5. Winnz Corporation had $35,000 of raw materials on hand on May 1. During the month, the company purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totalled $5,000. The debits to the Work in Process account as a consequence of the raw materials transactions in May total_________.

(SHOW WORKINGS)

A.$92,000

B.$0

C.$68,000

D.$87,000

6. Lentor Corporation has provided the following data concerning manufacturing overhead for January:

Actual manufacturing overhead incurred....................... $52.000

Manufacturing overhead applied to Work in Process.... $75,000

The company's Cost of Goods Sold was $369,000 prior to closing out its Manufacturing Overhead account. The company closes out its Manufacturing Overhead account to Cost of Goods Sold. Which of the following statements is true? (SHOW WORKINGS)

A. Manufacturing overhead was underapplied by $23,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $392,000

B. Manufacturing overhead was underapplied by $23,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $346,000

C. Manufacturing overhead was overapplied by $23,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $346,000

D. Manufacturing overhead was overapplied by $23,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $392,000

7. Wimbledon Corporation uses a predetermined overhead rate based on direct labour cost to apply manufacturing overhead to jobs. Last year, the company's estimated manufacturing overhead was $1,200,000 and its estimated level of activity was 50,000 direct labour-hours. The company's direct labour wage rate is $12 per hour. Actual manufacturing overhead amounted to $1,240,000, with actual direct labour cost of $650,000. For the year, manufacturing overhead was ___________.

(SHOW WORKINGS)

A. overapplied by $60,000

B. underapplied by $60,000

C. overapplied by $40,000

D. underapplied by $44,000

8. SIM Technological Corporation has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product.

Production volume	4,000 units	5,000 units
Direct materials	$85.80 per unit	$85.80 per unit
Direct labour	$56.10 per unit	$56.10 per unit
Manufacturing overhead	$73.60 per unit	$62.10 per unit

The best estimate of the total cost to manufacture 4,300 units is closest to:

(SHOW WORKINGS)

A. $877,200

B. $909,400

C. $901,925

D. $926,650

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