Question 31- Carter Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $135,850. Actual manufacturing overhead for the year amounted to $145,000 and actual machine-hours were 5,660. The company's predetermined overhead rate for the year was $24.70 per machine-hour.

The predetermined overhead rate was based on how many estimated machine-hours?

Group of answer choices

1) 5,870

2) 6,081

3) 5,660

4) 5,500

Question 45- Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $500 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the jobs worked on during the month:

Total costs assigned to jobs during March

Job #359 - $6,000

Job #360 - $8,100

Job #361 - $2,400

During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold by month end. Job #361 was not completed by the end of March.

What is Leija's work in process inventory balance at the end of March?

Group of answer choices

1) $2,900

2) $2,400

3) $1,900

4) $10,000

Question 41- On April 1, Stelter Corporation had $34,000 of raw materials on hand. During the month, the company purchased an additional $60,000 of raw materials. During April, $70,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $7,000.

The credits to the Work in Process account as a consequence of the raw material transactions in April total:

Group of answer choices

1) $60,000

2) $70,000

3) $63,000

4) $0