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Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead

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Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $244.500 and 9,500 estimated direct labor hours. Actual manufacturing overhead for the year amounted to $245,200 and actual direct labor-hours were 6,200. The overhead for the year was: (Round your intermediate calculations to 2 decimal places.) Multiple Choice 0 $84.912 underapplied O o $85,612 underapplied O o $84,912 overapplied O O $85.612 overapplied Mccaskell Corporation's relevant range of activity is 7.000 units to 11,000 units. When it produces and sells 9.000 units, its average costs per unit are as follows: Average Cost per Unit $6.30 $3.65 $1.75 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense $9.90 $2.25 $1.80 1.00 If 8,000 units are produced, the total amount of direct manufacturing cost incurred is closest to Multiple Choice 0 $79,600 0 $93.600 0 $87.600 0 0 $172.800 A partial listing of costs incurred at Archut Corporation during September appears below. Direct materials Utilities, factory Administrative salaries Indirect labor Sales commissions Depreciation of production equipment Depreciation of administrative equipment Direct labor Advertising $113,000 $ 5,000 $ 81,000 $ 25,000 $ 48,000 $ 20,000 $ 30,000 $129,900 $135,000 The total of the product costs listed above for September is: Multiple Choice 0 $292000 0 $294.000 0 $50,000 0 $585.000 Bunnell Corporation is a manutacturer that uses job-order costing On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 54,500 $ 35,000 $ 44,100 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $12.50 per direct labor-hour was based on a cost formula that estimated $500,000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor-hours. The following transactions were recorded for the year a. Raw materials were purchased on account. $614,000 b. Raw materials used in production, $567,600. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor. $450,000: Indirect labor. $150,000, selling and administrative salaries, $290,000 d. Incurred various selling and administrative expenses leg. advertising, sales travel costs, and finished goods warehousing). $375.000 e Incurred various manufacturing overhead costs (eg. depreciation, Insurance, and utilities). $350.000 1 Manufacturing overhead cost was applied to production. The company actually worked 41000 direct labor-hours on all jobs during the year. g. Jobs costing $1.461.900 to manufacture according to their job cost sheets were completed during the year h. Jobs were sold on account to customers during the year for a total of $3,172.500. The jobs cost $1.471.900 to manufacture according to their job cost sheets Foundational 3-6 6. What is the journal entry to record the transfer of completed jobs that is referred to in item g above? (If no entry is required for transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the manufactured goods completed during this year. Note: Enter debits before credit Transaction Debit Credit General Journal Finished goods Work in process Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials Work in process Finished goods $ 34,5ee $ 35,00 $ 44,100 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $12.50 per direct labor-hour was based on a cost formula that estimated $500,000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $614,000 b. Raw materials used in production, S567,600. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor $450.000. Indirect labor. $150,000, selling and administrative salaries, $290.000 d. Incurred various selling and administrative expenses (eg, advertising, sales travel costs, and finished goods warehousing). $375,000 e Incurred various manufacturing overhead costs leg. depreciation Insurance, and utilities. $350,000 Manufacturing overhead cost was applied to production. The company actually worked 41000 direct labor-hours on all Jobs during the year. g Jobs costing $1.461.900 to manufacture according to their job cost sheets were completed during the year h. Jobs were sold on account to customers during the year for a total of $3.172.500. The jobs cost $1.471.900 to manufacture according to their job cost sheets Foundational 3-11 11. What is the journal entry to record the cost of goods sold referred to in tem h above? (If no entry is required transaction/event, select "No journal entry required in the first account fleid.) View transaction list Journal entry worksheet Record the cost of goods sold to the customer. Note: Enter debits before credits. Transaction Debit Credit General Journal Cost of goods sold P Finished and

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