1. The Thomlin Company forecasts that total overhead for the current year will be $11,514,000 with 159,000 total machine hours. Year to date, the actual overhead is $7,788,000 and the actual machine hours are 97,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is

Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

a.$804,000 overapplied

b.$1,206,000 overapplied

c.$1,206,000 underapplied

d.$804,000 underapplied

2.

The journal entry to record the transfer of 1,200 units of part number 1177 with a value of $1.20 each, to work in process is

a.

Materials	1,440
Work in Process		1,440

b.

Work in Process	1,440
Factory Overhead		1,440

c.

Work in Process	1,440
Cash		1,440

d.

Work in Process	1,440
Materials		1,440

3. Selected accounts with some amounts omitted are as follows

Work in Process
Oct. 1	Balance	24,200	Oct. 31	Finished goods	X
31	Direct materials	90,900
31	Direct labor	190,900
31	Factory overhead	X

Finished Goods
Oct. 1	Balance	14,100
31	Goods finished	323,700

If the balance of Work in Process on October 31 is $199,300, what was the amount of factory overhead applied in October?

a.$90,900

b.$190,900

c.$414,400

d.$217,000

4. The controlling account for the job cost sheets is

a.Work in Process

b.Cost of Goods Sold

c.Finished Goods

d.Materials