Question :
82.A source document that an employee uses to report how : 1258476
82.A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead is called a:
A. Payroll Register.
B. Factory payroll record.
C. General Ledger.
D. Time ticket.
E. Factory Overhead Ledger.
83.When factory payroll costs for labor are allocated in a job cost accounting system:
A. Factory Payroll is debited and Work in Process Inventory is credited.
B. Work in Process Inventory and Factory Overhead are debited and Factory Payroll is credited.
C. Cost of Goods Manufactured is debited and Direct Labor is credited.
D. Direct Labor and Indirect Labor are debited and Factory Payroll is credited.
E. Work in Process Inventory is debited and Factory Payroll is credited.
84.Oxford Company uses a job order costing system. In the last month, the system accumulated labor time tickets total $24,600 for direct labor and $4,300 for indirect labor. These costs were accumulated in Factory Payroll as they were paid. Which entry should Oxford make to assign the Factory Payroll?
A. Debit Payroll Expense $28,900; credit Cash $28,900.
B. Debit Payroll Expense $24,600; debit Factory Overhead $4,300; credit Factory Payroll $28,900.
C. Debit Work in Process Inventory $24,600; debit Factory Overhead $4,300; credit Factory Payroll $28,900.
D. Debit Work in Process Inventory $24,600; debit Factory Overhead $4,300; credit Wages Payable $28,900.
E. Debit Work in Process Inventory $28,900; credit Factory Payroll $28,900.
85.Labor costs in production can be:
A. Direct or indirect.
B. Indirect or sunk.
C. Direct or payroll.
D. Indirect or payroll.
E. Direct or sunk.
86.An example of direct labor cost is:
A. Supervisor salary
B. Maintenance worker wages
C. Janitor wages
D. Product assembler wages
E. Accountant salary
87.A company has an overhead application rate of 125% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $20,000?
A. $5,000.
B. $16,000.
C. $25,000.
D. $125,000.
E. $250,000.
88.The rate established prior to the beginning of a period that uses estimated overhead and an allocation factor such as estimated direct labor, and that is used to assign overhead cost to jobs, is the:
A. Predetermined overhead rate.
B. Overhead variance rate.
C. Estimated labor cost rate.
D. Chargeable overhead rate.
E. Miscellaneous overhead rate.
89.Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company’s production costs for the year were: direct labor, $30,000; direct materials, $50,000; and factory overhead applied $6,000. The overhead application rate was:
A. 5.0%.
B. 12.0%.
C. 20.0%.
D. 500.0%.
E. 16.7%.
90.Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $50,000 and direct materials used cost $80,000. Determine the amount of overhead Lowden Company should record in the current period.
A. $31,250.
B. $50,000.
C. $80,000.
D. $128,000.
E. $208,000.
91.The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead and a debit to:
A. Jobs Overhead Expense.
B. Cost of Goods Sold.
C. Finished Goods Inventory.
D. Indirect Labor.
E. Work in Process Inventory.
