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1 Sawyer Manufacturing Corporation as a predetermined overhead based direct labor-hours to apply manufacturing overhead to jobs Last year, the Corporation worked 57,000 actual direct labor-bours incurred $345.000 of manufacturing overhead cost. The Corporation had estimated that it would work 55.000 direct labor-hours during the year and incur 5330,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was a) overapplied by S15,000 b) underapplied by 5 15.000 e) overapplied by $3.000, d) underupplied by 33.000 Jameson Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year Direct materials Direct labor $19,000 Rent on factory building $18,000 Sales salaries $24.000 Depreciation on factory equipment Indirect labor $11,000 Production supervisor's salary $14.000 Jameson estimates that 24.000 direct laber-hours will be worked during the year. The predetermined overhead rate per hour will be a) $200 b) 52.79 c) $3.00 d) $4.00 15.000 57.000 Fabian Corporation uses the weighted average method in its process costing system. The Assembly Department started the month with 9.000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 90,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department During the month 87,000 units were completed in the Assembly Department and transferred to the next processing department. There were 12,000 units in the ending work in process inventory of the Assembly Department that were 20% complete with respect to conversion costs What were the equivalent units for conversion costs in the Assembly Department for the month? a) 93.000 b) 83,100 c) 87.000 d) 89,400 4 Barnett Corporation uses the weighted average method in its process costing system. The company adds materials at the beginning of the process in Department M. Conversion costs were 75% complete with respect to the 4,000 units in work in process at May 1 and 50% complete with respect to the 6,000 units in work in process at May 31. During May, 12,000 units were completed and transferred to the next department. An analysis of the costs relating to work in process at May 1 and to production activity for May follows Work in process May 1 Costs added during May... Materials $13.800 $42.000 Conversion $3.740 $26 260 The total cost per equivalent unit for May was A $5.02 B 55.10 CS5.12 DS5 25