13-

Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $28,000; direct materials, $48,000; and factory overhead applied $5,800. The overhead application rate was:

20.71%.

17.14%.

12.08%.

482.76%.

4.83%.

14-Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. If Job M-47 used $365 of materials and took 20 hours of labor to complete, what is the total cost that should be assigned to the job?

Multiple Choice

$845.

$605.

$725.

$600.

$965.

15-A company has an overhead application rate of 127% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $19,000?

Multiple Choice

$24,130.

$19,000.

$12,065.

$14,961.

$241,300.

16-Andrew Industries purchased $168,000 of raw materials on account during the month of March. The beginning Raw Materials Inventory balance was $22,600, and the materials used to complete jobs during the month were $143,700 of direct materials and $13,300 of indirect materials. What is the ending Raw Materials Inventory balance for March?

Multiple Choice

$46,900.

$11,600.

$9,300.

$24,300.

$33,600.

17-Following is a partial process cost summary for Mitchell Manufacturing's Canning Department.

Equivalent Units of Production	Direct Materials					Conversion
Units Completed and transferred out			72,000					72,000
Units in Ending Work in Process:
Direct Materials (15,000 * 100%)			15,000
Conversion (15,000 * 80%)								12,000
Equivalent Units of Production			87,000					84,000
Cost per Equivalent Unit
Costs of beginning work in process		$	43,500				$	63,800
Costs incurred this period			145,300					195,400
Total costs		$	188,800				$	259,200
Cost per equivalent unit		$	2.17	per EUP			$	3.09	per EUP

The total materials costs transferred out of the Canning Department equals:

Multiple Choice

$188,790.

$182,280.

$188,800.

$222,480.

$156,240.

18-Lowden Company has an overhead application rate of 156% and allocates overhead based on direct material cost. During the current period, direct labor cost is $59,000 and direct materials used cost $89,000. Determine the amount of overhead Lowden Company should record in the current period.

Multiple Choice

$57,051.

$89,000.

19-The B&T Company's production costs for May are: direct labor, $15,000; indirect labor, $6,700; direct materials, $15,200; property taxes on production facility, $820; factory heat, lights and power, $1,020; and insurance on plant and equipment, $220. B&T Company's factory overhead incurred for May is:

$2,060.

$8,760.

$6,700.

$38,960.

$21,900.

$37,821.

$59,000.

$138,840.

20-Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department:

Equivalent units of productiondirect materials		121,000	EUP
Equivalent units of productionconversion		104,400	EUP
Costs in beginning Work in Processdirect materials	$	64,600
Costs in beginning Work in Processconversion	$	47,500
Costs incurred in Februarydirect materials	$	546,300
Costs incurred in Februaryconversion	$	686,200

The cost per equivalent unit of production for direct materials is:

Multiple Choice

$4.51

$5.85

$10.19

$5.67

$5.05

21-Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $2,310,000 (210,000 hours at $11/hour) and that factory overhead would be $1,510,000 for the current period. At the end of the period, the records show that there had been 190,000 hours of direct labor and $1,210,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.)

Multiple Choice

$7.95 per direct labor hour.

$6.43 per direct labor hour.

$6.84 per direct labor hour.

$7.19 per direct labor hour.

$5.76 per direct labor hour.