Please help me answer these multiple choice questions: 1) Buker Corporation bases...
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Accounting
Please help me answer these multiple choice questions:
1) Buker Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: |
Estimated machine-hours | 72,700 | |
Estimated variable manufacturing overhead | $3.30 | per machine-hour |
Estimated total fixed manufacturing overhead | $838,730 |
The predetermined overhead rate for the recently completed year was closest to: |
$6.74 | ||||||||||||||||||||||||||||
$8.67 | ||||||||||||||||||||||||||||
$14.84 | ||||||||||||||||||||||||||||
$9.90 2)
|
5)
During February, Irving Corporation incurred $82,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $77,000. |
The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a: |
credit to Manufacturing Overhead of $82,000 | |
debit to Manufacturing Overhead of $82,000 | |
debit to Work in Process of $77,000 | |
credit to Work in Process of $77,000 |
6)Job 593 was recently completed. The following data have been recorded on its job cost sheet:
Direct materials | $2,483 | |
Direct labor-hours | 77 | labor-hours |
Direct labor wage rate | $ 19 | per labor-hour |
Machine-hours | 136 | machine-hours |
The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $20 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 593 would be: |
$3,990 | |
$7,506 | |
$6,666 | |
$3,946 |
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