1/ The cost of goods sold for November after allocation of any underapplied or overapplied manufacturing overhead for the month is ?
2/ What was Chipata's underapplied or overapplied overhead for the year?
3/The overapplied or underapplied manufacturing for the year was?
4/The amount of manufacturing overhead that would have been applied to all jobs during the period is?
5/What predetermine overhead rate would be used in DeptA and DeptB, respectively?
6/ The journal entry to record allocation of any underapplied or overapplied manufacturing overhead for June would include which of the followings?
Relth Inc. has provided the following data for the month of November. There were no beginning Inventorles: consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $1,850 3,510 1,560 $6,920 Finished Goods $10,440 22,620 7,800 $40,860 Cost of Goods Sold $ 58,560 126,880 42,640 $228,080 Total $ 70,850 153,610 52,600 $275,860 Manufacturing overhead for the month was overapplied by $4,000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The cost of goods sold for November after allocation of any underapplied or overapplied manufacturing overhead for the month is closest to: Chipata Corporation applies manufacturing overhead to jobs on the basis of machine-hours. Chipata estimated 25 machine-hours and $11,300 of manufacturing overhead. What was Chipata's underapplied or overapplied overhead for the year? Multiple Choice 0 C) $1,300 underappiled 0 $820 underappiled 0 $480 overappiled 0 $1,300 overapplied Dukes Corporation used a predetermined overhead rate this year of $2 per direct labor-hour, based on an estimate of 20.000 direct labor-hours to be worked during the year. Actual costs and activity during the year were: Actual manufacturing overhead cost incurred Actual direct labor-hours worked $38, eee 18,500 The overapplied or underapplied manufacturing for the year was: Multiple Choice O $1,000 overapplied 0 $3.000 overapplied O $3.000 underappiled 0 $1.000 underappies Krler Corporation uses a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $738,000 and 30.000 direct labor-hours for the period. The company Incurred actual total fixed manufacturing overhead of $792,000 and 31,500 total direct labor-hours during the period. The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O $774.900 $738,000 o ooo O $831.600 $54.000 The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost In Dept A and on machine-hours In Dept. B. At the beginning of the year. the Corporation made the following estimates: Direct labor cost Manufacturing overhead Direct labor-hours Machine-hours Dept. A Dept. B $60,eee $4e, eee $9e,eee $45, eee 6,eee 9, eee 2,000 15,000 What predetermined overhead rates would be used in Dept. A and Dept. B, respectively? Multiple Choice 0 67% and $5.00 0 150% and $5.00 0 150% and 53.00 0 67% and 53.00 Centore Inc. has provided the following data for the month of June. There were no beginning Inventorles: consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. Direct materials Direct labor Manufacturing overhead applied Total Work In Process $ 650 2,180 930 $3,760 Finished Goods $ 7,590 20,700 7,130 $35,420 Cost of Goods Sold $ 24,860 67,888 22,940 $ 115,600 Total $ 33,180 90,680 31, eee $154,780 Manufacturing overhead for the month was underapplied by $3.000. The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the overhead applied during the month in those accounts. The Journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for June would include the following: Multiple Choice O credit to Cost of Goods Sold of $115.600 O debit to Cost of Goods Sold of $2.220 O credit to Cost of Goods Sold of $2.220
