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Do all parts 31) Davie Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead 31) costs of $1,000,000 in establishing its 2015

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31) Davie Inc. used estimated direct labor hours of 250,000 and estimated manufacturing overhead 31) costs of $1,000,000 in establishing its 2015 predetermined overhead allocation rate. Actual results showed: $900 Allocated manufacturing overhead$875,000 What was the number of direct labor hours worked during 2015? A) 250,000 hours B) 225,000 hours C) 243,056 hours D) 218,750 hours 32) Irene Manufacturing uses a predetermined overhead allocation rate based on percentage of direct 32) labor cost. At the beginning of 2014, the company estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $840,000. In June, 2014, Job 711 was completed. The details of Job 711 are shown below Direct materials cost Direct labor cost Direct labor hours $27,500 $13,000 400 hours 200 How much was the cost per unit of finished product? A) $374.38 B) $202.50 C) $283.75 D) $254.50 33) Neptune Fabrication Plant has provided you with the following information: 33) of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the $250,000 $125,000 Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year 5,000 direct labor hours $240,000 $135,000 4,500 direct labor hours The company bases its manufacturing overhead allocation on direct labor hours. What was the unadjusted ending balance in the manufacturing overhead account? A) $10,000 debit balance $15,000 credit balance B) $15,000 debit balance D) $10,000 credit balance 34) The journal entry for adjustment of underallocated manufacturing overhead includes a 34) A) credit to Manufacturing Overhead C) credit to Finished Goods Inventory B) credit to Cost of Goods Sold D) debit to Work-in-Process Inventory

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