Reference no: EM132859843
The following information pertains to Arp. Co's manufacturing operations:
Inventories 3/1 3/31
Direct materials 36,000 30,000
Work in process 18,000 12,000
Finished goods 54,000 72,000
Additional information for the month of March:
Direct materials purchased 84,000
Direct manufacturing labor 60,000
Direct manufacturing labor rate per hour 7.50
Factory overhead rate per direct labor hour 10.00
Problem 1: For the month of March, prime cost was
a. 90,000
b. 120,000
c. 144,000
d. 150,000
Problem 2: For the month of March, conversion cost was
a. 90,000
b. 120,000
c. 144,000
d. 170,000
Problem 3: For the month of March, cost of goods manufactured was
a. 218,000
b. 224,000
c. 230,000
d. 236,000
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