The B&T Company's production costs for May are direct labor $16,000. Indirect labor, $6,000, direct materials. $14.400, property taxes on production facility $840, factory heat, lights and power $940, and insurance on plant and equipment, $140. B&T Company's factory overhead incurred for May is: Multiple Choice $38.320 520,400 $6,000 51.920 O 57.920 Job A38 was ordered by a customer on September 25. During the month of September Jaycee Corporation requisitioned $3,200 of direct materials and used $4700 of direct lobor The job was not finished by the end of the month, but needed an additional $3700 of direct materials in October and additional direct labor of $7.200 to finish the job. The company applies overhead at the end of each month at a rate of 150% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October? Multiple Choice $18,800 $21.00 O 536.650 $26.400 $33,300 Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $408.000, and direct labor costs to be $2,040,000. Actual overhead costs for the year totaled $386,000 and actual direct labor costs totaled $1.820,000 At year-end, Factory Overhead is Multiple Choice Overapplied by $22.000 Overapplied by $193,000 Underappled by $23,000 Overappiled by 544.000 Neither overapplied nor underapplied Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,200 of direct materials and used $3700 of direct labor. The job was not finished by the end of the month, but needed an additional $2,700 of direct materials and additional direct labor of $6.200 to finish the job in October. The company applies overhead at the end of each month at a rate of 150% of the direct labor cost incurred. What is the total cost of the job when it is completed in October Multiple Choice 514.800 St8.200 $29,650 $21.900 $26.800 CWN Company uses a job order costing system and last period incurred $74,000 of actual overhead and $100,000 of direct labor. CWN estimates that its overhead next period will be $81,000. It also expects to incur $100,000 of direct labor. If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: Multiple Choice OB1% o 74% O 91% 135 123 Lowden Company has an overhead application rate of 157% and allocates overhead based on direct material cost During the current period direct labor cost $58.000 and direct materials used cost $88,000. Determine the amount of overhead Lowden Company should record in the current period. Mme Choice 558.000 556051 SR8000 a 5138.360 $35,543 Jon A38 was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2.000 of direct materials and used $3.900 of direct labor. The job was not finished by the end of the month, but needed an additional $2.900 of direct materials and additional direct labor of $6,300 to finish the job in October. The company applies overhead at the end of each month a rate of 150% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B? Multiple Choice $9200 0 $12,150 O 55.300 510.200 56.300 Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $4.590.000 (270.000 hours at $17/hour) and that factory overhead would be $1570,000 for the current period. At the end of the period, the records show that there had been 250,000 hours of direct labor and $1.270.000 of actual overhead costs Using direct labor hours as a base. what was the predetermined overhead rate? (Round your answer to two decimal places) Multiple Choice $5.81 de direct labor hour 3470 per orect laborio O 55.37 per direct look how 3628 de oro 35 Techo The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory Work in Process Inventory Beginning WIP 6,300 Direct materials 48,900 Direct labor 31,400 Applied Overhead 17,500 Total Manufacturing costs 104,200 To Finished Goods Ending WIP 12,see The cost of units transferred to finished goods is: Multiple Choice 5716700 $104.2002 591700 Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for each employee hour worked. Materials are assigned to each job according to actual cost. It Job M.47 used $345 of materials and took 20 hours of labor to complete, what is the total cost that should be assigned to the job? Multiple Choice $585 5600 o $825 o 5945 5705 A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used Factory Dverhead 95,3ee 8S, 770 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP Work In Process Inventory 95,300 ? ? ? Beginning FG 123,900 Finished Goods Inventory 111,900 307,500 134,400 285,000 Ending FG Multiple Choice 5463,000 $70,790 $28.000 The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $3,450 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of S1,550 and direct labor cost of $850. Therefore, the amount of the applied overhead is Multiple Choice $1,900 52.400 d 51.050 O SOSO 52 500