12

During 2018, Adams expected Job No. 59 to cost $700,000 of overhead, $1,000,000 of materials, and $500,000 in labor. Adams applied overhead based on direct labor cost. Actual production required an overhead cost of $580,000, $1,200,000 in materials used, and $450,000 in labor. All of the goods were completed. How much is the amount of over- or underapplied overhead?

Select one:

A. $50,000 underapplied

B. $50,000 overapplied

C. $120,000 underapplied

D. $120,000 overapplied

E. None of the above.

13.

In the month of June, a department had 30,000 units in beginning work in process that were 90% complete. During June, 80,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for materials for June were

Select one:

A. 100,000 equivalent units.

B. 110,000 equivalent units.

C. 114,000 equivalent units.

D. 90,000 equivalent units.

E. None of the above.

14.

In the month of June, a department had 30,000 units in beginning work in process that were 70% complete. During June, 80,000 units were transferred into production from another department. At the end of June there were 10,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for June were

Select one:

A. 80,000 equivalent units.

B. 90,000 equivalent units.

C. 104,000 equivalent units.

D. 110,000 equivalent units.

E. None of the above.