Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours 30,500 Total fixed manufacturing overhead cost $ 610,000 Variable manufacturing overhead per machine-hour $ 6.00 Recently, Job T687 was completed with the following characteristics: Number of units in the job 10 Total machine-hours 30 Direct materials $ 690 Direct labor cost $ 1,370 The unit product cost for Job T687 is closest to: Multiple Choice $147.00 $94.67 $206.00 $284.00

Gilchrist Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently completed year, the Corporation estimated the machine-hours for the upcoming year at 35,900 machine-hours. The estimated variable manufacturing overhead was $4.80 per machine-hour and the estimated total fixed manufacturing overhead was $945,606. The predetermined overhead rate for the recently completed year was closest to:

Multiple Choice $31.14 per machine-hour $30.14 per machine-hour $4.80 per machine-hour $26.34 per machine-hour

During March, Zea Inc. transferred $58,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $64,000. The journal entries to record these transactions would include a: Multiple Choice credit to Cost of Goods Sold of $64,000. debit to Finished Goods of $64,000. credit to Work in Process of $58,000. credit to Finished Goods of $58,000.

Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $240,600 and 5,600 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,600 and actual direct labor-hours were 4,900. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $30,096 underapplied $32,096 underapplied $30,096 overapplied $32,096 overapplied