Question
Q.11Which of the following would be accounted for using a job order cost system? The refining of petroleum. The production of computer docking stations. The
Q.11Which of the following would be accounted for using a job order cost system?
The refining of petroleum.
The production of computer docking stations.
The production of electric cars.
The construction of a new campus dormitory.
Q12.A company estimated its annual overhead costs to be $1300000and its direct labor costs to be $500000. Actual overhead was $1100000, and actual labor costs totaled $550000. What is the company's predetermined overhead rate to the nearest cent?
$2.00
$2.36
$2.60
$2.20
Q13.Bramble, Inc. considers machine hours to be the best activity base for applying its manufacturing overhead. In the current period, the estimate of annual overhead costs for its jobs was$2490000. The company used1000hours of processing on Job No. B12 during the period and incurred overhead costs totaling $2420000. The budgeted machine hours for the year totaled25000. How much overhead should be applied to Job No. B12?
$2420
$96800
$99600
$2490
Q14.Bonita CompanyCompany manufactures customized sit-stand desks. The following pertains to Job No. 978:
Direct materials used $19450
Direct labor hours worked 500
Direct labor rate per hour $15
Machine hours used 400
Applied factory overhead rate per machine hour $22
What is the total manufacturing cost for Job No. 978?
$40150
$32750
$35750
$38250
Q.15During 2022,Sheffield Manufacturingexpected Job No. 59 to incur$400000of overhead cost, $460000of direct materials cost, and $250000in direct labor cost.Sheffieldapplied overhead based on direct labor cost. Actual production required overhead cost of $280000, $620000in direct materials used, and $260000in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead?
$136000underapplied
$120000overapplied
$136000overapplied
$120000underapplied
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