1)Assume (1) estimated direct labor hours used to calculate the predetermined overhead rate = 20,000, (2) the estimated total manufacturing overhead cost = $100,000, (3) the actual manufacturing overhead costs incurred during the period = $103,000, and (4) manufacturing overhead is overapplied by $2,000. What is the actual number of direct labor-hours worked during the period?

Multiple Choice

• 22,200
• 21,000
• 19,000
• 20,200

2)Which of the following journal entries properly records the purchase of raw materials on account for $7,000?

Multiple Choice

	Debit	Credit
Raw Materials	7,000
Cost of Goods Sold		7,000

	Debit	Credit
Raw Materials	7,000
Accounts Payable		7,000

	Debit	Credit
Accounts Payable	7,000
Raw Materials		7,000

	Debit	Credit
Raw Materials	7,000
Manufacturing Overhead		7,000

3)Assume the following information from a schedule of cost of goods manufactured:

Total manufacturing costs to account for	$ 230,000
Ending work in process inventory	$ 22,000

What is the cost of goods manufactured?

Multiple Choice

• $241,000
• $252,000
• $219,000
• $208,000