Question $16$

At the current year$-$end, Ruiz Company found that its overhead was underapplied by $$2,500,$ and this

amount was not considered material. Based on this information, Ruiz should:

Question $18$

Job A$3$B was ordered by a customer on September $25.$ During the month of September, Jaycee

Corporation used $$2,500$ of direct materials and used $$4,000$ of direct labor. The job was not

finished in September. An additional $$3,000$ of direct materials and $$6,500$ of direct labor were

needed to finish the job in October. The company applies overhead at the end of each month at a

rate of $200\%$ of the direct labor cost incurred. What is the balance in the Work in Process account at

the end of September relative to Job A$3$B$?$

Question $19$

Job A$3$B was ordered by a customer on September $25.$ During the month of September, Jaycee

Corporation used $$2,500$ of direct materials and used $$4,000$ of direct labor. The job was not

finished in September. An additional $$3,000$ of direct materials and $$6,500$ of direct labor were

needed to finish the job in October. The company applies overhead at the end of each month at a

rate of $200\%$ of the direct labor cost incurred. What is the total cost of the job when it is completed

in October?

Question $20$

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company

estimated total overhead costs to be $$400,000,$ and direct labor costs to be $$2,000,000.$ Actual overhead

costs for the year totaled $$380,000,$ and actual direct labor costs totaled $$1,800,000.$ At year$-$end, Factory

Overhead is: