Question : 41. Rolling Hills ConstructionRolling Hills Construction Co. assigns overhead to specific : 1291677

41. Rolling Hills ConstructionRolling Hills Construction Co. assigns overhead to specific jobs based on actual direct labor cost (dollars). The following information is available for the month of June: 

Estimated direct labor hours

2,000 hours

Estimated direct labor cost per hour

$12/hour

Estimated overhead costs

$3,000

Actual direct labor hours

2,300 hours

Actual direct labor cost per hour

$13/hour

Actual overhead costs

$3,300

Refer to the Rolling Hills Construction information above. The predetermined overhead rate for the month of June is: A. $0.125 per direct labor dollarB. $1.250 per direct labor dollarC. $0.110 per direct labor dollarD. $8.000 per direct labor dollar

42. Rolling Hills ConstructionRolling Hills Construction Co. assigns overhead to specific jobs based on actual direct labor cost (dollars). The following information is available for the month of June: 

Estimated direct labor hours

2,000 hours

Estimated direct labor cost per hour

$12/hour

Estimated overhead costs

$3,000

Actual direct labor hours

2,300 hours

Actual direct labor cost per hour

$13/hour

Actual overhead costs

$3,300

Refer to the Rolling Hills Construction information above. The amount of overhead applied for June is: A. $3,450.00B. $3,000.00C. $3,737.50D. $5,900.00

43. Martin Manufacturing assigns overhead to jobs based on machine hours. At the beginning of the current year, estimated overhead costs were $250,000 and estimated machine hours were 50,000. During the year, 150 machine hours were used on Job #108. By the end of the year, actual overhead costs were calculated to be $232,500 and actual machine hours were 5,000.How much overhead was applied to Job #108 during the year? A. $630.00B. $708.75C. $622.22D. $750.00

44. Giles Inc.Giles Inc. manufactures high quality golfing equipment. Giles assigns overhead to products based on machine hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated machine hours were 50,000. During the year, 54,000 machine hours were actually used. By the end of the year, actual overhead costs were calculated to be $529,200. Refer to the Giles Inc. information above. What was the predetermined overhead rate? A. $10.00 per machine hourB. $    .10 per machine hourC. $  9.80 per machine hourD. $10.58 per machine hour

45. Giles Inc.Giles Inc. manufactures high quality golfing equipment. Giles assigns overhead to products based on machine hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated machine hours were 50,000. During the year, 54,000 machine hours were actually used. By the end of the year, actual overhead costs were calculated to be $529,200. Refer to the Giles Inc. information above. How much total overhead was applied to products during the year? A. $571,536B. $540,000C. $490,000D. $529,200

46. Giles Inc.Giles Inc. manufactures high quality golfing equipment. Giles assigns overhead to products based on machine hours. At the beginning of the current year, estimated overhead costs were $500,000 and estimated machine hours were 50,000. During the year, 54,000 machine hours were actually used. By the end of the year, actual overhead costs were calculated to be $529,200. Refer to the Giles Inc. information above. By how much was overhead over- or underapplied for the year? A. $39,200 underappliedB. $29,200 underappliedC. $10,800 overappliedD. $42,336 overapplied

47. Teresa SummerlinTeresa Summerlin manufactures hand-crafted pottery. Overhead is applied to products based on direct labor hours. At the beginning of the current year, Teresa estimated total overhead costs would be $30,000 and estimated direct labor hours would be 20,000. Actual overhead costs for the year totaled $36,000 for 18,000 actual direct labor hours. Refer to the Teresa Summerlin information above. How much overhead was applied during the year? A. $27,000B. $40,000C. $32,400D. $33,400

48. Teresa SummerlinTeresa Summerlin manufactures hand-crafted pottery. Overhead is applied to products based on direct labor hours. At the beginning of the current year, Teresa estimated total overhead costs would be $30,000 and estimated direct labor hours would be 20,000. Actual overhead costs for the year totaled $36,000 for 18,000 actual direct labor hours. Refer to the Teresa Summerlin information above. By how much was overhead underapplied for the year? A. $2,600 underappliedB. $9,000 underappliedC. $3,000 underappliedD. $6,000 underapplied

49. Nelson Manufacturing applies overhead to its manufactured products based on direct labor hours. Last year, total overhead costs were estimated to be $108,900. Actual overhead costs ended up totaling $115,000 when 10,000 direct labor hours were actually worked. At the end of the year, overhead was overapplied by $6,000.What was the predetermined overhead rate that must have been used during the year? A. $11.50 per direct labor hourB. $10.60 per direct labor hourC. $12.10 per direct labor hourD. $10.90 per direct labor hour

50. Southern Manufacturing applies overhead to its products based on direct labor hours. During 2011 the company allocated overhead using a predetermined overhead rate of $5.25. At the end of 2011 it was determined that overhead was underapplied by $10,000. Which of the following could not be a possible reason for overhead being underapplied? A. Estimated overhead costs differed from actual overhead costs.B. Estimated direct labor hours differed from actual direct labor hours.C. The cost driver does not have enough correlation with overhead costs.D. Applied overhead was higher than actual overhead.