Can someone help me. Thank you.

1. Specialty Chocolates recently expanded its operations beyond its existing kitchen to serve its retail operations by establishing a new kitchen to serve a wholesale market for local specialty shops. With this new arrangement, Specialty Chocolates will continue to have a retail shop attached to its original kitchen (Department 1) and the new wholesale operations shipping out of the new kitchen (Department 2). Using normal costing, the company applies monthly overhead using predetermined overhead rates based on direct labor hours for the older operation in Department 1 and machine hours for overhead rates in the more automated Department 2.

Department 1 Department 2 Monthly estimated overhead allocated to each department $4,800 $6,000 Overhead cost driver direct labor hours machine hours Estimated number of direct labor hours per month 320 Estimated number of machine hours per month 500 Estimated direct labor hours per pound of chocolate 10 minutes Estimated machine hours per pound of chocolate 4 minutes

Given this information, what are the respective overhead application rates to be used per pound of chocolate for Departments 1 and 2?

A) None of the answer choices is correct.

B) Department 1: $0.25 per pound Department 2: $0.20 per pound.

C) Department 1: $0.25 per pound Department 2: $2.00 per pound.

D) Department 1: $1.50 per pound Department 2: $0.20 per pound.

E) Department 1: $2.50 per pound Department 2: $0.80 per pound.

2. Silo Manufacturing received timesheets submitted by employees reflecting $5,000 of direct labor costs to be paid next week. Which one of the following journal entries should Silo record for this transaction? A) Work in Process Inventory 5,000 Manufacturing Overhead 5,000

B) Work in Process Inventory 5,000 Wages Payable 5,000

C) None of the answer choices is correct.

D) Wages Payable 5,000 Work in Process Inventory 5,000

E) Direct Labor 5,000 Work in Process Inventory 5,000

3.

Goodman Company has $30,000 in underapplied overhead, which is considered by the company to be a material amount. Other account balances include:

Work in Process Inventory $140,000 Finished Goods Inventory 40,000 Cost of Goods Sold 20,000

Which one of the following would be the correct journal entry for closing the underapplied overhead?

A) None of the answer choices is correct.

B) Work in Process Inventory 21,000

Finished Goods Inventory 6,000

Cost of Goods Sold 3,000

Manufacturing Overhead 30,000

C) Manufacturing Overhead 30,000 Work in Process Inventory 21,000

Finished Goods Inventory 6,000

Cost of Goods Sold 3,000

D) Manufacturing Overhead 30,000 Work in Process Inventory 10,000

Finished Goods Inventory 10,000

Cost of Goods Sold 10,000

E) Work in Process Inventory 10,000

Finished Goods Inventory 10,000

Cost of Goods Sold 10,000

Manufacturing Overhead 30,000