1)Crane Company uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2017 totaled $20000 of materials, $16000 of direct labor costs, and $13000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $22000, and the ending balance is $16000. During the year, the company completed 25 machines. How much is the cost per machine?

a)$2840

b) $1960

c) $2200

d) $1720

2)For Sunland Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $300000 of factory labor costs are incurred of which $70000 is indirect labor. Actual overhead incurred was $290000. The amount of overhead debited to Work in Process Inventory should be:

a) $210000

b) $230000

c) $290000

d) $161000

3)Waterway Industries provided the following information from its accounting records for 2017:

Expected production 80000 labor hours

Actual production 76000 labor hours

Budgeted overhead $2200000

Actual overhead $1940000

How much is the overhead application rate if Waterway Industries bases it on direct labor hours?

a) $27.50 per hour

b) $28.95 per hour

c) $25.53 per hour

d) $24.25 per hour

4)Sunland Company manufactures customized desks. The following pertains to Job No. 978:

Direct materials used $10450

Direct labor hours worked 360

Direct labor rate per hour $15.00

Machine hours used 300

Applied factory overhead rate per machine hour $22.00

What is the total manufacturing cost for Job No. 978?

a) $20650

b) $23950

c) $25750

d) $22450

5)Marigold Corp. applies overhead on the basis of 150% of direct labor cost. Job No. 176 is charged with $100000 of direct materials costs and $225000 of manufacturing overhead. The total manufacturing costs for Job No. 176 is

a) $575000.

b) $375000.

c) $475000.

d) $325000.

6)Sheffield Corp. provided the following information from its accounting records for 2017.

Expected production 20000 labor hours

Actual production 16000 labor hours

Budgeted overhead $1100000

Actual overhead $1060000

How much is the overhead application rate if Sheffield Corp. bases the rate on direct labor hours?

a) $53.00 per hour

b) $68.75 per hour

c) $66.25 per hour

d) $55.00 per hour

7)Concord Corporation's accounting records reflect the following inventories:

Dec. 31, 2017 Dec. 31, 2016

Raw materials inventory $310000 $260000

Work in process inventory 300000 160000

Finished goods inventory 190000 150000

During 2017, $720000 of raw materials were purchased, direct labor costs amounted to $751500, and manufacturing overhead incurred was $768000.

If Concord Corporation's cost of goods manufactured for 2017 amounted to $2049500, its cost of goods sold for the year is

a) $2159500.

b) $1909500.

c) $2089500.

d) $2009500.

8)Bonita Industries's accounting records reflect the following inventories:

Dec. 31, 2016 Dec. 31, 2017

Raw materials inventory $ 89000 $ 71000

Work in process inventory 106000 118000

Finished goods inventory 100000 92000

During 2017, Bonita purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000.

How much raw materials were transferred to production during 2017 for Bonita?

a) $1379000

b) $1468000

c) $1432000

d) $1450000