Question 33 Kiner Co. computed an overhead rate for machining costs ($500,000) of $5 per machine hour. Machining costs are driven by machine hours. If computed based on direct labor hours, the overhead rate for machining costs would be $10 per direct labor hour. The company produces two products, Cape and Chap Cape requires 60.000 machine hours and 20.000 direct labor hours, while Chap requires 40,000 machine hours and 30.000 direct labor hours. Using activity-based costing machining costs assigned to each product is Cape: $300.000. Chap: $200,000 Cape: $600,000. Chap: $525.000 Cape: $200,000. Chap: $300,000 Cape: SS00.000. Chap: 5500,000 Ogleby Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory 12/31/19 $150,000 195.000 187.500 12/31/20 $120,000 217.500 172,500 During 2020, Ogleby purchased $1,225,000 of raw materials, incurred direct labor costs of $218,750, and incurred manufacturing overhead totaling $280,000. How much would Ogleby Manufacturing report as cost of goods manufactured for 2020? $1,768,750 $1,746,250 $1.731.250 $1.536.250 Question 9 Penner Company reported total manufacturing costs of $731,250, manufacturing overhead totaling $126.750, and direct materials totaling $156,000. How much is direct labor cost? 31.014.000 None of these $448.500 $575.250 Kline Manufacturing as the following labor costs Factory.Gross wapes Factory - Net wages Employer Payroll Tees Payable 5812.500 682 500 81.250 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labortor $893.750 5731250 5763.750 5812,500