The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for manufacturing costs. The data relate to April operations

A) Materials and supplies were requisitioned from the stores clerk as follows:

Job 405, material X, $9,000.
Job 406, material X, $5,000; material Y, $8,000.
Job 407, material X, $9,000; material Y, $5,200.
For general factory use: materials A, B, and C, $4,300.

B) Time tickets for the month were chargeable as follows:

Job 405 $24,500 5,000 hours
Job 406 $16,000 5,600 hours
Job 407 $10,000 3,900 hours
Indirect labor $5,700

C) Other information:

Factory paychecks for $38,700 were issued during the month. Various factory overhead charges of $21,400 were incurred on account. Depreciation of factory equipment for the month was $7,400. Factory overhead was applied to jobs at the rate of $5.20 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $4,100. Factory overhead is closed out only at the end of the year.

The end of the month Work-in-Process Inventory balance would be:

a. $37,440.
b. $44,480.
c. $70,100.
d. $114,580.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600