QUESTION 8 REB Company uses a job order costing system. The company purchased $308,000 of raw materials on credit, issued materials to production of 189,000 of which $35,000 were indirect. REB incurred a factory payroll of $157,000, paid in cash, of which $40,000 was indirect labor. REB uses a predetermined overhead application rate of 135% of direct labor cost. I REB incurred total overhead costs of $167,500 during the month, compute the amount of under-or overapplied overhead: C $6,700 underapplied $5000 overapplied C$2,800 overapplied $9,550 underapplied $9,000 underapplied Work in Process Inventory DR CR Beginning balance 3,700 Direct materials 28,200 Direct labor 21,600 ? Finished goods Applied overhead 12,800 Ending balance 10,000 The cost of units transferred to finished goods is: $56,300 o $70,000 C $62,000 $54,000 C $56,000 QUESTION 11 Following these selected financial information from Woodlawn, Corp. Calculate the company's days' sales in inventory for Year 2 Year 2 Year 1 Merchandise Inventory Cost of goods sold 371.000 586.4001 333,500 430,100 229.1 198.9 232.9 230.9 C 203.4 QUESTION 12 The following selected financial information from Doddy Company, Compute the company's acid-test ratio Cash Short-term investments 2 Accounts receivable, net Merchandise inventory Prepaid expenses Accounts payable $44,250 62,000 80,500 125,000 10,700 112,200 2.66 0.66 1.63 0.96 1.66 QUESTION 13 Select the type of tool which schedule is display like this table : Amount Percent Current assets $300,000 42.86% Property, plant, and equipment 400,000 57.14% Total assets $700,000 100% Horizontal analysis Vertical Analysis C Trend Analysis Differential analysis Ratio Analysis QUESTION 14 Deby Corporation has an overhead application rate of 180% and allocates overhead based on direct material cost. During the current period, direct labor cost Is $70,000 and direct materials used cost $85,000. Determine the amount of overhead Deby Corporation should record in the current period. $153,000 $150.250 C$120,000 C$ 149,000 C$135,000