Question : 16) If direct labor for the month $30,000, overhead applied : 1177343

16) If direct labor for the month is $30,000, overhead is applied based on direct labor, annual overhead is estimated to be $500,000, and annual direct labor is estimated to be $800,000, what is the entry to apply overhead to production?

A) Debit Work-in-Process Inventory $18,750; credit Payroll $18,750

B) Debit Overhead-Applied $18,750; credit Work-in-Process Inventory $18,750

C) Debit Work-in-Process Inventory $18,750; credit Overhead-Applied $18,750

D) Debit Work-in-Process Inventory $30,000; credit Overhead-Applied $30,000

17) The entry to record rent expense $9,000, supervision expense $19,000, and depreciation expense $7,000 to overhead is:

A) debit Overhead-Applied $35,000; credit Rent Expense $9,000, Supervision $19,000, Depreciation Expense $7,000.

B) debit Overhead-Control $35,000; credit Rent Expense $9,000, Supervision $19,000, Depreciation Expense $7,000.

C) debit Overhead-Applied $35,000; credit Overhead-Control $35,000.

D) None of these answers are correct.

18) Madison Manufacturing is using a manufacturing overhead application rate of 110% of direct labor dollars. If direct labor was 10 hours at $15 per hour, how much overhead should be applied to the job?

A) $135

B) $165

C) $160

D) $150

19) Molly Manufacturing is using a manufacturing overhead application rate of 125% of machine hours. Machine hours are $9/hour and uses 35 hours. How much overhead should be applied to the job?

A) $315.00

B) $393.75

C) ($393.75)

D) ($315.00)

20) Adams Manufacturing has estimated manufacturing overhead at $72,000 and has estimated direct labor of 10,000 direct labor hours at $9.00 per hour. The overhead rate per direct labor dollar would be:

A) $0.80

B) $8.00.

C) $1.25.

D) $7.20.

21) Sylvan Manufacturing applies overhead based on direct labor hours. At the beginning of the year, it estimated that overhead costs would be $75,000 and direct labor hours would be 10,000. The applied overhead rate per direct labor hour is:

A) $7.50.

B) $15.00.

C) $0.1333.

D) none of the above.

22) If the overhead applied rate based on direct labor hours is $7.00 and the actual labor hours are 5,000, what is the amount credited to Overhead-Applied?

A) $3500

B) $350

C) $35,000

D) None of the above

23) The estimated manufacturing overhead cost was $20,000 and estimated machine hours were 10,000. Actual manufacturing overhead cost was $22,000 and actual machine hours were 12,000. The overhead application rate per hour based on machine hours is:

A) $1.83.

B) $2.00.

C) $4.00.

D) $5.00.

24) Estimated manufacturing overhead costs were $40,000 and the number of estimated machine hours was 10,000. Actual overhead costs were $40,500 and the actual number of machine hours used was 10,200. Based on machine hours, the overhead application rate per hour is:

A) $3.97.

B) $3.92.

C) $4.00.

D) $4.05.

25) If direct labor for the month is $40,000, overhead is applied based on direct labor, annual overhead is $600,000, and annual direct labor is $1,000,000, what is the entry to charge direct labor to production?

A) Debit Work-in-Process Inventory $40,000; credit Payroll $40,000

B) Debit Overhead-Applied $40,000; credit Work-in-Process Inventory $40,000

C) Debit Work-in-Process Inventory $24,000; credit Overhead-Applied $24,000

D) Debit Work-in-Process Inventory $66,000; credit Overhead-Applied $66,000