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C) Estimated labor cost rate. D) Chargeable overhead rate. E) Miscellaneous overhead rate. 26. Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $50,000 and direct materials used cost $80,000. Determine the amount of overhead Lowden Company should record in the pport = 16 Dol= 50,000 Din = 80,000 0. AQ Appuled current period A) $31,250. B) S50,000 C) $80,000 DDS128,000. E) S208.000 27. The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to: A Jobs Overhead Expense. (B) Cost of Goods Sold Of Finished Goods Inventory D-indirect Labor. EX Work in Process Inventory. 28. CWN Company uses a job order costing system and last period incurred $80,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $75,000. It also expects to incur $100,000 of direct labor. IfCWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: A 75% B) 80%. 95,000 C) 107% D) 125% E) 133%. 100,000 29. Here are selected data for Tyler Corporation: $68,000 51,000 77.000 Cost of materials purchases on account Cost of materials requisitioned includes $4.500 of indirect) Direct labor costs incurred Manufacturing overhead costs incurred, including indirect materials Cost of goods manufactured Cost of goods sold Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Predetermined manufacturing overhead rate (as % of direct labor cost) 97.500 223,000 151.000 14,500 29,700 32.800 130% What is the balance in work in process inventory at the end of the year? A) S30.300 B) $27,700 wie C) $49,200 D) $23.800 74,000+77,000(1.3)329,74 223,000 -DM 0446500 -DL 77,000 - pogled (mort), 100, 100 223,800 29700 30. Here are selected data for Wilson Company: Estimated manufacturing overhead Estimated labor hours Actual direct labor hours Estimated direct labor cost Actual direct labor cost Factory depreciation $243.750 35.000 36.000 $325,000 $320,000 $65,400 Factory utilities Indirect labor Sales commissions Factory rent Factory property taxes Indirect materials $30.200 $22,400 $53,700 $47,700 $28.100 $33,000 If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate? A) 76% of direct labor cost B) 133% of direct labor cost 16243,750 75% of direct labor cost D) 102% of direct labor cost $325,000