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Question 1 6 At the current year - end, Ruiz Company found that its overhead was underapplied by $ 2 , 5 0 0 ,

Question 16
At the current year-end, Ruiz Company found that its overhead was underapplied by $2,500, and this
amount was not considered material. Based on this information, Ruiz should:
Question 18
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee
Corporation used $2,500 of direct materials and used $4,000 of direct labor. The job was not
finished in September. An additional $3,000 of direct materials and $6,500 of direct labor were
needed 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?
Question 19
Job A3B was ordered by a customer on September 25. During the month of September, Jaycee
Corporation used $2,500 of direct materials and used $4,000 of direct labor. The job was not
finished in September. An additional $3,000 of direct materials and $6,500 of direct labor were
needed 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 total cost of the job when it is completed
in October?
Question 20
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company
estimated total overhead costs to be $400,000, and direct labor costs to be $2,000,000. Actual overhead
costs for the year totaled $380,000, and actual direct labor costs totaled $1,800,000. At year-end, Factory
Overhead is:

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