Multiple Choice
The Work in Process inventory account of a manufacturing Corporation shows a balance of $18,000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of $6,000 and $3,000 for materials, and charges of $4,000 and $2,000 for direct labor. From this information, it appears that the Corporation is using a predetermined overhead rate, as a percentage of direct labor costs, of:
A) 50%
B) 200%
C) 300%
D) 20%
Correct Answer:
Verified
Correct Answer:
Verified
Q53: The direct materials used in production during
Q54: The amount of direct materials cost in
Q55: The direct labor cost was:<br>A)$8,000<br>B)$12,300<br>C)$12,600<br>D)$11,000
Q56: Traves Corporation incurred $69,000 of actual Manufacturing
Q57: What account should Chelm debit when the
Q59: The manufacturing overhead applied was:<br>A)$1,900<br>B)$6,800<br>C)$12,900<br>D)$3,000
Q60: Dagger Corporation uses direct labor-hours in its
Q61: Donham Corporation had $25,000 of raw materials
Q62: The predetermined overhead rate is closest to:<br>A)$36.60<br>B)$36.41<br>C)$36.24<br>D)$36.05
Q63: Indirect materials are charged to specific jobs.