34) The journal entry to record the factory overhead costs incurred would include a

A) debit to Factory Department Overhead Control for $292,000.

B) credit to Factory Department Overhead Control for $286,000.

C) debit to WIP Inventory for $292,000.

D) credit to WIP Inventory for $286,000.

35) The journal entry to record the application of the factory overhead would include a

A) debit to Factory Department Overhead Control for $286,000.

B) debit to WIP Inventory for $286,000.

C) credit to Factory Department Overhead Control for $292,000.

D) credit to WIP Inventory for $292,000.

36) The journal entry to record the cost of goods completed would include a

A) debit to WIP Inventory for $512,000.

B) credit to Finished Goods Inventory for $584,000.

C) credit to Cost of Goods Sold for $512,000.

D) credit to WIP Inventory for $584,000.

37) The journal entry to record the sale of all jobs would include a

A) debit to Finished Goods Inventory for $584,000.

B) credit to WIP Inventory for $512,000.

C) credit to Finished Goods Inventory for $512,000.

D) credit to Cost of Goods Sold for $584,000.

38) The ending inventory of direct materials is

A) $184,000.

B) $348,000.

C) $164,000.

D) $216,000.

Witty, Inc. uses a job-order cost system and had the following data available for 20X1.

Direct materials purchased on account

$148,000

Direct materials requisitioned

82,000

Direct-labour cost incurred

130,000

Factory overhead incurred

146,000

Cost of goods completed

292,000

Cost of goods sold

256,000

Beginning direct-materials inventory

26,000

Beginning WIP inventory

64,000

Beginning finished goods inventory

58,000

Overhead application rate

(as a percent of direct-labour cost)

110 percent

39) The ending inventory of work in process is

A) $130,000.

B) $127,000.

C) $64,000.

D) $36,000.

40) The ending inventory of finished goods is

A) $58,000.

B) $36,000.

C) $94,000.

D) $292,000.

Dentlinger Company uses a job-order cost system and had the following data available for 20X2.

Beginning direct-materials inventory

$  52,000

Beginning WIP Inventory

128,000

Beginning finished goods inventory

116,000

Direct materials purchased on account

296,000

Direct materials requisitioned

164,000

Direct-labour cost incurred

260,000

Factory overhead incurred

292,000

Cost of goods completed

584,000

Cost of goods sold

512,000

Overhead application rate

(as a percent of direct-labour cost)

110 percent

41) The ending inventory of work in process is

A) $260,000.

B) $254,000.

C) $128,000.

D) $72,000.

42) The ending inventory of finished goods is

A) $160,000.

B) $72,000.

C) $188,000.

D) $584,000.

43) To compute the budgeted factory-overhead rate, the budgeted cost driver is divided into the

A) actual factory overhead.

B) budgeted work-in-process.

C) estimated cost of goods sold.

D



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