Home / Questions / Before the year began, Johnson Manufacturing estimated that manufacturing overhead for the

Before the year began, Johnson Manufacturing estimated that manufacturing overhead for the

Before the year began, Johnson Manufacturing estimated that manufacturing overhead for the year would be $160,000 and that 12,000 direct labor hours would be worked. Actual results for the year included the following:

Actual manufacturing overhead cost

$175,000

Actual direct labor hours

         15,000

 

The predetermined manufacturing overhead rate per direct labor hour is closest to:

A) $13.33.

B) $10.67.

C) $11.67.

D) $14.58.

32) Before the year began, Johnson Manufacturing estimated that manufacturing overhead for the year would be $160,000 and that 12,000 direct labor hours would be worked. Actual results for the year included the following:

Actual manufacturing overhead cost

$175,000

Actual direct labor hours

         15,000

 

The amount of manufacturing overhead allocated for the year based on direct labor hours would have been:

A) $160,000.

B) $167,500.

C) $175,000.

D) $200,000.

33) Here are selected basic data for Garrett Company:

Estimated manufacturing overhead

$240,000

Factory utilities

$29,100

Estimated labor hours

  $35,000

Indirect labor

$23,500

Actual direct labor hours

$36,000

Sales commissions                  

$53,700

Estimated direct labor cost

$300,000

Factory rent

$49,200

Actual direct labor cost

$320,00

Factory property taxes

$28,100

Factory depreciation

$67,200

Indirect materials

$33,000

If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs?

A) $230,100

B) $173,600

C) $260,300

D) $283,800

34) Here are selected data for Garrett Company:

Estimated manufacturing overhead

$240,000

Factory utilities

$29,100

Estimated labor hours

  $35,000

Indirect labor

$23,500

Actual direct labor hours

$36,000

Sales commissions                  

$53,700

Estimated direct labor cost

$300,000

Factory rent

$49,200

Actual direct labor cost

$320,00

Factory property taxes

$28,100

Factory depreciation

$67,200

Indirect materials

$33,000

 

If the company allocates overhead based on direct labor cost, what is the predetermined manufacturing overhead rate?

A) 94% of direct labor cost

B) 125% of direct labor cost

C) 75% of direct labor cost

D) 80% of direct labor cost

35) Here are selected data for Garrett Company:

Beginning raw materials inventory

$37,000

Beginning work in process inventory

    61,500

Beginning finished goods inventory

    57,500

Cost of materials purchased

151,000

Cost of direct materials requisitioned

    91,300

Direct labor incurred

  127,000

Actual manufacturing overhead

  160,000

Cost of goods manufactured

293,000

Cost of goods sold

257,000

Manufacturing overhead rate

(% of direct labor) 

120%

 

If the company allocates manufacturing overhead based on direct labor cost, what are the allocated manufacturing overhead costs?

A) $240,000

B) $256,000

C) $230,100

D) $400,000

36) Here are selected data for Ansel Corporation:

Beginning raw materials inventory

$37,000

Beginning work in process

inventory

    61,500

Beginning finished goods inventory

    57,500

Cost of materials purchased

151,000

Cost of direct materials requisitioned

    91,300

Direct labor incurred

  127,000

Actual manufacturing overhead

  160,000

Cost of goods manufactured

293,000

Cost of goods sold

257,000

Manufacturing overhead rate  (% of direct labor) 

120%

 

What is the ending work in process inventory balance?

A) $206,500

B) $198,900

C) $139,200

D) $146,800

37) Here are selected data for Ansel Corporation:

Beginning raw materials inventory

$37,000

Beginning work in process

inventory

    61,500

Beginning finished goods inventory

    57,500

Cost of materials purchased

151,000

Cost of direct materials requisitioned

    91,300

Direct labor incurred

  127,000

Actual manufacturing overhead

  160,000

Cost of goods manufactured

293,000

Cost of goods sold

257,000

Manufacturing overhead rate

(% of direct labor) 

120%

 

What is the finished goods ending inventory?

A) $93,500

B) $293,000

C) $78,500

D) $492,500

38) Job 2908 requires $12,000 of direct materials, $5,500 of direct labor, 500 direct labor hours, and 250 machine hours. It also requires 9 hours of inspection at $40 per hour. Manufacturing overhead is computed at $25 per direct labor hour used and $45 per machine hour used.

The total amount of overhead allocated is:

A) $23,750.

B) $30,000.

C) $41,250.

D) $12,500.

39) Howard & Sons allocates manufacturing overhead to jobs based on machine hours. The company has the following estimated costs for the upcoming year:

Direct materials used

$50,000

Direct labor costs

$70,000

Wages of factory janitors

$35,000

Sales supervisor salary

$51,000

Utilities for factory

$17,000

Rent on factory building

$12,000

Advertising expense

$5,000

The company estimates that 1,600 direct labor hours will be worked in the upcoming year, while 1,000 machine hours will be used during the year. The predetermined manufacturing overhead rate per machine hour will be:

A) $64.

B) $29.

C) $240.

D) $120.

40) Howard & Sons allocates manufacturing overhead to jobs based on direct labor hours. The company has the following estimated costs for the upcoming year:

Direct materials used

$50,000

Direct labor costs

$70,000

Wages of factory janitors

$35,000

Sales supervisor salary

$51,000

Utilities for factory

$17,000

Rent on factory building

$12,000

Advertising expense

$5,000

 

The company estimates that 1,600 direct labor hours will be worked in the upcoming year, while 1,000 machine hours will be used during the year. The predetermined manufacturing overhead rate per direct labor hour will be:

A) $50.

B) $75.

C) $150.

D) $40.

Dec 07 2019 Read more Less More

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