20. The labor costs that have been identified as indirect labor should be charged to A) salary expense. B) direct labor. C) the individual jobs worked on. D) manufacturing overhead 21. Penner Company reported total manufacturing costs of $450,000, manufacturing overhead totaling $78,000, and direct materials totaling $96,000. How much is direct labor cost? A) $624,000 B) $354,000 C) $276,000 D) Cannot be determined from the information provided. 22. A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is 66,000 A) Work In Process Inventory B) C) D) Direct Materials Manufacturing Overhead Manufacturing Overhead Work In Process Inventory Raw Materials Inventory Raw Materials Inventory Raw Materials Inventory 9,000 75,000 66,000 66,000 75,000 75,000 66,000 Indirect Materials 9,000 Work in Process Inventory 75,000 23. At the beginning of the year, Monroe Company estimates annual overhead costs to be $2,400,000 and that 300,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 315,000 hours is A) $2.400,000. B) $2,285,714. C) $2,520,000. D) $1,680,000. Version 4 Page 6