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Short explaining for the choices For calculation questions, include the steps how you get the result for each question. For journal entry questions, provide the
- Short explaining for the choices
- For calculation questions, include the steps how you get the result for each question.
- For journal entry questions, provide the complete journal entry for the question;
- for the conceptual questions, explain the reason why you choose the one.
5) Beat Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour 40,000 $ 344,000 $3.90 Recently, Job M759 was completed. It required 60 machine-hours. The amount of overhead applied to Job M759 is closest to: (Round your intermediate calculations to 2 decimal places.) A) $750 Learning Objective: 02-01 Compute a predetermined overhead rate.; 02-02 Apply overhead cost to jobs using a B) $516 C) $984 D) $234 predetermined overhead rate. 6) Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturing Overhead applied to Work in Process was $92,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: A) debit to Manufacturing Overhead of S92,000 B) debit to Work in Process of $90,000 C) credit to Manufacturing Overhead of S92,000 D) credit to Work in Process of $90,000 Learning Objective: 03-01 Understand the flow of costs in a job-order costing system and prepare appropriate journal entries to record costs
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