1. [The following information applies to the questions displayed below.]
    

If the cost of goods manufactured for the year was $396,000, what was the cost of goods sold for the year?

1. Yang Corporation recently computed total product costs of $579,000 and total period costs of $480,000, excluding $41,000 of sales commissions that were overlooked by the company’s administrative assistant. On the basis of this information, Yang’s income statement should reveal operating expenses of:

1. The accounting records of Diego Company revealed the following costs, among others:
    

Calculate the total manufacturing overhead for the company.

1. Carolina Plating Company reported a cost of goods manufactured of $523,000, with the firm’s year-end balance sheet revealing work in process and finished goods of $76,000 and $140,000, respectively. If supplemental information disclosed raw materials used in production of $87,000, direct labor of $141,000, and manufacturing overhead of $241,000, the company’s beginning work in process must have been:

1. The accounting records of Dolphin Company revealed the following information:

Dolphin’s cost of goods sold is:

1. [The following information applies to the questions displayed below.]

10_29_2012

If purchases of raw materials were $150,000 during the year, what was the amount of raw materials used during the year?

1. Hot’lanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company’s utilities cost. The company’s relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:
    
    

Using the high-low method, the utilities cost associated with 1,030 machine hours would be: