Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:

Estimated machine-hours		72,200
Estimated variable manufacturing overhead	$	3.00	per machine-hour
Estimated total fixed manufacturing overhead	$	838,790

The predetermined overhead rate for the recently completed year was closest to:

• $6.84 per machine-hour

• $9.00 per machine-hour

• $8.61 per machine-hour

• $14.62 per machine-hour

Job 910 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials	$	2,465
Direct labor-hours		73	labor-hours
Direct labor wage rate	$	18	per labor-hour
Machine-hours		135	machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $19 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

• $7,184

• $3,668

• $6,344

• $3,779

Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data:

Total direct labor-hours		64,000
Total fixed manufacturing overhead cost	$	358,400
Variable manufacturing overhead per direct labor-hour	$	5.00

Recently, Job P951 was completed with the following characteristics:

Number of units in the job		20
Total direct labor-hours		100
Direct materials	$	730
Direct labor cost	$	6,400

The unit product cost for Job P951 is closest to: (Round your intermediate calculations to 2 decimal places.)

Garrison 16e Rechecks 2017-06-22, 2017-08-01, 09_22_2017_QC_CS-101971, 02_12_2018_QC_CS-117862

• $212.00

• $409.50

• $309.50

• $81.90

Eisentrout Corporation has two production departments, Machining and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Departments predetermined overhead rate is based on machine-hours and the Customizing Departments predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates:

	Machining		Customizing
Machine-hours		13,000		29,000
Direct labor-hours		19,000		5,000
Total fixed manufacturing overhead cost	$	68,900	$	20,500
Variable manufacturing overhead per machine-hour	$	1.00
Variable manufacturing overhead per direct labor-hour			$	4.20

During the current month the company started and finished Job T272. The following data were recorded for this job:

Job T272:	Machining		Customizing
Machine-hours		30		40
Direct labor-hours		40		50

The estimated total manufacturing overhead for the Machining Department is closest to:

rev: 02_12_2018_QC_CS-117862

• $81,900

• $68,900

• $13,000

• $97,900

During March, Zea Inc. transferred $60,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $66,000. The journal entries to record these transactions would include a:

• credit to Cost of Goods Sold of $66,000.

• debit to Finished Goods of $66,000.

• credit to Work in Process of $60,000.

• credit to Finished Goods of $60,000.

During June, Buttrey Corporation incurred $77,000 of direct labor costs and $17,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

• debit to Work in Process of $77,000.

• credit to Work in Process of $94,000.

• debit to Work in Process of $94,000.

• credit to Work in Process of $77,000.

The following accounts are from last years books at Sharp Manufacturing:

Raw Materials
Bal	0	(b)	156,800
(a)	171,000
	14,200

Work In Process
Bal	0	(f)	521,200
(b)	133,400
(c)	170,800
(e)	217,000
	0

Finished Goods
Bal	0	(g)	474,000
(f)	521,200
	47,200

Manufacturing Overhead
(b)	23,400	(e)	217,000
(c)	27,400
(d)	158,800
			7,400

Cost of Goods Sold
(g)	474,000

Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the manufacturing overhead overapplied or underapplied for the year?

• $7,400 underapplied

• $7,400 overapplied

• $27,400 underapplied

• $27,400 overapplied

Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $69,000 and at the end of the month was $31,700. The cost of goods manufactured for the month was $220,500. The actual manufacturing overhead cost incurred was $60,100 and the manufacturing overhead cost applied to Work in Process was $64,800. The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. The adjusted cost of goods sold that would appear on the income statement for November is:

• $253,100

• $183,200

• $257,800

• $220,500

The Assembly Department started the month with 25,300 units in its beginning work in process inventory. An additional 310,300 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 30,300 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?

• 335,600

• 365,900

• 305,300

• 315,300

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,200 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $24,200. An additional 100,000 units were started into production during the month. There were 33,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $852,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:

• $11.486

• $12.200

• $7.880

• $9.995