1.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 72,200 Estimated variable manufacturing overhead $3.10 per machine-hour Estimated total fixed manufacturing overhead $838,750 The predetermined overhead rate for the recently completed year was closest to: $14.72 $9.30 $8.61 $6.79

2.

Cerrone Inc. has provided the following data for the month of July. The balance in the Finished Goods inventory account at the beginning of the month was $55,000 and at the end of the month was $42,800. The cost of goods manufactured for the month was $264,000. The actual manufacturing overhead cost incurred was $134,600 and the manufacturing overhead cost applied to Work in Process was $129,000. The adjusted cost of goods sold that would appear on the income statement for July is:

$276,200

$281,800

$270,600

$251,800

3.

Job 593 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials	$2,461
Direct labor-hours	74	labor-hours
Direct labor wage rate	$ 18	per labor-hour
Machine-hours	137	machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $19 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be:

$6,396

$3,720

$3,793

$7,236