124) Beans 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 $162,000, variable manufacturing
overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was
completed with the following characteristics:
Number of units in the job
Total direct labor-hours
Direct materials
Direct labor cost
The estimated total manufacturing overhead is closest to:
A) $330,000
B) $162,000
C) $168,000
D) $162,003
125) Beans 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 $162,000, variable manufacturing
overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was
completed with the following characteristics:
Number of units in the job
Total direct labor-hours
Direct materials
Direct labor cost
The predetermined overhead rate is closest to:
A) $5.50 per direct labor-hour
B) $8.30 per direct labor-hour
C) $2.80 per direct labor-hour
D) $2.70 per direct labor-hour
126) Beans 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 $162,000, variable manufacturing
overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was
completed with the following characteristics:
Number of units in the job
Total direct labor-hours
Direct materials
Direct labor cost
The amount of overhead applied to Job K818 is closest to:
A) $135
B) $140
C) $415
D) $275
145
127) Beans 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 $162,000, variable manufacturing
overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was
completed with the following characteristics:
Number of units in the job
Total direct labor-hours
Direct materials
Direct labor cost
The total job cost for Job K818 is closest to:
A) $1,675
B) $2,595
C) $1,195
D) $2,320
Direct materials
Direct labor
Manufacturing overhead applied
Total cost of Job K818
128) Beans Corporation uses a job-order costing system with a single plantwide predetermined
146
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 $162,000, variable manufacturing
overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was
completed with the following characteristics:
Number of units in the job
Total direct labor-hours
Direct materials
Direct labor cost
The unit product cost for Job K818 is closest to:
A) $51.90
B) $259.50
C) $232.00
D) $119.50
148
129) Beans 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 $162,000, variable manufacturing
overhead of $2.80 per direct labor-hour, and 60,000 direct labor-hours. Recently, Job K818 was
completed with the following characteristics:
Number of units in the job
Total direct labor-hours
Direct materials
Direct labor cost
If the company marks up its unit product costs by 40% then the selling price for a unit in Job K818
is closest to:
A) $363.30
B) $103.80
C) $383.30
D) $324.80
130) Lupo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
The estimated total manufacturing overhead is closest to:
A) $315,000
B) $252,000
C) $252,002
D) $63,000
131) Lupo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
The predetermined overhead rate is closest to:
A) $12.60 per machine-hour
B) $10.50 per machine-hour
C) $8.40 per machine-hour
D) $2.10 per machine-hour
132) Lupo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
The amount of overhead applied to Job T687 is closest to:
A) $315
B) $252
C) $378
D) $63
153
133) Lupo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
The total job cost for Job T687 is closest to:
A) $1,365
B) $1,725
C) $990
D) $2,040
155
134) Lupo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
The unit product cost for Job T687 is closest to:
A) $99.00
B) $68.00
C) $172.50
D) $204.00
157
135) Lupo Corporation uses a job-order costing system with a single plantwide predetermined
overhead rate based on machine-hours. The company based its predetermined overhead rate for
the current year on the following data:
Total machine-hours
Total fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Recently, Job T687 was completed with the following characteristics:
Number of units in the job
Total machine-hours
Direct materials
Direct labor cost
If the company marks up its unit product costs by 40% then the selling price for a unit in Job T687
is closest to:
A) $81.60
B) $305.60
C) $285.60
D) $241.50
159
136) Ronson Corporation has two manufacturing departments—Casting and Customizing. The
company used the following data at the beginning of the year to calculate predetermined overhead
rates:
Customizing
Total
Estimated total machine-hours (MHs)
5,000
5,000
10,000
Estimated total fixed manufacturing overhead
cost
$
27,500
$
10,500
$
38,000
Estimated variable manufacturing overhead cost
per MH
$
1.70
$
2.60
During the most recent month, the company started and completed two jobs—Job C and Job G.
There were no beginning inventories. Data concerning those two jobs follow:
Job C
Job G
Direct materials
$
10,600
$
6,800
Direct labor cost
$
23,700
$
87,900
Casting machine-hours
3,400
1,600
Customizing machine-hours
2,000
3,000
Assume that the company uses a plantwide predetermined manufacturing overhead rate based on
machine-hours. The amount of manufacturing overhead applied to Job C is closest to:
A) $32,130
B) $11,900
C) $20,230
D) $20,520
160
137) Ronson Corporation has two manufacturing departments—Casting and Customizing. The