(a)Optimus Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 11,500 hours. At the end of the year, actual direct labor-hours for the year were 9,700 hours, the actual manufacturing overhead for the year was $143,350, and manufacturing overhead for the year was underapplied by $18,220. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been.

With This, What is the correct procedures to be undertaken? What could be the best answer?

(b)Janiero Manufacturing Company uses a job order cost system. At the beginning of February, Janiero only had one job in process, Job #594. The direct costs assigned to this job at that time were $800 of materials and $650 of labor. Job #594 was finished during February incurring additional direct costs of $120 for materials and $370 for labor. Job #595 was started and finished during February. The direct costs assigned to this job were $310 for materials and $190 for labor. Job #596 was started during February but was not finished by the end of the month. The direct costs assigned to this job were $740 for materials and $300 for labor. Rio applies manufacturing overhead to its products at a rate of 200% of direct labor cost. What is Rio's cost of goods manufactured for February?

With This, What is the correct procedures to be undertaken? What could be the best answer?

(c)The Megatron Company uses a job order costing system. The following activities took place during the month of September:

a. Raw Materials purchased $40,000

b. Raw Materials (all direct) used in production, $35,000

c. Salaries and Wages cost incurred:

Direct Labor Cost, $60,000

Indicrect Labor Cost, $30,000

Sales Salaries, $25,000

d. Factory Utility Cost incurred, $15,000

e. Depreciation on Factory Equipment, $50,000

f. Advertising Expense incurred, $80,000

g. Manufacturing Overhead is applied at the predetermined rate of 150% of direct labor cost

h. Cost of Goods Manufactured for the month, $180,000

i. Cost of Gooods Sold for the Month, $150,000

How Much is the Factory Overhead Control? and How Much is Finished Goods Ending Inventory?

(d) Hooker Company uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The Following information about Hooker Company's Work in Process inventory account has been provided for the Month of May:

May 1 Balance..............$26,000

Debits during May:

Direct Materials ................. $40,000

Direct Labor...................... $50,000

Manufacturing Overhead ............. $37,5000

During the month, Hooker Company's work in process inventory account was credited for $120,500, which represented the Cost of Goods Manufactured for the month. Only one job remained in process on May 31; This Job had been charged with $9,600 of applied overhead cost. The amount of direct materials in the unfinished jobs would be?

(e) Princess Corporation has provided the following production and total cost data for two levels of monthly production volume. The Company Produces a single product.

Production Volume...............................................6,000 units 7,000 units

Direct Materials....................................................$369,600 $431,200

Direct Labor...........................................................$309,600 $361,200

Manufacturing Overhead................................$919,800 $937,300

The best estimate of the total monthly fixed Manufacturing Cost would be?