38) Archangel Manufacturing has just finished the year 2012. They created a predetermined manufacturing overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. Below are various data:
Total manufacturing overhead estimated at the beginning of the year:$140,000
Total direct labor costs estimated at the beginning of the year:$350,000
Total direct labor hours estimated at the beginning of the year:12,000 direct labor hours
Actual manufacturing overhead costs for the year:$159,000
Actual direct labor costs for the year:$362,000
Actual direct labor hours for the year:12,400 direct labor hours
Based on the data above, how much manufacturing overhead was allocated to production? (Please round to nearest whole dollar.)
A) $825,360
B) $905,000
C) $144,800
D) $159,280
39) Archangel Manufacturing has just finished the year 2012. They created a predetermined manufacturing overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. Below are various data:
Total manufacturing overhead estimated at the beginning of the year:$140,000
Total direct labor costs estimated at the beginning of the year:$350,000
Total direct labor hours estimated at the beginning of the year:12,000 direct labor hours
Actual manufacturing overhead costs for the year:$159,000
Actual direct labor costs for the year:$362,000
Actual direct labor hours for the year:12,400 direct labor hours
Based on the data above, what was the preliminary ending balance in the manufacturing overhead account, prior to the year-end adjustment to clear the balance to zero? (Please round to nearest whole dollar.)
A) $19,000 credit balance
B) $19,000 debit balance
C) $14,200 credit balance
D) $14,200 debit balance
40) Petraeus Fabrication Company has provided the following information for the year 2012:
Actual manufacturing overhead costs incurred$268,000
Manufacturing overhead costs allocated to production$259,200
Actual direct materials cost$800,000
Actual direct labor cost$144,000
Actual direct labor hours3,200 direct labor hours
Actual machine hours10,900 machine hours
Based on the above information, what was Petraeus's allocation rate? (Hint: for this type of problem, the "trial and error" method may be used.)
A) $95 per direct labor hour
B) 180% of direct labor cost
C) $8.50 per machine hour
D) 12% of direct materials cost
41) Q-dot Manufacturing Company has provided the following information for the year 2012:
Actual manufacturing overhead costs incurred$199,900
Manufacturing overhead costs allocated to production$189,000
Actual direct materials cost$560,000
Actual direct labor cost$333,000
Actual direct labor hours9,450 direct labor hours
Actual machine hours180,000 machine hours
Based on the above information, what was Q-dot's allocation rate? (Hint: for this type of problem, the "trial and error" method may be used.)
A) $7.60 per machine hour
B) 132% of direct labor cost
C) 80% of direct materials cost
D) $20 per direct labor hour
42) Felton Quality Productions Company has provided the following information for the year 2012:
Actual manufacturing overhead costs incurred$89,770
Manufacturing overhead costs allocated to production$95,200
Actual direct materials cost$224,000
Actual direct labor cost$93,750
Actual direct labor hours18,500 direct labor hours
Actual machine hours56,000 machine hours
Based on the above information, what was Felton's allocation rate? (Hint: for this type of problem, the "trial and error" method may be used.)
A) $1.70 per machine hour
B) 52% of direct labor cost
C) 180% of direct materials cost
D) $24.80 per direct labor hour
43) Davie Company used estimated direct labor hours of 180,000 and estimated manufacturing overhead costs of $990,000 in establishing its 2012 predetermined manufacturing overhead rate. Actual results showed:
Actual manufacturing overhead
|
$950,000
|
Allocated manufacturing overhead
|
$962,500
|
What was the number of direct labor hours worked during 2009?
A) 180,000
B) 186,000
C) 192,000
D) 175,000
44) Forsyth Company uses estimated direct labor hours of 150,000 and estimated manufacturing overhead costs of $337,500 in establishing its 2012 predetermined manufacturing overhead rate. Actual results showed:
Actual manufacturing overhead
|
$346,500
|
Allocated manufacturing overhead
|
$343,800
|
The number of direct labor hours worked during the period was:
A) 154,000.
B) 152,800.
C) 150,000.
D) 146,000.
45) The records at Smith and Jones Company show Job. No. 110 charged with $11,000 of direct materials and $12,500 of direct labor. Smith and Jones Company allocates manufacturing overhead at 85% of direct labor cost. What is the total cost of Job No. 110?
A) $20,625
B) $34,125
C) $22,500
D) $21,625
46) Haverhill Products just completed job number 440. In addition to direct labor and direct materials cost, Haverhill allocated $450 of manufacturing overhead to the job. Please provide the journal entry for the allocation of overhead.