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SHIP 9) Valvano Corporation uses a job order overhead rate based on machinebours. The company bases sation uses a job-onder Current year on total fixed

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SHIP 9) Valvano Corporation uses a job order overhead rate based on machinebours. The company bases sation uses a job-onder Current year on total fixed manufacturing overhede w ith a single Overhead of achine-hours. The company based its predetermined over wide peedeemed manufacturing overhead is closest to ad of $2.20 per machine herd variable mancun for the 50000 machine-hours. The estimated to A) $440.000 B) $440,002 10) Helland Corporations C) 5550.000 D) $110.000 and Corporation uses a job-onder gosting system with a single plant wide predetermined overhead rate based on direct laborsbours. The company based its predictermined overhead rate for the current year on the following data Total direct labor-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per direct labor-hour 30,000 $ 189.000 2.50 The predetermined overhead rate is closest to A) S2.50 per direct labor-hour C) 58.80 per direct labor-hour B) S6.30 per direct labor-hour D) $11.30 per direct labor-hour 11) Juanita Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the following information: SHIFT Direct materials Direct labor Manufacturing overhead applied $ 480 $ 150 S600 An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed? D) $1,730 C) S500 B) $1,230 A) $1,330 12) Fusaro Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from the $684,000 beginning of the year 40,000 machine-hours Estimated activity level from the beginning of the year $616,000 Actual total fixed manufacturing overhead 37,700 machine-hours Actual activity level The amount of manufacturing overhead that would have been applied to all jobs during the period D) $684,000 is closest to: C) $580,580 A) $68,000 B) $644,670 08.800

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