BVD Company uses a job order cost accounting system and last period incurred $160,000 of overhead and $500,000 of direct labor. BVD estimates that its overhead next period will be $175,000. It also expects to incur $500,000 of direct labor. If BVD bases applied overhead on direct labor cost, their overhead application rate for the next period should be:

35.00%

32.00%

91.00%

312.50%

286.00%

Canberra Company uses a job order cost accounting system. During the current month, the factory payroll of $216,000 was paid in cash. The amount of labor classified as direct labor was three times greater than the amount classified as indirect labor. What amount should be debited to Factory Overhead for indirect labor for this month?

$162,000

$216,000

$54,000

$72,000

$24,000

Canoe Company's manufacturing accounting system uses direct labor costs to apply overhead to goods in process and finished goods inventories. Canoe Company's manufacturing costs for the year were: direct labor, $63,000; direct materials, $126,000; and factory overhead applied, $13,860. The overhead application rate was:

4.6%

11.00%

22.0%

454.6%

39.0%

Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $9,500,000 (950,000 hours at $10/hour) and that factory overhead would be $6,000,000 for the current period. At the end of the period, the records show that there had been 330,000 hours of direct labor and $4,800,000 of actual overhead costs. Using direct labor hours as the allocation base, calculate the under- or overapplied overhead for the period. (Round Overhead rate to 2 decimal places.)

$2,714,400 underapplied.

$3,914,400 underapplied.

$7,828,800 underapplied.

$7,828,800 overapplied.

$950,000 underapplied.

Deltan Corp. allocates overhead to production on the basis of direct labor costs. If Deltan's total estimated overhead is $705,000 and estimated direct labor cost is $307,500, determine the amount of overhead to be allocated to finished goods inventory. There is $190,000 of total direct labor cost in the jobs in the finished goods inventory. (Round the Overhead rate to the nearest whole percent.)

$76,000

$190,000

$625,100

$435,100

$815,100

Deltan Corp. allocates overhead to production on the basis of direct labor costs. If Deltan's total estimated overhead is $705,000 and estimated direct labor cost is $307,500, determine the amount of overhead to be allocated to finished goods inventory. There is $190,000 of total direct labor cost in the jobs in the finished goods inventory. (Round the Overhead rate to the nearest whole percent.)

Job. No.	Bal. May 1	May Production
		Costs
124	$ 4,100
125	2,400	900
126		1,500

Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What was the company's cost of goods sold for May and the goods in process inventory on May 31?

$7,400; $1,500

$6,500; $2,400

$2,400; $6,500

$4,100; $2,400

$8,900; $0

Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $10,500,000 (1,050,000 hours at $10/hour) and that factory overhead would be $6,600,000 for the current period. At the end of the period, the records show that there had been 350,000 hours of direct labor and $6,300,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?

$6.00 per direct labor hour.

$6.29 per direct labor hour.

$6.67 per direct labor hour.

$18.90 per direct labor hour.

$18.66 per direct labor hour.

A company allocates overhead to production on the basis of direct labor cost. If the company's total estimated overhead is $1,140,000 and estimated direct labor cost is $1,880,000, determine the amount of overhead to be allocated to finished goods inventory. There is $926,000 of total direct labor cost in the jobs in the finished goods inventory. (Round the Overhead percentage rate to 2 decimal places.)

$1,527,087.72

$561,526.40

$2,314,470.84

$2,088,614.12

$92,600.00