Canmore Company has the following data pertaining to 2018: ​ Beginning materials inventory $ 50,000 Beginning work-in-process inventory 0 Beginning finished goods inventory 0 Materials placed into production 125,000 Materials purchased on account 137,500 Direct labor incurred (10,000 hours) 62,500 Cost of goods completed (Job BB8) 25,000 ​ Factory overhead rate is 125 percent of direct labor costs. What is the ending materials inventory balance for Canmore in 2018?

Dual rates combine the fixed and variable costs.

__________ explain changes in cost factors other than changes in units produced.

Costs of normal spoilage are included in overhead and applied to all good units produced.

In job-order costing, departmental overhead rates and activity-based costing affect only the application of __________ .

Beginning inventory consisted of 1,000 units with costs of $31,000. All materials and 60 percent of labor and overhead were added in the prior period. In addition, another 8,000 units were started and completed. Unit costs are materials, $8.00; labor, $20.00; overhead, $9.00. What is the total cost of goods transferred out using FIFO?

Assuming all other things are the same, if there was an increase in the break-even point variable cost per unit must have:

Classifying activities into four general categories facilitates product costing by associating the response to different types of activity drivers.

For the receiving department, transferred in goods are added at the __________ of the process.

In calculating equivalent units of production using the weighted average method, the transferred-in goods are treated as materials added at the beginning of the process.