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Pinnacle Corp. budgeted $258,700 of overhead cost for the current year. Actual overhead costs for the year were $240,730. Pinnacle's plantwide allocation base, machine hours,

Pinnacle Corp. budgeted $258,700 of overhead cost for the current year. Actual overhead costs for the year were $240,730. Pinnacle's plantwide allocation base, machine hours, was budgeted at 54,860 hours. Actual machine hours were 55,670.

A total of 108,360 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is:

a. $4.39 per machine hour b. $4.72 per machine hour c. $2.39 per machine hour d. $2.22 per machine hour

-------------------

Selected accounts with a credit amount omitted are as follows

Work in Process
Apr. 1 Balance 6,500 Apr. 30 Goods finished X
30 Direct materials 55,700
30 Direct labor 190,500
30 Factory overhead 57,150

Finished Goods
Apr. 1 Balance 12,000
30 Goods finished 309,600

What was the balance of Work in Process as of April 30?

a. $250

b. $309,600

c. $12,000

d. $57,150

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When Job 117 was completed, direct materials totaled $28,160; direct labor, $33,958; and factory overhead, $20,707. A total of 3,313 units were produced at a per-unit cost of

a. $82,825

b. $3,313

c. $25

d. $62,118

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Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below.

Activity Cost Activity Base
Procurement $344,000 Number of purchase orders
Scheduling 245,500 Number of production orders
Materials handling 429,500 Number of moves
Product development 727,000 Number of engineering changes
Production 1,445,000 Machine hours
Number of Purchase Orders Number of Production Orders Number of Moves Number of Engineering Changes Machine Hours Number of Units
Disk drives 4,060 390 1,230 11 2,200 2,000
Tape drives 1,500 135 530 5 8,300 4,500
Wire drives 12,400 910 3,500 28 11,600 2,300

The activity rate for the procurement activity cost pool is

a. $65.38 per purchase order

b. $239.72 per purchase order

c. $171.08 per purchase order

d. $19.15 per purchase order

----------------------

Selected accounts with amounts omitted are as follows

Work in Process
Aug. 1 Balance 277,750 Aug. 31 Goods finished 153,780
31 Direct materials X
31 Direct labor 35,400
31 Factory overhead X

Factory Overhead
Aug. 1 31 Costs incurred 96,990 Aug. 1 Balance 15,200
31 Applied
(30% of direct labor cost) X

If the balance of Work in Process on August 31 is $194,620, what was the amount debited to Work in Process for direct materials in August?

a. $353,990

b. $507,770

c. $118,530

d. $24,630

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