1) Baker Corporation applies manufacturing overhead on the basis of direct labor hours At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $93,960 and 2,900 estimated direct labor hours Actual manufacturing overhead for the year amounted to $96,160 and actual direct labor hours were 2,800 The applied manufacturing overhead for the year was closest to which of the following a) $95,568 b) $87,744 c) $90,720 d) $92,400 2) Compute the amount of raw materials used during August if $15,000 of raw materials were purchased during the month and the inventories were as follows Inventories Balance August 1 Balance August 31 Raw materials $3,300 $2,800 Work in process $10,000 $15,000 Finished goods $40,000 $25,000 a) $21,100 b) $15,000 c) $15,500 d) $17,800 3) Job 593 was recently completed The following data have been recorded on its job cost sheet Direct materials $2,461 Direct labor hours 74 labor hours Direct labor wage rate $ 18 per labor hour Machine hours 137 machine hours The Corporation applies manufacturing overhead on the basis of machine hours The predetermined overhead rate is $19 per machine hour The total cost that would be recorded on the job cost sheet for Job 593 would be a) $7,236 b) $3,793 c) $3,720 d) $6,396 4) Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $54,000 and the total of the credits to the account was $65,000 Which of the following statements is true a) Manufacturing overhead for the month was underapplied by $11,000 b) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $54,000 c) Manufacturing overhead applied to Work in Process for the month was $65,000 d) Actual manufacturing overhead incurred during the month was $65,000

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1) Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined

1) Baker Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $93,960 and 2,900 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $96,160 and actual direct labor-hours were 2,800. The applied manufacturing overhead for the year was closest to which of the following?

a) $95,568

b) $87,744

c) $90,720

d) $92,400

2) Compute the amount of raw materials used during August if $15,000 of raw materials were purchased during the month and the inventories were as follows:

Inventories	Balance August 1	Balance August 31
Raw materials	$3,300	$2,800
Work in process	$10,000	$15,000
Finished goods	$40,000	$25,000

a) $21,100

b) $15,000

c) $15,500

d) $17,800

3) Job 593 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials	$2,461
Direct labor-hours	74	labor-hours
Direct labor wage rate	$ 18	per labor-hour
Machine-hours	137	machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $19 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:

a) $7,236

b) $3,793

c) $3,720

d) $6,396

4) Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $54,000 and the total of the credits to the account was $65,000. Which of the following statements is true?

a) Manufacturing overhead for the month was underapplied by $11,000

b) Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $54,000.

c) Manufacturing overhead applied to Work in Process for the month was $65,000

d) Actual manufacturing overhead incurred during the month was $65,000