The Thomlin Company forecasts that total overhead for the current year will be $11,298,000 with 156,000 total machine hours. Year to date, the actual overhead is $7,722,000 and the actual machine hours are 100,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a $522,000 underapplied b. $522,000 overapplied c5783,000 underapplied d. 1783,000 overapplied The journal entry to record the transfer of 1,170 units of part number 1177 with a value of $1.10 each, to work in process is $1,287 $1,287 $1,287 $1,287 a. Work in Process Factory Overhead Ob. Materials Work in Process c. Work in Process Materials d. Work in Process Cash $1,287 $1,287 $1,287 $1,287 The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 2,990 liters in beginning work in process inventory (30% complete). During the period 64,650 liters were completed. The ending work in process was 5.990 liters (70% completed). All inventories are costed by the first in, first-out method. What is the total equivalent units for direct materials (using the FIFO method) if materials were added at the beginning of the process? equivalent units The Thomlin Company forecasts that total overhead for the current year will be $11,209,000 with 194,000 total machine hours. Year to date, the actual overhead is $7,553,000 and the actual machine hours are 88,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours, a $39 per machine hour b. $127 per machine hour $86 per machine hour d. $58 per machine hour The Zoe Corporation has the following information for the month of March: Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 a. Determine the cost of goods manufactured. $16,783 23,440 37,564 18,322 18,881 22,823 23,217 b. Determine the cost of goods sold. Calculator Compute conversion costs given the following data: Direct Materials, $356,600; Direct Labor, $196,400; Factory Overhead, $208,000 and Selling Expenses, $39,400. a $761,000 Ob. $168,600 Oc. $404,400 d. $564,600 A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $329,900 and direct labor hours would be 47,700. Actual manufacturing overhead costs incurred were $321,500, and actual direct labor hours were 52,800. The entry to apply the factory overhead costs for the year would include a a credit to Factory Overhead for $365,376 b. credit to Factory Overhead for $329,900 debit to Factory Overhead for $365,376 d. debit to Factory Overhead for $321,500