4/ Using the following accounts and an overhead rate of 150% of direct labor cost, compute the amount of applied overhead.

Work in Process Inventory
Beginning WIP	35,300
Direct materials	55,500
Direct labor	?
Factory Overhead	?
To Finished Goods			213,300
Ending WIP	25,300

Finished Goods Inventory
Beginning FG	5,300
Cost of Goods Mfg'd	213,300

Multiple Choice

$90,800.

$83,250.

$147,800.

$59,120.

$88,680.

5/ The B&T Company's production costs for May are: direct labor, $19,000; indirect labor, $7,100; direct materials, $15,600; property taxes on production facility, $860; factory heat, lights and power, $1,060; and insurance on plant and equipment, $260. B&T Company's factory overhead incurred for May is:

Multiple Choice

$22,700.

$43,880.

$9,280.

$7,100.

$2,180.

6/ Lowden Company has an overhead application rate of 158% and allocates overhead based on direct material cost. During the current period, direct labor cost is $68,000 and direct materials used cost $72,000. Determine the amount of overhead Lowden Company should record in the current period.

Multiple Choice

$43,038.

$72,000.

$113,760.

$45,570.

$68,000.

7/ Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $226,800 of raw materials on credit; issued materials to production of $219,000 of which $37,200 were indirect. Minstrel incurred a factory payroll of $164,400, of which $47,200 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,900 and $31,800 respectively. Compute the cost of product transferred to Finished Goods Inventory:

Multiple Choice

$628,100.

$495,200.

$463,400.

$460,900.

$465,400.