Question 36 FreeWater Company provided the following information from its accounting records for 201

Question 36

1.   FreeWater Company provided the following information from its accounting records for 2014:
   

   Expected production	50,000 labor hours
   Actual production	45,000 labor hours
   Budgeted overhead	$1,257,500
   Actual overhead	$1,449,900

   How much is the overhead application rate if Freewater Company bases it on direct labor hours?

   	A.	$27.94 per hour
   	B.	$32.22 per hour
   	C.	$29.00 per hour
   	D.	$25.15 per hour

3.75 points   

Question 37

1.   Dulles Manufacturing Company developed the following data:
   

   Beginning work in process inventory	$470,000
   Direct materials used	350,000
   Actual overhead	550,000
   Overhead applied	500,000
   Cost of goods manufactured	700,000
   Ending work in process	720,000

   Dulles Manufacturing Company’s total manufacturing costs for the period is

   	A.	$950,000.
   	B.	$900,000.
   	C.	$750,000.
   	D.	cannot be determined from the data provided.

3.75 points   

Question 38

1.   A company expected its annual overhead costs to be $1,950,000 and direct labor costs to be $1,500,000. Actual overhead was $1,890,000, and actual labor costs totaled $1,160,000. How much is the company’s predetermined overhead rate to the nearest cent?
   

   	A.	$1.22
   	B.	$1.26
   	C.	$1.30
   	D.	$1.18

3.75 points   

Question 39

1.   For Metz Company, the predetermined overhead rate is 75% of direct labor cost. During the month, $480,000 of factory labor costs are incurred of which $130,000 is indirect labor. Actual overhead incurred was $250,500. The amount of overhead debited to Work in Process Inventory should be:
   

   	A.	$360,000
   	B.	$250,500
   	C.	$350,000
   	D.	$262,500

3.75 points   

Question 40

1.   For Cevu Company, the predetermined overhead rate is 75% of direct labor cost. During the month, $750,000 of factory labor costs are incurred of which $200,000 is indirect labor. Actual overhead incurred was $420,000. The amount of overhead d ……. …..
   

 

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