Benson Inc's accounting records reflect the following inventories: Dec. 31. 2012 Dec. 31. 2020 Raw materials inventory $ 100,000 $ 80.000 Work in process inventory 130,000 145,000 Finished goods inventory 125.000 115.000 During 2020. Benson purchased $1.812,500 of raw materials, incurred direct labor costs of $312.500, and incurred manufacturing overhead totaling $200,000. How much raw materials were transferred to production during 2020 for Benson? $ 1,792,500 $ 1.732,500 $ 1.812.500 $ 1.832,500 Previous Laptops or Computers, or other 5.41 pts Question 9 Penner Company reported total manufacturing costs of $731,250, manufacturing overhead totaling $126.750, and direct materials totaling $156.000. How much is direct labor cost? $1.014,000 None of these $448.500 $575.250 Next Previous 5.41 pt Question 10 Ogleby Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory 12/31/19 $150,000 195,000 187.500 12/31/20 $120.000 217,500 172.500 During 2020, Ogleby purchased $1,225,000 of raw materials, incurred direct labor costs of $218.750, and incurred manufacturing overhead totaling $280,000. How much would Ogleby Manufacturing report as cost of goods manufactured for 2020? $1.768,750 $1.746,250 $1,731,250 $1.536,250 Kline Manufacturing has the following labor costs Factory-Gross wages Factory - Net wages Employer Payroll Taxes Payable 5812.500 682.500 81.250 The entry to record the cost of factory tabor and the associated payroll tax expense will include a debit to Factory Labor for 5893.750 5731.250 $763.750 5812.500 Ne Previous Not saved s U Question 18 A materials requisition slip showed that direct materials requested were $82.500 and indirect materials requested were $11.250. The entry to record the transfer of materials from the storeroom is $ 93.750 $93.750 Marutacturing Overhead Raw Materials inventory Work in Process inventory Raw Materials twentory $ 82.500 5 82.500 $ 82.500 $ 11.250 Work in Process Inventory Manufacturing Overhead Raw Materials Inventory $ 93.750 $ $ 66,000 9,000 Direct Materials Indirect Materials Work in Process Inventory $ 75,000 Question 19 The following information is available for completed Job No. 402: Direct materials, $195,000, direct labor. $292.250 manufacturing overhead applied, $146,500 units produced. 7.800 units; units sold, 6.500 units. The cost of the finished goods on hand from this job is $105.625 5648 OSO $126.750 $633.750 Question 25 Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under or overapplication of overhead for the period: cost Estimated annual overhead Actual annual overhead cost Estimated machine hours Actual machine hours $2.400.000 $2.362.500 600,000 585.000 $2.340.000 pled and $22.500 overapelled $2,362,500 applied and $37.500 underapplied $2.340,000 applied and $22.500 underapplied $2.400.000 applied and $37.500 overapplied Next > Question 25 Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under or overapplication of overhead for the period: $2.400.000 Estimated annual overhead cost Actual annual overhead cost Estimated machine hours Actual machine hours $2.362,500 600.000 585.000 $2.340,000 applied and $22.500 overapplied $2,362,500 applied and $37.500 underapplied $2.340,000 applied and $22.500 underapplied $2,400,000 applied and $37.500 overapplied Previous Not saved s.apts Question 33 Kiner Co. computed an overhead rate for machining costs ($500,000) of $5 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $10 per direct labor hour. The company produces two products, Cape and Chap. Cape requires 60.000 machine hours and 20.000 direct labor hours, while Chap requires 40,000 machine hours and 30.000 direct labor hours. Using activity-based costing machining costs assigned to each product is Cape: $300.000. Chap: $200,000 Cape: $600.000. Chap: $525.000 Cape: $200,000. Chap: $300,000 Cape: $500,000. Chap: $500,000