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Please Help! 8. The following partial list of information pertains to Miller Inc. for 2019: Direct materials used Direct labor incurred Manufacturing overhead actually incurred
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8. The following partial list of information pertains to Miller Inc. for 2019: Direct materials used Direct labor incurred Manufacturing overhead actually incurred Manufacturing overhead applied to production $292,000 312,000 261,000 242,000 Raw Materials Work in Process Finished Goods Beginning balance $22,000 27,000 18,000 Ending balance $17,000 19,000 6,000 If Miller uses job order costing, cost of goods manufactured for 2019 was: a. $873,000. b. $854,000. c. $892,000. . d. $865,000 . 9. Montgomery Inc. uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. The company has provided the following estimated costs for 2019: Direct materials $20,000 Direct labor 60,000 Sales commissions 80,000 Salary of production supervisor 40,000 Indirect materials 8,000 Advertising expense 16,000 Rent on factory equipment 20,000 Montgomery estimates that 5.000 direct labor hours will be worked, and 10,000 machine hours will be used during 2019. The predetermined overhead rate per machine hour will be: a. S14.80 b. S2.80 C. $13.60 dS6.80. 10. MK Company uses a job order costing system and applies overhead to jobs at a predetermined overhead rate of 45% of direct labor cost. For the month of July, the following debits (credits) were in the Work in Process account: Beginning balance $40,000 Direct materials 200,000 Direct labor 160,000 Manufacturing overhead applied 72,000 Cost of goods manufactured (438,000) Job #A300, the only job in process at the end of July, was charged with manufacturing overhead of $9,000. The amount of direct materials charged to Job #A300 was: a $10,000 b. S5,000 c. $20,950 d. $8,100 11. For 2019, LIMO Company incurred $600,000 of actual manufacturing overhead costs. The Manufacturing Overhead account showed that overhead was overapplied by $24,000. If the predetermined overhead rate was $8.00 per direct labor hour, how many direct labor hours (DLHs) were worked during 2019? a. 78,000 DLHs b. 72,000 DLHS. c. 75,000 DLHs. d 71.000 DLHS Step by Step Solution
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