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Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $70.000 and at the end of the month was $31,800. The cost of goods manufactured for the month manufacturing overhead cost incurred was 560,400 and the manufacturing overhead cost applied to Work in Process was $65,200. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is: Multiple Choice 0 $254.400 0 $182,800 0 $259,200 0 $221000 Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 22,020 hours and the total estimated manufacturing overhead was $550,500. At the end of the year, actual direct labor-hours for the year were 21,800 hours and the actual manufacturing overhead for the year was $550.500. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $5,550 overapplied O $5,550 underapplied O $5,500 underapplied 0 $5,500 overapplied At the beginning of the year, manufacturing overhead for the year was estimated to be $1.052700. At the end of the year, actual direct labor hours for the year were 36,400 hours, the actual manufacturing overhead for the year was $990,000, and manufacturing overhead for the year was overapplied by $65,600. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 34,138 direct labor-hours 36,300 direct labor hours O 36,400 direct labor hours 31,876 direct labor hours Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,600 of direct materials, $6,966 of direct labor, and $10,160 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $20.00 per direct labor-hour. During May, the following activity was recorded: Ooo Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurr Inventories: Raw materials, May 30 Work in process, May 30 WNW co ONS Nin Raw materials consist solely of items that are classified as direct Work in process inventory on May 30 contains $3,885 of direct labor materials. The cost of goods manufactured for May was
