Compton Company unes a predetermined overhead rate in appiying ovcrhcad so production oeders o a tator cost basis in Deparment A and os a machine-hours hasis in Deparoneni B. At the beginning of the o reveatly compicted year, the company made the following eiues Wha peedetermined overhead rate would he used is Departimest A and Depatmest B, nespectivety A. X3% and 55 B 83% and$3 C 120% and S3 D 83% and $120 Balker Corporation applies manufacturing overbead on the tasis of dieect labor-hours. Al the beginning of te most recent year, the company based its predelermined overhead rale on total estinaned overbead of $77,250 and 2,500 estimated direct labor-hours Actual manefacturing overhead foe the year amounted so $79.000 and actual direct labue bours wee 2,400 14. The prodetermined overhead rate for the year was closest to A. 52966 B. 53292 C $31.60 D. 530.90 15. The applied manufacturing overhead for the year was closest o A. $74,160 B. 571,184 C $75,840 D. $79,008 I6. The overhead for the year was A. 53,090 overapplied B. $4,840 underapplied C. 54,840 overapplied D. $3,090 underapplied During September, Stutzman Corporation incurred $86,000 of actual Manufacturing Overhead costs Dunng the same period, the Manufacturing Overhead applied to Work in Process was $81,000 The joumal entry to recoed the incurmence of the actual Mansfactaring Ovethead coas would iechade a credit to Manufacturing Overhead of s86,300 B, debin to Manufactaring Ovcrheal of 586,000 C.credit to Work is Process of 581,000 D. debit to Work in Process of $81000 IS. The joumal estary so record the spplicatios of Manufactaring Ovesthecal sn Werk in Prixess oald ude A credis to Manufacturing Overhead of 581.000 B. crodit to Work in Process of 586,000 C debit to Manufacturing Overhcad of $81,000 D debit to Wark in Poocess of 585,800 month, the company raw materials were requisitioned On April 1 purchased an additional 560,000 of raw materials. During Apnl, 570000 of r from the storeroom for use in peodaction These rw materials incloded hoch direct and indirect materials The indirect materials totaled $7,000 Prepure joumal entries to recond these events. Use these yourmal entries to answer the following question L. Stelter Corporation had S34,000 of raw materials on hand. Daring the 19. The debits to the Work in Process account as a consequence of the raw materials tramactions in Apeil total: A. 56000 .so 570,000 D. 563,000 20. The Assembly Department started the month with 14,000 units in its beginning work in process inven An additional 296,000 units were transferred in from the prior de in the Assembly Department There wene 14,000 units in the ending work in process inventory of the Assenbly Department How many units were transferned to the nest processing department during the month? A. 293,000 B. 310,000 C. 324,000 D. 296,000 partiment during the month to begin processing Nguyen Corporation uses the weighted average sethod in ni grocess costing system Operating dats for the 8 Department for the month of October appear below What were the oguivalent units for comversion costs in the Lubricating Depurinecn fer Oueober? A 53.700 B. 52.280 C. 54,080 D. 50,100 22. The Gasson Company uses ending work in process inventory conststs of 10000 units, 1001 complete wit, tepect to matenah and70% complese with respect to lahor and overhead If the costs per ecquivalent unit ave $4.50 Sor the muterials and uses the weighied-average method in its process costing system. The compary's 52.00 for labor and ovethead A.$44,500 B. $50,500 C. $59,000 D. $65,000 for labor and overhead, the balance of the ending work in process inventory account would be Callander Corporation is a wholesaler that sells a single prodact. Management han provided the folliowing cost data for two levels of monthly sales volume. The company sells the peoduct for $151.60 per unit 23. The best estimate of the total contribution margin when 6,300 units are sold is A. $450.450 B. $518,490 C.$121,590 D 566,780 company, reporned the following esalts fos Maech S12 perant Cost of goods sold is a variable cost in this company 24 The contribution margin for Masch is A. $922,600 B. $1.120,000 C. $1,962.600 D. 51.360,000 Salvadore Inc., a local setailer, has provided the following data for the month of Sepaember elling ep 25. The cost of goods sold for September was A. $132,000 B. $134,000 C. $133,000 D. $200,000 26. Which of the following costs would not be included as part of manufacturing overhead? A. Insurance on sales vchicles B. Depreciation of production equipment C. Lubricants for production equipment D. Direct labor overtime premium Compton Company unes a predetermined overhead rate in appiying ovcrhcad so production oeders o a tator cost basis in Deparment A and os a machine-hours hasis in Deparoneni B. At the beginning of the o reveatly compicted year, the company made the following eiues Wha peedetermined overhead rate would he used is Departimest A and Depatmest B, nespectivety A. X3% and 55 B 83% and$3 C 120% and S3 D 83% and $120 Balker Corporation applies manufacturing overbead on the tasis of dieect labor-hours. Al the beginning of te most recent year, the company based its predelermined overhead rale on total estinaned overbead of $77,250 and 2,500 estimated direct labor-hours Actual manefacturing overhead foe the year amounted so $79.000 and actual direct labue bours wee 2,400 14. The prodetermined overhead rate for the year was closest to A. 52966 B. 53292 C $31.60 D. 530.90 15. The applied manufacturing overhead for the year was closest o A. $74,160 B. 571,184 C $75,840 D. $79,008 I6. The overhead for the year was A. 53,090 overapplied B. $4,840 underapplied C. 54,840 overapplied D. $3,090 underapplied During September, Stutzman Corporation incurred $86,000 of actual Manufacturing Overhead costs Dunng the same period, the Manufacturing Overhead applied to Work in Process was $81,000 The joumal entry to recoed the incurmence of the actual Mansfactaring Ovethead coas would iechade a credit to Manufacturing Overhead of s86,300 B, debin to Manufactaring Ovcrheal of 586,000 C.credit to Work is Process of 581,000 D. debit to Work in Process of $81000 IS. The joumal estary so record the spplicatios of Manufactaring Ovesthecal sn Werk in Prixess oald ude A credis to Manufacturing Overhead of 581.000 B. crodit to Work in Process of 586,000 C debit to Manufacturing Overhcad of $81,000 D debit to Wark in Poocess of 585,800 month, the company raw materials were requisitioned On April 1 purchased an additional 560,000 of raw materials. During Apnl, 570000 of r from the storeroom for use in peodaction These rw materials incloded hoch direct and indirect materials The indirect materials totaled $7,000 Prepure joumal entries to recond these events. Use these yourmal entries to answer the following question L. Stelter Corporation had S34,000 of raw materials on hand. Daring the 19. The debits to the Work in Process account as a consequence of the raw materials tramactions in Apeil total: A. 56000 .so 570,000 D. 563,000 20. The Assembly Department started the month with 14,000 units in its beginning work in process inven An additional 296,000 units were transferred in from the prior de in the Assembly Department There wene 14,000 units in the ending work in process inventory of the Assenbly Department How many units were transferned to the nest processing department during the month? A. 293,000 B. 310,000 C. 324,000 D. 296,000 partiment during the month to begin processing Nguyen Corporation uses the weighted average sethod in ni grocess costing system Operating dats for the 8 Department for the month of October appear below What were the oguivalent units for comversion costs in the Lubricating Depurinecn fer Oueober? A 53.700 B. 52.280 C. 54,080 D. 50,100 22. The Gasson Company uses ending work in process inventory conststs of 10000 units, 1001 complete wit, tepect to matenah and70% complese with respect to lahor and overhead If the costs per ecquivalent unit ave $4.50 Sor the muterials and uses the weighied-average method in its process costing system. The compary's 52.00 for labor and ovethead A.$44,500 B. $50,500 C. $59,000 D. $65,000 for labor and overhead, the balance of the ending work in process inventory account would be Callander Corporation is a wholesaler that sells a single prodact. Management han provided the folliowing cost data for two levels of monthly sales volume. The company sells the peoduct for $151.60 per unit 23. The best estimate of the total contribution margin when 6,300 units are sold is A. $450.450 B. $518,490 C.$121,590 D 566,780 company, reporned the following esalts fos Maech S12 perant Cost of goods sold is a variable cost in this company 24 The contribution margin for Masch is A. $922,600 B. $1.120,000 C. $1,962.600 D. 51.360,000 Salvadore Inc., a local setailer, has provided the following data for the month of Sepaember elling ep 25. The cost of goods sold for September was A. $132,000 B. $134,000 C. $133,000 D. $200,000 26. Which of the following costs would not be included as part of manufacturing overhead? A. Insurance on sales vchicles B. Depreciation of production equipment C. Lubricants for production equipment D. Direct labor overtime premium