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ACCT 2060 - Bonus Point 3 1. Baehr Company is a manufacturing company with a fiscal year that runs from July 1 to June 30. The company uses a job-order accounting system for its production costs. A predetermined overhead rate based upon direct labor hours is used to apply overhead to individual jobs. Assume Baehr's predetermined overhead rate is $4.50 per direct labor hour. Required: A. Actual manufacturing overhead incurred during November was? B. The total cost of Job 83-50? C. The manufacturing overhead costs applied to Job 83-52 during November? D. The total amount of overhead applied to jobs during November was 1 ACCT 2060 - Bonus Point 3 2. Based on the information above, determine the following: A. Prime cost for November. B. Total manufacturing cost for November. C. Cost of goods transferred to finished goods inventory for November. D. Madtack's overapplied or underapplied for November. 3. The following information pertains to the August manufacturing activities of Griss Co.: Beginning work-in-process (BWIP) $12,000 Ending work-in-process (EWIP) 10,000 Cost of goods manufactured (COGM) 97,000 Direct materials issued to production 20,000 Manufacturing overhead is assigned at 150% of direct labor. What was the August direct labor? 4. Worley Company has underapplied overhead of $45,000 for the year. Before disposition of the underapplied overhead, selected year-end balances from Worley's accounting records were Sales Cost of goods sold Direct materials inventory Work-in-process inventory Finished goods inventory $1,200,000 720,000 36,000 54,000 90,000 Under Worley's cost accounting system, over- or underapplied overhead is assigned to COGS based on year-end balances. In its year-end income statement, Worley should report COGS of? 2