1. At the beginning of the year, manufacturing overhead for the year was estimated to be $266,200. At the end of the year, actual direct labor-hours for the year were 22,500 hours, the actual manufacturing overhead for the year was $265,300, and manufacturing overhead for the year was overapplied by $6,950. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: (Round your intermediate calculations to 2 decimal places.)

• 21,600 direct labor-hours
• 20,500 direct labor-hours
• 22,500 direct labor-hours
• 22,000 direct labor-hours

2.The following data have been recorded for recently completed Job 674 on its job cost sheet. Direct materials cost was $2,088. A total of 33 direct labor-hours and 273 machine-hours were worked on the job. The direct labor wage rate is $18 per labor-hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $25 per machine-hour. The total cost for the job on its job cost sheet would be:

• $9,507
• $6,463
• $6,882
• $11,652

3.Job 731 was recently completed. The following data have been recorded on its job cost sheet:

• Direct materials   $2,431    
• Direct labor-hours   70     labor-hours
• Direct labor wage rate   $ 22     per labor-hour
• Machine-hours   139     machine-hours

The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $23 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 731 would be:

$4,492

$7,168

$3,971

$8,008

4.Hults Corporation has provided data concerning the company's Manufacturing Overhead account for the month of November. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $74,650 and the total of the credits to the account was $66,900. Which of the following statements is true?

• Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $74,650.
• Manufacturing overhead for the month was underapplied by $7,750.
• Manufacturing overhead applied to Work in Process for the month was $74,650.
• Actual manufacturing overhead incurred during the month was $66,900.

5.During October, Crusan Corporation incurred $66,200 of direct labor costs and $8,100 of indirect labor costs. The journal entry to record the accrual of these wages would include a:

• credit to Work in Process of $74,300
• credit to Work in Process of $66,200
• debit to Work in Process of $74,300
• debit to Work in Process of $66,200

6.Valles Corporation had $22,600 of raw materials on hand on February 1. During the month, the company purchased an additional $82,200 of raw materials. The journal entry to record the purchase of raw materials would include a:

• debit to Raw Materials of $104,800
• debit to Raw Materials of $82,200
• credit to Raw Materials of $82,200
• credit to Raw Materials of $104,800

7.During February, Degan Inc. transferred $69,300 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $74,690. The journal entries to record these transactions would include a:

• credit to Finished Goods of $69,300
• debit to Finished Goods of $74,690
• credit to Cost of Goods Sold of $74,690
• credit to Work in Process of $69,300

8.At the beginning of August, Hogancamp Corporation had $26,800 of raw materials on hand. During the month, the company purchased an additional $75,600 of raw materials. During August, $82,800 of raw materials were requisitioned from the storeroom for use in production. The credits to the Raw Materials account for the month of August total:

• $26,800
• $102,400
• $75,600
• $82,800

9.The Donaldson Company uses a job-order costing system. The following data were recorded for July:

July 1  

Work in Process  
Added During July

Job Number   Inventory   Direct
Materials   Direct
Labor
475   $2,170     $570     $345
476   $1,320     $1,070     $1,810
477   $1,040     $1,920     $1,770
478   $1,260     $1,330     $2,010
  
Overhead is applied to jobs at the rate of 60% of direct materials cost. Jobs 475, 477, and 478 were completed during July and transferred to finished goods. Jobs 475 and 478 have been delivered to the customer. Donaldson's Work in Process inventory balance on July 31 was:

• $8,962
• $5,002
• $4,842
• $4,282

10.Jurper Corporation used $173,000 of direct materials during April. At the end of April, Jurper's direct materials inventory was $29,100 more than it was at the beginning of the month. Direct materials purchases during the April amounted to:

• $202,100
• $202,500
• $0
• $143,900

11.Gest Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $50,900 and at the end of the month was $44,300. The cost of goods manufactured for the month was $303,000. The actual manufacturing overhead cost incurred was $100,200 and the manufacturing overhead cost applied to Work in Process was $89,000. The adjusted cost of goods sold that would appear on the income statement for November is:

• $298,400
• $320,800
• $309,600
• $296,400

12.Snappy Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Manufacturing overhead cost and direct labor hours were estimated at $80,000 and 40,000 hours, respectively, for the year. In July, Job #334 was completed at a cost of $3,500 in direct materials and $2,000 in direct labor. The labor rate is $5 per hour. By the end of the year, Snappy had worked a total of 44,500 direct labor-hours and had incurred $85,290 actual manufacturing overhead cost.

If Job #334 contained 150 units, the unit product cost on the completed job cost sheet would be: (Round intermediate calculations to 2 decimal places.)

• $41.90
• $42.00
• $39.50
• $37.00

13.During September, Stutzman Corporation incurred $93,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $88,000.

The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a:

• credit to Manufacturing Overhead of $93,000
• debit to Work in Process of $88,000
• credit to Work in Process of $88,000
• debit to Manufacturing Overhead of $93,000

14.During September, Stutzman Corporation incurred $78,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $73,000.

The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:

• debit to Work in Process of $78,000
• debit to Manufacturing Overhead of $73,000
• credit to Manufacturing Overhead of $73,000
• credit to Work in Process of $78,000