To answer questions 11 & 15(a-e) use the following answer choices below:

$7500

$14000

$18210

$70000

$120000

$180000

$225000

$232500

$420000

To answer questions 12-14 use the following answer choices below.

Administrative

Beginning

Contribution

Cost driver

Direct labor

Direct labor-hours

Direct materials

Dollars of direct labor cost

Ending

Expensed

Fixed

Fixed manufacturing overhead

For the period ended

Income statement

Indirect labor

Indirect materials

Job cost

Level of activity

Machine-hours

Manufacturing

Manufacturing overhead

Margin

Name of company

Overapplied

Period

Predetermined overhead rate

Process cost

Selling

Statement of cost of goods manufactured

Total budgeted overhead

Underapplied

Variable costing

Work inprocess inventory

11. 12. Using the same data as in the preceding question, with Direct Labor costing $140,000 and Direct Materials costing $90,000, Manufacturing Overhead is $ The entry to assign manufacturing overhead to production includes a debit to and a credit to The two major types of cost accumulation systems are the system and the system. A system would be employed in accounting for the costs of constructing an apartment building. 13. 14. The three elements of manufacturing cost are and 15. Job No. 307 Job No. 308 $15,000 SO 0 Assume the following information relates to the Q Company for the Month of May: Job No. 306 In process - May 1: Materials $30,000 Labor 45,000 Overhead 67,500 Costs added in May: Materials 7,500 Labor 30,000 Overhead ? 30,000 45,000 0 30,000 30,000 30,000 60,000 ? ? Actual overhead costs incurred in May amounted to $172,500. Job Nos. 306 and 307 were completed and transferred out in May. Overhead is applied using a predetermined overhead rate. From the above data compute: a. The cost of the May 1 work in process inventory b. The total amount of overhead assigned to production in May assuming no change in the overhead rate employed. C. The cost of Job No. 306 when completed. d. The cost of the goods completed and transferred. e. The cost of the May 30 work in process inventory