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Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $428,000, and direct labor

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Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $428,000, and direct labor costs to be $2,140,000. Actual overhead costs for the year totaled $401,000, and actual direct labor costs totaled $1.870.000. At year- end, Factory Overhead is: 39 Multiple Choice Overapplied by $27000. Overapphed by $200,500 Underapplied by $27,000 Overapplied by 554,000 Neither overapplied not underapplied Job A38 was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of direct materials and used $3.500 of direct labor. The job was not finished by the end of September, but needed an additional $2,600 of direct materials and additional direct labor of $5700 to finish the job in October . The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred What is the balance in the Work In Process account at the end of September relative to Job A3B? Multiple Choice $8.300 $12.900 $4,700 59 300 $5.900 Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Direct materials are assigned to each job according to actual cost. Jobs are marked up 15% above total manufacturing cost to determine the selling price. If Job M-47 used $370 of direct materials and took 20 direct hours of labor to complete, what is the selling price of the job? Multiple Choice $840 O $116 $978 o $690

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