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

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more