Question : Answer the following questions using the information below: Pearl Corp. applies : 1212063

Answer the following questions using the information below:

Pearl Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $50,000; 400 direct manufacturing labor-hours at $20 per hour; and a 30% markup rate on total manufacturing costs.

21) Estimated total product costs for this special order equal ________.

A) $96,000

B) $76,000

C) $80,000

D) $82,000

22) The bid price for this special order is ________.

A) $66,000

B) $106,600

C) $86,600

D) $116,600

Filex Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect-cost rate of $18 per direct labor-hour. The following data are obtained from the accounting records for June 2014:

Direct materials $140,000

Direct labor (4,000 hours @ $10/hour) 40,000

Indirect labor 13,000

Plant facility rent 30,000

Depreciation on plant machinery and equipment 22,500

Sales commissions 24,000

Administrative expenses 28,000

23) The amount of manufacturing overhead allocated to all jobs during June 2014 totals ________.

A) $93,500

B) $72,000

C) $89,000

D) $65,500

24) For June 2014, manufacturing overhead is ________.

A) overallocated by $6,500

B) underallocated by $21,500

C) overallocated by $21,500

D) underallocated by $6,500

Answer the following questions using the information below:

Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 20X3, the following estimates were provided for the coming year:

MachiningAssembly

Direct labor-hours 30,000 60,000

Machine-hours 80,000 20,000

Direct labor cost $500,000 $900,000

Manufacturing overhead costs $420,000 $240,000

The accounting records of the company show the following data for Job #316:

MachiningAssembly

Direct labor-hours 120 70

Machine-hours 60 5

Direct material cost $300 $200

Direct labor cost $100 $400

25) For Bauer Manufacturing, what is the annual manufacturing overhead cost-allocation rate for the Machining Department?

A) $4.00

B) $4.20

C) $4.67

D) $5.25

26) What amount of manufacturing overhead costs will be allocated to Job #316?

A) $439

B) $502

C) $595

D) $532

27) What are the total manufacturing costs of Job #316?

A) $715

B) $880

C) $1,595

D) $1,000

Answer the following questions using the information below:

Wayland Manufacturing uses a normal cost system and had the following data available for 2010:

Direct materials purchased on account $ 148,000

Direct materials requisitioned 82,000

Direct labor cost incurred 130,000

Factory overhead incurred 146,000

Cost of goods completed 292,000

Cost of goods sold 256,000

Beginning direct materials inventory 26,000

Beginning WIP inventory 64,000

Beginning finished goods inventory 58,000

Overhead application rate, as a percent of direct-labor costs 125 percent

28) The journal entry to record the materials placed into production would include a ________.

A) credit to Direct Materials Inventory for $82,000

B) debit to Direct Materials Inventory for $148,000

C) credit to WIP Inventory for $82,000

D) debit to WIP Inventory for $148,000

29) The ending balance of direct materials inventory is ________.

A) $92,000

B) $174,000

C) $82,000

D) $108,000

30) The ending balance of work-in-process inventory is ________.

A) $438,500

B) $146,500

C) $130,000

D) $422,000

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July 1, 2023

61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.