1) A manufacturing company has a beginning finished goods inventory of $15,000, raw material purchases of $18,400, cost of goods manufactured of $33,300, and an ending finished goods inventory of $18,200. The cost of goods sold for this company is:
A $28,400.
B $30,100.
C $21,600.
D $33,300.
F $48,300.
2)A company's prime costs total $4,300,000 and its conversion costs total $8,430,000. If direct materials are $2,170,000 and factory overhead is $6,300,000, then direct labor is:
A $2,170,000.
B $2,130,000.
C $4,300,000.
D $16,860,000.
E $6,470,000.
7)
If beginning and ending goods in process inventories are $6,900 and $16,900, respectively, and cost of goods manufactured is $189,000, what is the total manufacturing cost for the period?
A $199,000.
B $172,100.
C $195,900.
D $179,000.
E $182,100.
17)
A company's prime costs total $4,671,000 and its conversion costs total $5,690,000. If direct materials are $2,209,000, calculate the overhead costs:
A $3,481,000.
B $1,019,000.
C $3,228,000.
D $2,209,000.
E $2,462,000.
18)
If the cost of the beginning goods in process inventory is $10,900, costs of goods manufactured is $860,000, direct materials cost is $339,000, direct labor cost is $219,000, and overhead cost is $324,000, calculate the ending goods in process inventory:
A $54,700.
B $367,800.
C $371,900.
D $32,900.
E $43,800.
21) The job order cost sheets used by Garza Company revealed the following:
Job. No. Bal., May 1 May Production Costs
124 $ 2,000 $ - - -
125 1,500 360
126 - - - - 960
Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What was the company's cost of goods sold for May and the goods in process inventory on May 31?
A $3,500; $1,500.
B $1,500; $3,500.
C $2,000; $1,500.
D $4,820; $0.
E $3,860; $960.
22)The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $12,513 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $3,900 and direct labor cost of $2,700. Therefore, the company's overhead application rate is:
A 46%.
B 69%.
C 144%.
D 219%.
E 152%.
24) A company has an overhead application rate of 122% of direct labor costs. How much overhead would be allocated to a job if it required total direct labor cost of $26,000?
A $5,720.
B $1,586,000.
C $31,720.
D $22,000.
E $3,172,000.
25) Alton Company has an overhead application rate of 158% and allocates overhead based on direct materials. During the current period, direct labor is $68,000 and direct materials used are $72,000. Determine the amount of overhead Alton Company should record in the current period.
A $107,440.
B $113,760.
C $221,200.
D $27,690.
E $68,000.
26)
The R&R Company's production costs for August are: direct labor, $15,000; indirect labor, $6,700; direct materials, $15,200; property taxes on production equipment, $820; heat, lights and power, $1,020; and insurance on plant and equipment, $220. R&R Company's factory overhead incurred for August is:
A $21,900.
B $2,060.
C $8,760.
D $38,960.
E $6,700.
27)
Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $5,130,000 (190,000 hours at $27/hour) and that factory overhead would be $1,430,000 for the current period. At the end of the period, the records show that there had been 110,000 hours of direct labor and $1,130,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?
A $5.95 per direct labor hour.
B $13.00 per direct labor hour.
C $6.62 per direct labor hour.
D $7.53 per direct labor hour.
E $7.03 per direct labor hour.
28)
If one unit of Product X used $1.70 of direct materials and $3.70 of direct labor, sold for $10.00, and was assigned overhead at the rate of 22% of direct labor costs, how much gross profit was realized from this sale?
A $10.00.
B $.81
C $5.40.
D $3.79.
E $1.70.
29) The ending inventory of finished goods has a total cost of $11,400 and consists of 900 units. If the overhead applied to these goods is $3,816, and the overhead rate is 72% of direct labor, how much direct materials cost was incurred in producing these units?
A $11,400.
B $7,584.
C $5,300.
D $4,884.
E $2,284.
33)
Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $299,600; materials of $404,000 and direct labor of $214,000. During the year Hancock incurred $412,000 in materials costs, $414,700 in overhead costs and $218,000 in direct labor costs. Compute the predetermined overhead rate.
A 71%.
B 140%.
C 74%.
D 188%.
E 190%.
34)
Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $381,600; materials of $402,000 and direct labor of $212,000. During the year Hancock incurred $410,000 in materials costs, $412,400 in overhead costs and $216,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year.
A $412,400.
B $381,600.
C $423,650.
D $412,390.
E $388,800.
35)
Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $205,000 of raw materials on credit; issued materials to production of $202,000 of which $23,000 were indirect. Bard incurred a factory payroll of $157,000, paid in cash, of which $33,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. If Bard incurred total overhead costs of $196,000 during the month, compute the amount of under- or overapplied overhead:
A $39,500 overapplied.
B $10,000 underapplied.
C $39,000 overapplied.
D $39,000 underapplied.
E $10,000 overapplied.
FOR ANY BODY THAT CAN HELP !! ME PLEASE ..
I HAVE A LOT MORE TO GO ..
THESE ARE JUST SOME OUT OF A 100 PROBLEMS
A $28,400.
B $30,100.
C $21,600.
D $33,300.
F $48,300.
2)A company's prime costs total $4,300,000 and its conversion costs total $8,430,000. If direct materials are $2,170,000 and factory overhead is $6,300,000, then direct labor is:
A $2,170,000.
B $2,130,000.
C $4,300,000.
D $16,860,000.
E $6,470,000.
7)
If beginning and ending goods in process inventories are $6,900 and $16,900, respectively, and cost of goods manufactured is $189,000, what is the total manufacturing cost for the period?
A $199,000.
B $172,100.
C $195,900.
D $179,000.
E $182,100.
17)
A company's prime costs total $4,671,000 and its conversion costs total $5,690,000. If direct materials are $2,209,000, calculate the overhead costs:
A $3,481,000.
B $1,019,000.
C $3,228,000.
D $2,209,000.
E $2,462,000.
18)
If the cost of the beginning goods in process inventory is $10,900, costs of goods manufactured is $860,000, direct materials cost is $339,000, direct labor cost is $219,000, and overhead cost is $324,000, calculate the ending goods in process inventory:
A $54,700.
B $367,800.
C $371,900.
D $32,900.
E $43,800.
21) The job order cost sheets used by Garza Company revealed the following:
Job. No. Bal., May 1 May Production Costs
124 $ 2,000 $ - - -
125 1,500 360
126 - - - - 960
Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What was the company's cost of goods sold for May and the goods in process inventory on May 31?
A $3,500; $1,500.
B $1,500; $3,500.
C $2,000; $1,500.
D $4,820; $0.
E $3,860; $960.
22)The Goods in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $12,513 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $3,900 and direct labor cost of $2,700. Therefore, the company's overhead application rate is:
A 46%.
B 69%.
C 144%.
D 219%.
E 152%.
24) A company has an overhead application rate of 122% of direct labor costs. How much overhead would be allocated to a job if it required total direct labor cost of $26,000?
A $5,720.
B $1,586,000.
C $31,720.
D $22,000.
E $3,172,000.
25) Alton Company has an overhead application rate of 158% and allocates overhead based on direct materials. During the current period, direct labor is $68,000 and direct materials used are $72,000. Determine the amount of overhead Alton Company should record in the current period.
A $107,440.
B $113,760.
C $221,200.
D $27,690.
E $68,000.
26)
The R&R Company's production costs for August are: direct labor, $15,000; indirect labor, $6,700; direct materials, $15,200; property taxes on production equipment, $820; heat, lights and power, $1,020; and insurance on plant and equipment, $220. R&R Company's factory overhead incurred for August is:
A $21,900.
B $2,060.
C $8,760.
D $38,960.
E $6,700.
27)
Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $5,130,000 (190,000 hours at $27/hour) and that factory overhead would be $1,430,000 for the current period. At the end of the period, the records show that there had been 110,000 hours of direct labor and $1,130,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate?
A $5.95 per direct labor hour.
B $13.00 per direct labor hour.
C $6.62 per direct labor hour.
D $7.53 per direct labor hour.
E $7.03 per direct labor hour.
28)
If one unit of Product X used $1.70 of direct materials and $3.70 of direct labor, sold for $10.00, and was assigned overhead at the rate of 22% of direct labor costs, how much gross profit was realized from this sale?
A $10.00.
B $.81
C $5.40.
D $3.79.
E $1.70.
29) The ending inventory of finished goods has a total cost of $11,400 and consists of 900 units. If the overhead applied to these goods is $3,816, and the overhead rate is 72% of direct labor, how much direct materials cost was incurred in producing these units?
A $11,400.
B $7,584.
C $5,300.
D $4,884.
E $2,284.
33)
Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $299,600; materials of $404,000 and direct labor of $214,000. During the year Hancock incurred $412,000 in materials costs, $414,700 in overhead costs and $218,000 in direct labor costs. Compute the predetermined overhead rate.
A 71%.
B 140%.
C 74%.
D 188%.
E 190%.
34)
Hancock Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Hancock estimated total overhead of $381,600; materials of $402,000 and direct labor of $212,000. During the year Hancock incurred $410,000 in materials costs, $412,400 in overhead costs and $216,000 in direct labor costs. Compute the amount of overhead applied to jobs during the year.
A $412,400.
B $381,600.
C $423,650.
D $412,390.
E $388,800.
35)
Bard Manufacturing uses a job order cost accounting system. During one month Bard purchased $205,000 of raw materials on credit; issued materials to production of $202,000 of which $23,000 were indirect. Bard incurred a factory payroll of $157,000, paid in cash, of which $33,000 is classified as indirect labor. Bard uses a predetermined overhead application rate of 150% of direct labor cost. If Bard incurred total overhead costs of $196,000 during the month, compute the amount of under- or overapplied overhead:
A $39,500 overapplied.
B $10,000 underapplied.
C $39,000 overapplied.
D $39,000 underapplied.
E $10,000 overapplied.
FOR ANY BODY THAT CAN HELP !! ME PLEASE ..
I HAVE A LOT MORE TO GO ..
THESE ARE JUST SOME OUT OF A 100 PROBLEMS
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