91) Nemec Manufacturing uses job costing. In May, material requisitions were $44,000 ($39,000 of these were direct materials), and raw material purchases were $60,000. The end of month balance in raw materials inventory was $24,300. What was the beginning raw materials inventory balance?
A) $74,700
B) $45,300
C) $8,300
D) $23,000
92) Ryan’s Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
|
Estimated manufacturing overhead cost |
$235,000 |
|
Actual manufacturing overhead cost |
$244,000 |
|
Estimated machine hours |
20,000 |
|
Actual machine hours |
22,500 |
The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The predetermined manufacturing overhead rate per machine hour is closest to
A) $10.44.
B) $11.75.
C) $10.84.
D) $12.20.
93) Ryan’s Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
|
Estimated manufacturing overhead cost |
$235,000 |
|
Actual manufacturing overhead cost |
$244,000 |
|
Estimated machine hours |
20,000 |
|
Actual machine hours |
22,500 |
The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The amount of manufacturing overhead allocated for the year based on machine hours would have been
A) $239,500.
B) $264,375.
C) $235,000.
D) $244,000.
94) Poland’s Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
|
Estimated manufacturing overhead cost |
$238,000 |
|
Actual manufacturing overhead cost |
$244,000 |
|
Estimated machine hours |
20,000 |
|
Actual machine hours |
22,500 |
The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The predetermined manufacturing overhead rate per machine hour is closest to
A) $10.58.
B) $12.20.
C) $10.84.
D) $11.90.
95) Poland’s Paints allocates overhead based on machine hours. Selected data for the most recent year follow.
|
Estimated manufacturing overhead cost |
$238,000 |
|
Actual manufacturing overhead cost |
$244,000 |
|
Estimated machine hours |
20,000 |
|
Actual machine hours |
22,500 |
The estimates were made as of the beginning of the year, while the actual results were for the entire year.
The amount of manufacturing overhead allocated for the year based on machine hours would have been
A) $244,000.
B) $238,000.
C) $267,750.
D) $241,000.
96) Here are selected data for Tyler Corporation:
|
Cost of materials purchases on account |
$ 68,000 |
|
Cost of materials requisitioned (includes $4,500 of indirect) |
51,000 |
|
Direct labor costs incurred |
77,000 |
|
Manufacturing overhead costs incurred, including indirect materials |
97,500 |
|
Cost of goods manufactured |
223,000 |
|
Cost of goods sold |
151,000 |
|
Beginning raw materials inventory |
14,500 |
|
Beginning work in process inventory |
29,700 |
|
Beginning finished goods inventory |
32,800 |
|
Predetermined manufacturing overhead rate (as % of direct labor cost) |
130% |
What is the balance in work in process inventory at the end of the year?
A) $30,300
B) $27,700
C) $49,200
D) $23,800
97) Davy Company had a beginning work in process inventory balance of $32,000. During the year, $54,500 of direct materials was placed into production. Direct labor was $63,400, and indirect labor was $19,500. Manufacturing overhead is allocated at 125% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,000 were completed during the year. What is the ending work in process inventory balance?
A) $172,400
B) $11,400
C) $4,150
D) $79,250
98) Before the year began, Murphy Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13,000 direct labor hours would be worked. Actual results for the year included the following:
|
Actual manufacturing overhead cost |
$184,000 |
|
Actual direct labor hours |
14,500 |
The predetermined manufacturing overhead rate per direct labor hour is closest to
A) $12.10.
B) $12.69.
C) $13.50.
D) $14.15.
99) Before the year began, Murphy Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13,000 direct labor hours would be worked. Actual results for the year included the following:
|
Actual manufacturing overhead cost |
$184,000 |
|
Actual direct labor hours |
14,500 |
The amount of manufacturing overhead allocated for the year based on direct labor hours would have been
A) $179,750.
B) $195,750.
C) $175,500.
D) $184,000.
100) Here are selected basic data for Wilson Company:
|
Estimated manufacturing overhead |
$ 243,750 |
Factory utilities |
$ 30,200 |
|
|
Estimated labor hours |
35,000 |
Indirect labor |
$ 22,400 |
|
|
Actual direct labor hours |
36,000 |
Sales commissions |
$ 53,700 |
|
|
Estimated direct labor cost |
$ 325,000 |
Factory rent |
$ 47,700 |
|
|
Actual direct labor cost |
$ 320,000 |
Factory property taxes |
$ 28,100 |
|
|
Factory depreciation |
$ 65,400 |
Indirect materials |
$ 33,000 |
If the company allocates overhead based on direct labor cost, what are the total actual manufacturing overhead costs?
A) $280,500
B) $171,400
C) $258,100
D
