Question : 96.              Manufacturing overhead applied added to direct labor incurred and : 1311614

96.              Manufacturing overhead applied is added to direct labor incurred and to what other item to equal total manufacturing costs for the period?

a.Goods available for sale.

b.Raw materials purchased.

c.Work in process.

d.Direct materials used.

97.              Simmons Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of $7,200. What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is $30,000?

a.$7,500.

b.$8,000.

c.$14,800.

d.$30,000.

98.              Spencer Inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. Job No. 130, the only job still in process at the end of August, has been charged with manufacturing overhead of $5,000. What was the amount of direct materials charged to Job 130 assuming the balance in Work in Process inventory is $20,000?

a.$5,000.

b.$6,250.

c.$8,750.

d.$20,000.

99.              For Jacobs Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $300,000 of factory labor costs are incurred of which $70,000 is indirect labor. Actual overhead incurred was $160,000. The amount of overhead debited to Work in Process Inventory should be:

a.$161,000

b.$160,000

c.$210,000

d.$230,000

100.Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $150,000 of direct materials costs and $200,000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is:

a.$350,000

b.$450,000

c.$500,000

d.$550,000

101.For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $360,000 of factory labor costs are incurred of which $100,000 is indirect labor. Actual overhead incurred was $180,000. The amount of overhead debited to Work in Process Inventory should be:

a.$182,000

b.$180,000

c.$252,000

d.$260,000

102.At the beginning of the year, Monroe Company estimates annual overhead costs to be $1,600,000 and that 300,000 machine hours will be operated. Using machine hours as a base, the amount of overhead applied during the year if actual machine hours for the year was 315,000 hours is

a.$1,600,000.

b.$1,523,809.

c.$1,120,000.

d.$1,680,000.

103.Cost of goods sold is obtained from

a.analysis of all the control accounts in the cost system.

b.the finished goods inventory records.

c.the work in process inventory records.

d.the Raw Materials Inventory control account.

104.When determining costs of jobs, how does a company account for indirect materials?

a.It is added to work in process as used.

b.It remains part of raw materials inventory.

c.It is transferred out of raw materials into manufacturing overhead when used.

d.It is transferred out of raw materials into work in process as used.

105.In a job order cost system, a credit to Manufacturing Overhead will be accompanied by a debit to

a.Cost of Goods Manufactured.

b.Finished Goods Inventory.

c.Work in Process Inventory.

d.Raw Materials Inventory.