64. Dowan Company uses a predetermined overhead rate based on direct labor-hours to apply…

64. Dowan Company uses a predetermined overhead rate
based on direct labor-hours to apply manufacturing overhead to jobs. Last year
Dowan Company incurred $156,600 in actual manufacturing overhead cost. The
Manufacturing Overhead account showed that manufacturing overhead was
underapplied by $12,600 for the year. If the predetermined overhead rate is
$6.00 per direct labor-hour, how many hours did the company work during the
year?
A. 26,000 hours
B. 24,000 hours
C. 28,200 hours
D. 25,000 hours

65. Kelson Company applies overhead to jobs on the
basis of 60% of direct labor cost. If Job 201 shows $27,000 of manufacturing
overhead applied, the direct labor cost on the job was:
A. $16,200
B. $27,000
C. $37,800
D. $45,000

66. The following accounts are from last year’s books
at Sharp Manufacturing:

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Sharp uses job-order costing and applies manufacturing overhead to jobs based
on direct labor costs. What is the amount of cost of goods manufactured for the
year?
A. $252,000
B. $227,000
C. $230,000
D. $255,000

67. Jurper Corporation used $150,000 of direct
materials during April. At the end of April, Jurper’s direct materials
inventory was $25,000 more than it was at the beginning of the month. Direct
materials purchases during the April amounted to:
A. $0
B. $125,000
C. $150,000
D. $175,000

68. Botton Inc. has provided the following data for
the month of March. There were no beginning inventories; consequently, the
direct materials, direct labor, and manufacturing overhead applied listed below
are all for the current month.

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Manufacturing overhead for the month was underapplied by $7,000.

The company allocates any underapplied or overapplied manufacturing overhead
among work in process, finished goods, and cost of goods sold at the end of the
month on the basis of the overhead applied during the month in those accounts.
The cost of goods sold for March after allocation of any underapplied or
overapplied manufacturing overhead for the month is closest to:
A. $163,490
B. $177,490
C. $165,030
D. $175,950

69. Desrevisseau Inc., a manufacturing company, has
provided the following data for the month of August. The balance in the Work in
Process inventory account was $10,000 at the beginning of the month and $22,000
at the end of the month. During the month, the company incurred direct
materials cost of $63,000 and direct labor cost of $39,000. The actual
manufacturing overhead cost incurred was $40,000. The manufacturing overhead
cost applied to Work in Process was $43,000. The cost of goods manufactured for
August was:
A. $133,000
B. $142,000
C. $145,000
D. $130,000

70. Under Lamprey Company’s job-order costing system,
manufacturing overhead is applied to Work in Process inventory using a
predetermined overhead rate. During January, Lamprey’s transactions included
the following:

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Lamprey Company had no beginning or ending inventories. What was the cost of
goods manufactured for January?
A. $302,000
B. $310,000
C. $322,000
D. $330,000

71. Delhoyo Corporation, a manufacturing company, has
provided data concerning its operations for September. The beginning balance in
the raw materials account was $37,000 and the ending balance was $29,000. Raw
materials purchased during the month totaled $57,000. Manufacturing overhead
cost incurred during the month was $102,000, of which $2,000 consisted of raw
materials classified as indirect materials. The direct materials cost for
September was:
A. $63,000
B. $57,000
C. $65,000
D. $49,000

72. Gest Inc. has provided the following data for the
month of November. The balance in the Finished Goods inventory account at the
beginning of the month was $49,000 and at the end of the month was $45,000. The
cost of goods manufactured for the month was $226,000. The actual manufacturing
overhead cost incurred was $74,000 and the manufacturing overhead cost applied
to Work in Process was $70,000. The adjusted cost of goods sold that would
appear on the income statement for November is:
A. $226,000
B. $230,000
C. $222,000
D. $234,000

73. Dydell Inc. has provided the following data for
the month of December. There were no beginning inventories; consequently, the
direct materials, direct labor, and manufacturing overhead applied listed below
are all for the current month.

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Manufacturing overhead for the month was overapplied by $7,000.

The company allocates any underapplied or overapplied manufacturing overhead
among work in process, finished goods, and cost of goods sold at the end of the
month on the basis of the overhead applied during the month in those accounts.
The finished goods inventory at the end of December after allocation of any
underapplied or overapplied manufacturing overhead for the month is closest
to:
A. $27,498
B. $30,220
C. $30,282
D. $27,560

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