Wright corporation had the following information available for december of the current year: work in process, december 1 $20,000 materials placed into production, december 27,500 direct labor, december 37,500 plantwide overhead rate is 150% of direct labor costs. job cost sheets had the following balances: job z1 $32,500 job z2 55,000 job z3 35,000 job z4 18,750 jobs z3 and z4 were not completed at the end of december. what is the balance in work-in process for wright at the end of december? select one:
a. $85,000
b. $87,500
c. $56,250
d. $53,750

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Go follow my instagram atx_humberto