Bain Company has the following data for October: Direct materials cost $35,000 Direct labor hours 7,000 Direct labor cost $48,000 Actual manufacturing overhead $100,000 Machine hours worked 5,000 Given this information, if manufacturing overhead is allocated at the rate of $15.00 per direct labor hour, overhead for October is: O $4,000 overallocated O $4,000 underallocated $5,000 overallocated $5,000 underallocated Kramer, Inc. utilizes Machine hours to allocate overhead costs to their products. Calculate the pre-determined overhead rate based on the following information. Actual Overhead $52,000 Estimated Overhead $55,000 Estimated Direct Labor Hours 11,000 Estimated Machine Hours 5,000 O $4.73 per hour O $10.40 per hour O $5 per hour $11 per hour Timberline Company uses FIFO process costing. Material is added at the beginning of the process while conversion is added evenly throughout the process. The following information is available for the month just ended: Beginning work-in-process 2,000 units, 50% complete Started into process 34,000 units Units Completed and transferred out 32,000 units Ending work-in-process 4,000 units, 30% complete How many equivalent units of material will be used in calculating cost per equivalent units for the current month costs? 32,000 32,200 34,000 36,000 Timberline Company uses FIFO process costing. Material is added at the beginning of the process while conversion is added evenly throughout the process. The following information is available for the month just ended: Beginning work-in-process 2,000 units, 50% complete Started into process 34,000 units Units Completed and transferred out 32,000 units Ending work-in-process 4,000 units, 30% complete How many equivalent units of conversion will be used in calculating cost per equivalent units for the current month costs? 0 32,000 36,000 0 32,200 34,000 Bain Company has the following data for October: Direct materials cost $35,000 Direct labor hours 7,000 Direct labor cost $48,000 Actual manufacturing overhead $100,000 Machine hours worked 5,000 Given this information, if manufacturing overhead is allocated at the rate of $15.00 per direct labor hour, overhead for October is: O $4,000 overallocated O $4,000 underallocated $5,000 overallocated $5,000 underallocated Kramer, Inc. utilizes Machine hours to allocate overhead costs to their products. Calculate the pre-determined overhead rate based on the following information. Actual Overhead $52,000 Estimated Overhead $55,000 Estimated Direct Labor Hours 11,000 Estimated Machine Hours 5,000 O $4.73 per hour O $10.40 per hour O $5 per hour $11 per hour Timberline Company uses FIFO process costing. Material is added at the beginning of the process while conversion is added evenly throughout the process. The following information is available for the month just ended: Beginning work-in-process 2,000 units, 50% complete Started into process 34,000 units Units Completed and transferred out 32,000 units Ending work-in-process 4,000 units, 30% complete How many equivalent units of material will be used in calculating cost per equivalent units for the current month costs? 32,000 32,200 34,000 36,000 Timberline Company uses FIFO process costing. Material is added at the beginning of the process while conversion is added evenly throughout the process. The following information is available for the month just ended: Beginning work-in-process 2,000 units, 50% complete Started into process 34,000 units Units Completed and transferred out 32,000 units Ending work-in-process 4,000 units, 30% complete How many equivalent units of conversion will be used in calculating cost per equivalent units for the current month costs? 0 32,000 36,000 0 32,200 34,000
