27 30 31 ED 3C Blackboard > X Multiple Attempts Not allowed. This test can only be taken once. Force Completion Once started, this test must be completed in one sitting Do not leave the test before clicking Save and Submit This test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically, Remaining Time: 37 minutes, 38 seconds. Less than half of the time rema Question Completion Status Moving to the next question prevents changes to this answer, Question 23 of 40 Question 23 2.5 points I FIFO is used in process costing this indicates 51.78 "B. 510 C515 D. 52 the beginning balance in work in process will be finished first the factory overhead will be applied using the first costs actually incurred all the above are true 21. The company uses a job order pst system on January 1, Job 100 was the only job in process. The costs assigned to that job totaled 525.000. There was a $5.000 beginning balance in materials inventory During the month, the company started two more jobs (jobs 101 and 102). It finished job 100 and sold it for $75,000 During the month the following additional costs were incurred. Purchased additional materials for $50,000 on account. Incurred factory tabor costs of 535,000 incurred 55.000 of indirect labor, incurred $5,000 for indirect materials incurred depreciation expense of $3.500 and other factory overhead that was paid in cash 57,000 The company used direct labor hours as the activity base to assign overhead. Assigned direct materials and direct labor to jobs as follows: Job Number Direct MaterialsDirect Labor Applied FOH 100 55.0005 8.000 7 101 20,000 12.000 102 15,000 10.0007 Total 540,000$ 30,000 Calculate the predetermined overhead rate for the year, assuming the total manufacturing overhead costs are estimated at 5400,000, there are estimated direct labor hours of 40.000 and estimated labor costs of $225,000 Moving to the next question prevents changes to this answer Question 23 of 40 MacBook Air ose 30 888 7 # 3 2 $ 4 % 5 6 & 7 8 9 0 Q W E R T Y U 1 O A S D F G H de J L 7 N. V B N M V. ? 1 all 96 4 at option command command option 27 30 31 ED 3C Blackboard > X Multiple Attempts Not allowed. This test can only be taken once. Force Completion Once started, this test must be completed in one sitting Do not leave the test before clicking Save and Submit This test does not allow backtracking. Changes to the answer after submission are prohibited. Your answers are saved automatically, Remaining Time: 37 minutes, 38 seconds. Less than half of the time rema Question Completion Status Moving to the next question prevents changes to this answer, Question 23 of 40 Question 23 2.5 points I FIFO is used in process costing this indicates 51.78 "B. 510 C515 D. 52 the beginning balance in work in process will be finished first the factory overhead will be applied using the first costs actually incurred all the above are true 21. The company uses a job order pst system on January 1, Job 100 was the only job in process. The costs assigned to that job totaled 525.000. There was a $5.000 beginning balance in materials inventory During the month, the company started two more jobs (jobs 101 and 102). It finished job 100 and sold it for $75,000 During the month the following additional costs were incurred. Purchased additional materials for $50,000 on account. Incurred factory tabor costs of 535,000 incurred 55.000 of indirect labor, incurred $5,000 for indirect materials incurred depreciation expense of $3.500 and other factory overhead that was paid in cash 57,000 The company used direct labor hours as the activity base to assign overhead. Assigned direct materials and direct labor to jobs as follows: Job Number Direct MaterialsDirect Labor Applied FOH 100 55.0005 8.000 7 101 20,000 12.000 102 15,000 10.0007 Total 540,000$ 30,000 Calculate the predetermined overhead rate for the year, assuming the total manufacturing overhead costs are estimated at 5400,000, there are estimated direct labor hours of 40.000 and estimated labor costs of $225,000 Moving to the next question prevents changes to this answer Question 23 of 40 MacBook Air ose 30 888 7 # 3 2 $ 4 % 5 6 & 7 8 9 0 Q W E R T Y U 1 O A S D F G H de J L 7 N. V B N M V. ? 1 all 96 4 at option command command option