Manufacturing Overhead is applied on the basis of direct labor cost. Entries in the t-accounts are related if they have the same reference letter. For example all entries with the reference (b) are part of the same journal entry. Using the t-accounts beow select the amount which corresponds to the entry described.

.		Raw Materials			Finished Goods
	Bal.	53,000	320,000 (b)		Bal.	81,000	1,190,000	(j)
	(a)	273,000			(i)	1,170,000
	Bal.	6,000			Bal.	61,000
		Work in Process			Manufacturing Overhead
	Bal.	33,400	1,170,000	(i)	(b)	80,000	555,000	(h)
	(b)	240,000			(c)	100,000
	(c)	370,000			(d)	107,000
	(h)	555,000			(f)	40,850
	(k)	28,400			(g)	224,000
							3,150 (L)	Bal.
		Cost of Goods Sold
	(j)	1,190,000

The cost of goods manufactured is:	Answer 1Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
The amount of applied overhead is:	Answer 2Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
The amount of direct labor incurred during the period was:	Answer 3Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
Amount of direct materials used is:	Answer 4Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
Total amount of raw materials used during the period is:	Answer 5Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
The amount of indirect labor incurred during the period was:	Answer 6Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
Manufacturing Overhead over or under applied?	Answer 7Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
The predetermined overhead rate was:	Answer 8Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
The amount of raw materials purchased during the period is:	Answer 9Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000
Amount of indirect materials used is:	Answer 10Choose...$273,000150%$1,170,000$100,000Over Applied$240,000Under Applied$80,000125%67%$555,000$320.000$370,000