29 Jun Question 1. Determine the amount of manufacturing overhead given the following information: .gif”>
Question
1. Determine the amount of manufacturing overhead given the following information:
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A. $7,750.
B. $10,430.
C. $9,750.
D. $11,080.
2. Flow of manufacturing costs
The following data are taken from the accounting records of Gregory Mfg. Co.:
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Compute the following for the current year:
(a) Direct materials purchased: $____________ (b) Total manufacturing costs charged to production (the Work in Process Inventory account): $____________ (c) The cost of finished goods manufactured: $____________ (d) The cost of goods sold: $____________
3. Use the following information to answer questions:
Starbright manufactures children car seats, strollers, and baby swings. Starbright manufacturing costs are budgeted as follows:
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The company uses activity-based costing to allocate its manufacturing overhead costs to products based on the following schedule:
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During the current month, the following levels of activities were incurred:
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What are the setup costs allocated to Strollers during the current month?
A. $9,036.
B. $6,502.
C. $14,458.
D. Cannot be determined.
What are the factory foremen salaries allocated to Car Seats during the current month?
A. $11,607.
B. $26,786.
C. $36,607.
D. $75,000.
What are the factory utilities costs allocated to Baby Swings during the current month?
A. $210,000.
B. $51,808.
C. $34,016.
D. $19,177.
What are the total manufacturing overhead costs allocated to the Car Seats for the current month?
A. $69,837.
B. $102,873.
C. $37,290.
4. Job order cost system-journal entries
Paxton Products, which uses a job order cost system, completed the following transactions during the current month:
(A) Materials costing $75,000 were used on various jobs.
(B) Time cards of direct workers indicate direct labor costs of $125,000 for the month.
(C) Overhead is applied to jobs at a rate of 75% of direct labor cost.
(D) Jobs with total accumulated costs of $165,000 were finished during the month.
(E) Units costing $210,000 were sold during the month at sales prices totaling $390,000. All sales were on account.
In the space provided, prepare a general journal entry for the month summarizing each of the above categor
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