Question
question 33. Carter Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined
question 33. 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 overhead for the year was:
Group of answer choices
1) $3,952 underapplied
2) $5,198 overapplied
3) $3,952 overapplied
4) $5,198 underapplied
Question 21- During July at Tiner Corporation, $74,000 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 journal entry to record this requisition would include a debit to Manufacturing Overhead of:
Group of answer choices
1) $7,000
2) $74,000
3) $67,000
4) $0
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