1.Brusveen Corporation applies manufacturing overhead to jobs on the basis of direct labor-hours. The following information relates to Brusveen for last year:

Estimated Actual

Direct labor-hours 15,000 14,800

Manufacturing overhead cost $300,000 $287,120

What was Brusveen's underapplied or overapplied overhead for last year?

a. $4,000 underapplied

b. $8,880 underapplied

c. $8,880 overapplied

d. $9,000 underapplied

2. At the beginning of December, Sneeden Corporation had $32,000 of raw materials on hand. During the month, the Corporation purchased an additional $71,000 of raw materials. During December, $75,000 of raw materials were requisitioned from the storeroom for use in production. The credits entered in the Raw Materials account during the month of December total:

a. $32,000

b. $75,000

c. $71,000

d. $103,000

Record the proper journal entry for questions 3-5.

3. Raw Materials were requisitioned for use in production $90,000 ($75,000 Direct Materials, $15,000 Indirect Materials)

4. Labor costs were incurred and paid in cash in the factory $65,500 ($35,000 Direct Labor)

Record the proper Journal entry

5. Miscellaneous manufacturing overhead costs were incurred and paid in cash for $275,000

6. Beginning finished goods inventory was $130,000. The cost of goods manufactured for the month was $760,000. The ending finished goods inventory was $150,000. What was the cost of goods sold for the month?

1. $ 20,000
2. $740,000
3. $780,000
4. $760,000