16) 16) What journal entry is made in a job-order costing system when $8,00o of materials are requisitioned for general factory use instead of for use in a particular job? A) Work in Process B) Work in Process C) Manufacturing Overhead D) Manufacturing Overhead A) Option A Manufacturing Overhead Raw Materials Work in Process Raw Materials $8,000 s8,000 $8,000 $8,000 $8,000 $8,000 8.000 $8.000 C) Option C $8,000 B) Option B D) Option D 17) 17) On the Schedule of Cost of Goods Manufactured, the final Cost of Goods Manufactured figure represents: A) the amount of cost of goods completed during the current year whether they were started before or during the current year. B) the amount of cost charged to Work in Process during the period. C) the amount of cost placed into production during the period. D) the amount of cost transferred from Finished Goods to Cost of Goods Sold during the period. 18) Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 74,000 $7.67 per machine-h $1,630,960 The predetermined overhead rate for the recently completed year was closest to: A) $7.67 B) $29.59 C) $29.71 D) 22.04 19) Sawyer Manufacturing Corporation uses a predetermined overhead rate based 19) on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 57,000 actual direct labor-hours and incurred $345,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 55,00odirect labor-hours during the year and incur $330,00o of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was: A) overapplied by $15,000 C) overapplied by $3,000 B) underapplied by $3,0o0 D) underapplied by $15,000