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1. S oly li completdJob No Bl4 during 2019. Thejob cost et following Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $110,000

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1. S oly li completdJob No Bl4 during 2019. Thejob cost et following Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $110,000 $60,000 $40,000 3,000 units 1,800 units How much is the cost of the finished goods on hand from this job? A) $210,000 B) $102,000 C) 84,000 D) $126,000 2. Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $180,000 of direct materials costs and $200,000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is: A) S560,000 B) $480,000 C) $380,000 D) $580,000 3. Vektek, Inc, thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2,050,000. The company used 1,000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $2,100,000. The budgeted machine hours for the year totaled 20,000. How much overhead should be applied to Job No. B12? A) $105,000 B) $102,500 C) $2,100 D) $2,050 Version 4 Page 1

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