1-3 (11-13)

11. Wayne Companys beginning and ending inventories for the month of June were as follows:

June 1 June 30

Work in Process.........$145,000 $171,000

Finished Goods..........$85,000 $78,000 Production data for the month as as follows: Direct labor cost incurred- $200,000, Direct labor hours-$25,000, Actual manufacturing overhead cost incurred-$132,000, Direct materials-$170,000. Wayne applies manufacturing overhead cost to jobs based on direct labor hours and the predetermined rate is $5.75 per direct labor hour. The company does not close underapplied or overapplied amnufacturing overhead to cost of goods sold until the end of the year. What is the amount of cost of goods manufactuered? A $508,750 B. $502,000 C. $585,000 D. $487,750

12. Buzhardt Inc which used job order costing has provided the foloowing data for Feb: Direct material-$63,000, Direct labor cost-$81,000, Manufacturing overhead cost incurred-$45,000, Manufacturing overhead cost applied-$41,000. Inventories: Beginning Ending Work in process $11,000 $21,000 Finished Goods $42,000 $48,000 The cost of goods manufactured for Feb is closet to: A.$185,000 B.$189,000 C.$175,000 D.$179,000

13. Baka 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 $239,700 and 4700 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor hours were 4600. THe predetermined overhead rate for the year was closest to: A.$52.61 B.$49.91 C.$51.00 D.$51.49