Question
22). Mixing dept has 7000 labor hours and $35000 in total overhead. Bottling dept has 2000 machine hours and $20000 in total overhead. The predetermined
22). Mixing dept has 7000 labor hours and $35000 in total overhead. Bottling dept has 2000 machine hours and $20000 in total overhead. The predetermined overhead rate per machine hour in the bottling dept is:
a).$10.00 b).$5.00 c).$6.11 d).$10.15
23).Estimates: 30,000 labor hours; 1,400 machine hours; $40,000 fixed overhead; $3 variable overhead per labor hour. Total estimated overhead is:
a).$130,000 b).$90,000 c).$44,200 d).$34,200
24).Job costs for Job 5A are: direct material $2000, direct labor $600, overhead $250. If the markup percentage is 150% what is the selling price?
a).$4,275 b).$5,700 c).$4,500 d).$4,988
25).The mixing dept estimates $150,000 fixed overhead and $2.50 variable overhead per machine hour. They estimate using 10000 machine hours. Total estimated overhead for this department is:
a).$175,000 b).$150,000 c).$10,000 d).$150,250
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