121
112) Opunui Corporation has two manufacturing departments—Molding and Finishing. The
company used the following data at the beginning of the year to calculate predetermined
overhead rates:
Molding
Finishing
Total
Estimated total machine-hours (MHs)
4,000
1,000
5,000
Estimated total fixed manufacturing overhead cost
$
19,600
$
2,400
$
22,000
Estimated variable manufacturing overhead cost per
MH
$
1.10
$
2.10
During the most recent month, the company started and completed two jobs—Job A and Job M.
There were no beginning inventories. Data concerning those two jobs follow:
Job A
Job M
$
13,600
$
7,500
$
20,700
$
7,400
2,700
1,300
400
600
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours. The total manufacturing cost assigned to Job M is closest to:
A) $10,830
B) $7,400
C) $25,730
D) $7,500
123
113) Opunui Corporation has two manufacturing departments—Molding and Finishing. The
company used the following data at the beginning of the year to calculate predetermined
overhead rates:
Molding
Finishing
Total
Estimated total machine-hours (MHs)
4,000
1,000
5,000
Estimated total fixed manufacturing overhead cost
$
19,600
$
2,400
$
22,000
Estimated variable manufacturing overhead cost per
MH
$
1.10
$
2.10
During the most recent month, the company started and completed two jobs—Job A and Job M.
There were no beginning inventories. Data concerning those two jobs follow:
Job A
Job M
$
13,600
$
7,500
$
20,700
$
7,400
2,700
1,300
400
600
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The
calculated selling price for Job A is closest to:
A) $51,970
B) $72,758
C) $80,034
D) $20,788
Estimated fixed manufacturing overhead
$
19,600
Estimated variable manufacturing overhead ($1.10 per MH ×
4,000 MHs)
4,400
Estimated total manufacturing overhead cost
$
24,000
Estimated fixed manufacturing overhead
$
2,400
Estimated variable manufacturing overhead ($2.10 per MH ×
1,000 MHs)
2,100
Estimated total manufacturing overhead cost
125
114) Lueckenhoff Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on direct labor-hours. The company based its predetermined
overhead rate for the current year on total fixed manufacturing overhead cost of $497,000,
variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.
The company has provided the following data concerning Job T498 which was recently
completed:
Number of units in the job
40
Total direct labor-hours
80
Direct materials
$ 950
Direct labor cost
$ 2,720
The estimated total manufacturing overhead is closest to:
A) $665,000
B) $497,002
C) $497,000
D) $168,000
115) Lueckenhoff Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on direct labor-hours. The company based its predetermined
overhead rate for the current year on total fixed manufacturing overhead cost of $497,000,
variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.
The company has provided the following data concerning Job T498 which was recently
completed:
Number of units in the job
40
Total direct labor-hours
80
Direct materials
$ 950
Direct labor cost
$ 2,720
The predetermined overhead rate is closest to:
A) $11.90 per direct labor-hour
B) $7.10 per direct labor-hour
C) $9.50 per direct labor-hour
D) $2.40 per direct labor-hour
116) Lueckenhoff Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on direct labor-hours. The company based its predetermined
overhead rate for the current year on total fixed manufacturing overhead cost of $497,000,
variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.
The company has provided the following data concerning Job T498 which was recently
completed:
Number of units in the job
40
Total direct labor-hours
80
Direct materials
$ 950
Direct labor cost
$ 2,720
The amount of overhead applied to Job T498 is closest to:
A) $568
B) $192
C) $760
D) $952
129
117) Lueckenhoff Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on direct labor-hours. The company based its predetermined
overhead rate for the current year on total fixed manufacturing overhead cost of $497,000,
variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.
The company has provided the following data concerning Job T498 which was recently
completed:
Number of units in the job
40
Total direct labor-hours
80
Direct materials
$ 950
Direct labor cost
$ 2,720
The total job cost for Job T498 is closest to:
A) $4,430
B) $3,670
C) $1,710
D) $3,480
131
118) Lueckenhoff Corporation uses a job-order costing system with a single plantwide
predetermined overhead rate based on direct labor-hours. The company based its predetermined
overhead rate for the current year on total fixed manufacturing overhead cost of $497,000,
variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.
The company has provided the following data concerning Job T498 which was recently
completed:
Number of units in the job
40
Total direct labor-hours
80
Direct materials
$ 950
Direct labor cost
$ 2,720
The unit product cost for Job T498 is closest to:
A) $55.38
B) $42.75
C) $91.75
D) $110.75
119) Nielsen Corporation has two manufacturing departments—Machining and Assembly. The
company used the following data at the beginning of the year to calculate predetermined
overhead rates:
Machining
Assembly
Total
Estimated total machine-hours (MHs)
1,000
4,000
5,000
Estimated total fixed manufacturing overhead cost
$
4,700
$
10,800
$
15,500
Estimated variable manufacturing overhead cost
per MH
$
1.20
$
2.20
During the most recent month, the company started and completed two jobs—Job F and Job M.
There were no beginning inventories. Data concerning those two jobs follow:
Job F
Job M
$
13,000
$
7,400
$
20,400
$
8,800
700
300
1,600
2,400
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours. The total manufacturing cost assigned to Job F is closest to:
A) $13,000
B) $20,400
C) $45,130
D) $11,730
Estimated fixed manufacturing overhead
$
4,700
Estimated variable manufacturing overhead
($1.20 per MH × 1,000 MHs)
1,200
Estimated total manufacturing overhead cost
$
5,900
Estimated fixed manufacturing overhead
$
10,800
Estimated variable manufacturing overhead
($2.20 per MH × 4,000 MHs)
8,800
Estimated total manufacturing overhead cost
$
120) Nielsen Corporation has two manufacturing departments—Machining and Assembly. The
company used the following data at the beginning of the year to calculate predetermined
overhead rates:
Machining
Assembly
Total
Estimated total machine-hours (MHs)
1,000
4,000
5,000
Estimated total fixed manufacturing overhead cost
$
4,700
$
10,800
$
15,500
Estimated variable manufacturing overhead cost
per MH
$
1.20
$
2.20
During the most recent month, the company started and completed two jobs—Job F and Job M.
There were no beginning inventories. Data concerning those two jobs follow:
Job F
Job M
$
13,000
$
7,400
$
20,400
$
8,800
700
300
1,600
2,400
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. The
calculated selling price for Job M is closest to:
A) $46,154
B) $41,958
C) $29,970
D) $11,988
Estimated fixed manufacturing overhead
$
4,700
Estimated variable manufacturing overhead
($1.20 per MH × 1,000 MHs)
1,200
Estimated total manufacturing overhead cost
$
5,900
Estimated fixed manufacturing overhead
$
10,800
Estimated variable manufacturing overhead
($2.20 per MH × 4,000 MHs)
8,800
Estimated total manufacturing overhead cost
$
121) Decorte Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on direct labor-hours. The company based its predetermined overhead rate
for the current year on the following data:
Total direct labor-hours
10,000
Total fixed manufacturing overhead cost
$ 33,000
Variable manufacturing overhead per direct labor-hour
$ 2.50
Recently, Job K332 was completed with the following characteristics:
Number of units in the job
70
Total direct labor-hours
140
Direct materials
$ 455
Direct labor cost
$ 5,320
The amount of overhead applied to Job K332 is closest to:
A) $812
B) $350
C) $462
D) $1,162
138
122) Decorte Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on direct labor-hours. The company based its predetermined overhead rate
for the current year on the following data:
Total direct labor-hours
10,000
Total fixed manufacturing overhead cost
$ 33,000
Variable manufacturing overhead per direct labor-hour
$ 2.50
Recently, Job K332 was completed with the following characteristics:
Number of units in the job
70
Total direct labor-hours
140
Direct materials
$ 455
Direct labor cost
$ 5,320
The total job cost for Job K332 is closest to:
A) $5,775
B) $6,132
C) $6,587
D) $1,267
140
123) Decorte Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on direct labor-hours. The company based its predetermined overhead rate
for the current year on the following data:
Total direct labor-hours
10,000
Total fixed manufacturing overhead cost
$ 33,000
Variable manufacturing overhead per direct labor-hour
$ 2.50
Recently, Job K332 was completed with the following characteristics:
Number of units in the job
70
Total direct labor-hours
140
Direct materials
$ 455
Direct labor cost
$ 5,320
The unit product cost for Job K332 is closest to:
A) $94.10
B) $18.10
C) $82.50
D) $47.05