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The Zig-Zag Company manufactures zippers for many clothing manufacturers

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The Zig-Zag Company manufactures zippers for many clothing manufacturers. Costs for 2008 were direct materials, $5,000; indirect materials, $1,600; direct labor, $12,000; and indirect labor, $4,000. Additional expenses for the year were factory utilities $3,500; depreciation of factory equipment, $1,300, advertising expense, $900; delivery expense on sales to customers, $1,700; and property taxes on factory buildings, $5,200. Which amount is the company's manufacturing overhead for 2008? a. $15,600 b. $17,300 c. $11,600 d. $10,000 7. Which of the following costs should NOT be considered when making a future decision? Fixed costs b. Sunk costs c. Indirect costs d. Opportunity costs 8. Which of the following principles are the LEAST uniform and are NOT mandatory? Financial reporting principles b. Management accounting principles Tax reporting principles d. All the above are about equally uniform and mandatory 9. Work-in-Process Inventory is credited when: a. Raw materials are used in production b. Closing entries are made Manufactured goods are sold d. Manufactured goods are completed 10. Producing outside the relevant range can result in: a. Lower direct labor costs b. Higher direct materials costs c. Expected differences in per-unit variable and total fixed costs d. None of these are correct 11. The schedule of cost of goods manufactured for the Cutler Company shows the following balances for the ye ended July 31, 2009: $ 440,000 Raw materials used in production 280,000 Direct labor 375,000 230,000 Applied manufacturing overhead Ending work-in-process inventory 1,125,000 C. Cost of goods manufactured a. The beginning work-in-process inventory was: $260,000 b. $220,000 $30,000 d. $635,000 c.