As inventoriable costs expire, they become

If the manufacturing overhead costs applied to jobs worked on were greater than the actual manufacturing costs incurred during a period, overhead is said to be

Sportly, Inc. completed Job No. B14 during the year. The job cost sheet listed the following:How much is the cost of the finished goods on hand from this job?

As of December 31, Stand Still Industries had $2,500 of raw materials inventory. At the beginning of the year, there was $2,000 of materials on hand. During the year, the company purchased $375,000 of materials; however, it paid for only $312,500. How much inventory was requisitioned for use on jobs during the year?

A variable cost is a cost that

Tonneau Corporation had the following information available for October: ​ Work in Process, October 1 $20,000 Materials placed into production, October 27,500 Direct labor, October 37,500 ​ Factory overhead rate is 150 percent 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 October. What is the balance in Work-in-Process for Tonneau at the end of October?

Wood Company has beginning work in process inventory of $138,000 and total manufacturing costs of $477,000. If cost of goods manufactured is $480,000, what is the cost of the ending work in process inventory?

Dolan Company’s accounting records reflect the following inventories: During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. If Dolan Company’s cost of goods manufactured for 2017 amounted to $1,890,000, its cost of goods sold for the year is

Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:

Which one of the following is not considered as material costs?