1.
Copy Center pays an average wage of $13 per hour to employeesfor printing and copying jobs, and allocates $18 of overhead foreach employee hour worked. Direct materials are assigned to eachjob according to actual cost. Jobs are marked up 20% above totalmanufacturing cost to determine the selling price. If Job M-47 used$370 of direct materials and took 15 direct hours of labor tocomplete, what is the selling price of the job?
rev: 11_20_2019_QC_CS-191445
ob A3B was ordered by a customer on September 25. During themonth of September, Jaycee Corporation requisitioned $2,600 ofdirect materials and used $4,100 of direct labor. The job was notfinished by the end of September, but needed an additional $3,100of direct materials in October and additional direct labor of$6,600 to finish the job. The company applies overhead at the endof each month at a rate of 150% of the direct labor cost. What isthe amount of job costs added to Work in Process Inventory duringOctober?
$16,400
$23,700
$29,400
$32,450
$19,600
3.
Mango Company applies overhead based on direct labor costs. Forthe current year, Mango Company estimated total overhead costs tobe $380,000, and direct labor costs to be $190,000. Actual overheadcosts for the year totaled $406,000, and actual direct labor coststotaled $214,000. At year-end, the balance in the Factory Overheadaccount is a:
$22,000 Debit balance.
$428,000 Credit balance.
$406,000 Debit balance.
$22,000 Credit balance.
$214,000 Debit balance.
