29 Jun Question Dale Company, which applies o
Question
Dale Company, which applies overhead at the rate of 190% of direct labor cost, began work on job no. 101 during June. The job was completed in July and sold during August, having accumulated direct material and labor charges of $27,000 and $15,000, respectively. On the basis of this information, the total overhead applied to job no. 101 amounted to: Ch3 Q23
a. $70,500.
b. $51,300.
c. $79,800.
d. $28,500.
e. $0.
Question 3
3 points Save
Maher, Inc., applies manufacturing overhead at the rate of $60 per machine hour. Budgeted machine hours for the current period were anticipated to be 80,000; however, a lengthy strike resulted in actual machine hours being worked of only 65,000. Budgeted and actual manufacturing overhead figures for the year were $4,800,000 and $4,180,000, respectively. On the basis of this information, the company’s year-end overhead was:
a. underapplied by $900,000.
b. underapplied by $620,000.
c. underapplied by $280,000.
d. overapplied by $280,000.
e. overapplied by $620,000.
Question 4 3 points (Extra credit) Save
Copley uses a weighted-average process-costing system. All materials are added at the beginning of the process; conversion costs are incurred evenly throughout production. The company finished 40,000 units during the period and had 15,000 units in progress at year-end, the latter at the 40% stage of completion. Total material costs amounted to $220,000; conversion costs were $414,000.
The cost of the ending work in process is:
a. $54,000.
b. $78,000.
c. $114,000.
d. $195,000.
e. some other amount.
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