The following data apply to Stratford Ltd 
Calculate the amount of direct materials used during the year.
A) $36 500
B) $42 500
C) $47 500
D) $53 500
Correct Answer:
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Q1: The debit side of the manufacturing overhead
Q2: Under Australian accounting standards, manufactured products are
Q4: A predetermined overhead rate is calculated as
Q5: To transfer work in process inventory to
Q6: Which of the following statements is not
Q7: If a manufacturer underestimated the manufacturing overhead
Q8: The following data apply to Stratford Ltd
Q9: Manufacturing costs consist of:
A) direct materials.
B) conversion
Q10: As production takes place, all manufacturing costs
Q11: Cost of goods sold is closed into
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