For 2020, Mariams Animal Supply Manufacturing uses machine-hours as the only overhead cost-allocation base. The accounting records contain estimated and actual Manufacturing overhead costs of $100,000 and $120,000 respectively and estimated and actual Machine-hours of 20,000 and 25,000 respectively. Using actual costing, the amount of manufacturing overhead costs allocated to jobs during 2020 is:

a.

$150,000

b.

$120,000.

c.

$125,000

d.

$100,000

XYZ Company uses job costing system. The appropriate journal entry if $100,000 of materials were purchased on account for the month of January 2021 is:

a.

Manufacturing Overhead Control debit $100,000 and Accounts Receivable Control credit $100,000.

b.

Work-in-Process Control debit $100,000 and Accounts Payable Control credit $100,000.

c.

Manufacturing Allocated debit $100,000 and Accounts Receivable Control credit $100,000.

d.

Materials Control debit $100,000 and Accounts Payable Control credit $100,000.