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Multiple Choice (2 points each) Circle the best question will be graded as incorrect. answer. If more than one answer is chosen, the Sam Corporation's manufacturing overhead is 20% of its total conversion costs. labor is $38,000 and direct material is $47,000, the manufacturing overhead is a. $152,000 b. $47.500 c. $21,250 d. $9,500 l. If direct In job order costing systems, the application of manufacturing overhead would be recorded as a debit to a. Raw materials inventory b. Finished goods inventory. c. Work in process inventory. 2. a. Cost of Goods Sold. b. The amount of overhead cost applied to work in process is less than the actual overhead cost incurred, The predetermined overhead rate is too high. c. d. The manufacturing Overhead account will have a credit balance at the end of the year before adjustments. 4. Cummings Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assem bly. In the Fabrication department, Cummings uses a predetermined overhead rate of $30.00 per machine hour. In the Assembly department, Cummings uses a predetermined overhead rate of S12 per direct labor hour. During the current year, Job X2984 incurred the following number of hours in each department Fabrication Assemblv 12 Machine Hours Direct labor hours 40 What is the total amount o manufacturing overhead that Cummings should have applied to the job for the current year? a. $1,200 b. $1,500 c. $1.560 d. $1,734 The following data have been recorded for the recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor hours and 104 machine hours were worked on the job. The labor wage rate is S15 per labor hour. The company applies manufacturing overhead on t overhead rate is $13 per machine hour. The total cost for the job on its job cost sheet would be a. $5,086 b. $3,734 5. he basis of machine hours. The predetermined e. $3,072 d. $4,332

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