1 Adams Manufacturing allocates overhead to production on the basis of direct labor costs At the beginning of the year, Adams estimated total overhead of $396,000 materials of $410,000 and direct labor of $220,000 During the year Adams incurred $418,000 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs Compute the predetermined overhead rate Multiple Choice 180 0 184 0 55 6 186 0 96 6 2 Minstrel Manufacturing uses a job order costing system During the month, Minstrel purchased $198,000 of raw materials on credit issued materials to production of $195,000 of which $30,000 were indirect Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor Minstrel uses a predetermined overhead rate of 150 of direct labor cost The journal entry to record indirect labor cost is Multiple Choice Debit Factory Overhead $40,000 credit Factory Wages Payable $40,000 Debit Factory Overhead $110,000 credit Factory Wages Payable $110,000 Debit Work in Process Inventory $40,000 credit Factory Wages Payable $40,000 Debit Work in Process Inventory $40,000 credit Cash $40,000 Debit Factory Overhead $40,000 credit Work in Process Inventory $40,000 3 Oxford Company uses a job order costing system This month, the system accumulated labor time tickets totaling $24,600 for direct labor and $4,300 for indirect labor The journal entry to record direct labor consists of a Multiple Choice Debit Work in Process Inventory $24,600 credit Factory Wages Payable $24,600 Debit Payroll Expense $24,600 credit Cash $24,600 Debit Payroll Expense $24,600 credit Factory Wages Payable $24,600 Debit Work in Process Inventory $4,300 credit Factory Wages Payable $4,300 Debit Work in Process Inventory $28,900 credit Factory Wages Payable $28,900

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1.Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $396,000;

1.Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of $396,000; materials of $410,000 and direct labor of $220,000. During the year Adams incurred $418,000 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs. Compute the predetermined overhead rate.

Multiple Choice

180.0%.
184.0%.
55.6%.
186.0%.
96.6%.

Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record indirect labor cost is:

Multiple Choice

Debit Factory Overhead $40,000; credit Factory Wages Payable $40,000.
Debit Factory Overhead $110,000; credit Factory Wages Payable $110,000.
Debit Work in Process Inventory $40,000; credit Factory Wages Payable $40,000.
Debit Work in Process Inventory $40,000; credit Cash $40,000.
Debit Factory Overhead $40,000; credit Work in Process Inventory $40,000.

Oxford Company uses a job order costing system. This month, the system accumulated labor time tickets totaling $24,600 for direct labor and $4,300 for indirect labor. The journal entry to record direct labor consists of a:

Multiple Choice