13. Maverick Company applies manufacturing overhead based on 80 of direct labor cost For January. Maverick incurred $30,000 of direct labor costs. The amount of manufacturing overhead applied was a. $18,000 b. $24,000 c. 330.000 d. 336,000 e. none of the above Answers 14. During the current month, Mankato Company completed Job USB. USB cost $30,000. The entry recording the completion of Job USB Job a. increases Finished Goods Inventory and increase Work in Process Inventory b. increases Finished Goods Inventory and reduces Work in Process Inventory c. reduces Finished Goods Inventory and increases Work in Process Inventory d. reduces Finished Goods Inventory and reduces Work in Process Inventory e. none of the above Answer: 15. During the current month, Stomper Company completed Job MSU at a cost of $30,000. Job MSU was sold on account for $40,000. The entries recording the sale of Job MSU a. increases Accounts Receivable b. increase Finished Goods Inventory c. increases Sales d. A and B e. A and C Answers 16. The actual manufacturing overhead costs (costs incurred) were 390,000, and the applied manufacturing overhead (costs assigned) were $100,000. The manufacturing overhead was a. over-applied by $10,000 b. over-applied by $100,000 c. underapplied by $10,000 d. under-applied by $90,000 e. none of the above pemidstate learn.minnstate.edu/d2/common/assets/pdfs/1.0_ndered-pdfstullscreen-d21-fileviewer rendered-pdf-dialogSheight=7590