Vera Whisbey and Herman Coutts both work as night security guards at Beeley Manufacturing. Vera and Herman were bored one night so they decided to have a contest to see who could throw a paper airplane the farthest. Vera won this competition hands down. This crushed Hermans ego so he decided to change the contest to who could throw a flaming paper airplane the farthest. The winner of this contest was never declared because the first flight put corporate headquarters ablaze.

Beeley uses a job-order cost system and your job is to try to piece together last years data from the burnt remains. The following information was all that was saved from the fiery paper airplane crash:

Finished goods inventory, 12/31 . $8,100

Predetermined OH rate $1.40 per Direct Labor Hour

Work in Process Inventory, 1/1.... $2,400

Direct materials inventory, 12/31 $9,300

Direct materials inventory, 1/1. $1,600

Cost of Goods Manufactured ... $88,200

Estimated DLH* for the year ... 12,320 hrs.

Actual DLH* for the year . 11,200 hrs.

Finished Goods Inventory, 1/1. $14,600

Work in Process Inventory, 12/31 $6,900

Direct Materials Assigned to production

For the year$31,100

Overapplied (absorbed) manufacturing

Overhead.$1,400

*DLH = Direct Labor Hours

15. What was the actual manufacturing overhead cost incurred at Beeley last year?

1. $7,400
2. $14,280
3. $15,680
4. $17,080
5. None of the above

16. What was Beeley expecting manufacturing overhead cost to be last year?

1. $8,800
2. $14,280
3. $17,080
4. $17,248
5. None of the above

17. How much direct labor cost was assigned to production at Beeley last year?

1. $36,920
2. $44,352
3. $45,920
4. $47,320
5. None of the above

18. What was Beeleys cost of goods sold for last year before any adjustment for overapplied overhead?

1. $81,700
2. $83,700
3. $92,700
4. Cannot be determined
5. None of the above