hand. During the year, the company purchased $375,000 of materials; however, it paid for only $372,500. How much inventory was requisitioned for use on jobs during 2017?