72)The following information was gathered for the Wesley Corporation for the most recent year. Manufacturing overhead is allocated using direct labor hours. Estimated direct labor hours 40,000 Actual direct labor hours 51,000 Estimated manufacturing overhead costs $840,000 Actual manufacturing overhead costs $985,000 What is the amount of overallocated or underallocated overhead for the year? A. $145,000 underallocated B. $86,000 underallocated C. $86,000 overrallocated D. $145,000 overallocated

78)Ohio Steel uses a job costing system. Ohio Steel uses estimated direct labor hours of 100,000 and estimated manufacturing overhead costs of $320,000 in establishing its predetermined manufacturing overhead rate. Actual results for the year showed: Actual manufacturing overhead cost 350,000 Allocated manufacturing overhead cost 326,400 The number of direct labor hours worked during the period was A. 100,000. B. 109,375. C. 102,000. D. 93,257.

83)Manufacturers follow four steps to implement a manufacturing overhead allocation system. In the last step, the company estimates the total amount of manufacturing overhead costs for the year. T/F? 85)Ryan's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $235,000 Actual manufacturing overhead cost $244,000 Estimated machine hours 20,000 Actual machine hours 22,500 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The predetermined manufacturing overhead rate per machine hour is closest to A. $10.84. B. $12.20. C. $11.75. D. $10.44.

86)Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $238,000 Actual manufacturing overhead cost $244,000 Estimated machine hours 20,000 Actual machine hours 22,500 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The predetermined manufacturing overhead rate per machine hour is closest to A. $11.90. B. $12.20. C. $10.84. D. $10.58.

87)Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturing overhead cost $238,000 Actual manufacturing overhead cost $244,000 Estimated machine hours 20,000 Actual machine hours 22,500 The estimates were made as of the beginning of the year, while the actual results were for the entire year. The amount of manufacturing overhead allocated for the year based on machine hours would have been A. $241,000. B. $267,750. C. $238,000. D. $244,000.

88)Here are selected data for Tyler Corporation: Cost of materials purchases on account $68,000 Cost of materials requisitioned (includes $4,500 of indirect) 51,000 Direct labor costs incurred 77,000 Manufacturing overhead costs incurred, including indirect materials 97,500 Cost of goods manufactured 223,000 Cost of goods sold 151,000 Beginning raw materials inventory 14,500 Beginning work in process inventory 29,700 Beginning finished goods inventory 32,800 Predetermined manufacturing overhead rate (as % of direct labor cost) 130% What is the balance in work in process inventory at the end of the year? A. $30,300 B. $23,800 C. $49,200 D. $27,700

100)Lucky Cow Dairy provided the following expense information for May: Assemblyminusline workers' wages $72,000 Caps for milk bottles 3,000 Reconfiguring the assembly line 125,000 Customer support hotline 10,000 Delivery expenses 20,000 Depreciation on factory equipment 75,000 Plastic milk bottles 52,000 Salaries of salespeople 63,000 Salaries of research scientists 70,000 Customer tollminusfree order line 6,000 What is the total cost for the distribution category of the value chain? A. $217,000 B. $23,000 C. $20,000 D. $151,000