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181
176) The following partially completed T-accounts summarize transactions for Faaberg
Corporation during the year:
Raw Materials
Beg Bal
4,500
8,000
4,700
Work in Process
Beg Bal
3,600
21,700
5,700
8,000
7,800
Finished Goods
Beg Bal
1,700
19,900
21,700
Manufacturing Overhead
2,300
7,800
3,000
2,700
Wages & Salaries Payable
19,900
Beg Bal
2,000
11,000
Cost of Goods Sold
Beg Bal
19,900
The manufacturing overhead was:
A) $200 overapplied
B) $2,700 overapplied
C) $200 underapplied
D) $2,700 underapplied
182
177) Hardigree Corporation uses a job-order costing system.
Beginning balance in Work in Process
$
36,000
(1)
Raw materials purchased on account
$
207,000
(2)
Direct materials requisitioned for use in production
$
161,000
(3)
Indirect materials requisitioned for use in production
$
42,000
(4)
Direct labor wages incurred
$
87,000
(5)
Indirect labor wages incurred
$
101,000
(6)
Depreciation recorded on factory equipment
$
42,000
(7)
Additional manufacturing overhead costs incurred
$
57,000
(8)
Manufacturing overhead costs applied to jobs
$
219,000
(9)
Cost of jobs completed and transferred from Work in
Process to Finished Goods
$
403,000
The ending balance in the Work in Process account is closest to:
A) $110,000
B) $120,000
C) $100,000
D) $90,000
183
178) Hardigree Corporation uses a job-order costing system.
Beginning balance in Work in Process
$
36,000
(1)
Raw materials purchased on account
$
207,000
(2)
Direct materials requisitioned for use in production
$
161,000
(3)
Indirect materials requisitioned for use in production
$
42,000
(4)
Direct labor wages incurred
$
87,000
(5)
Indirect labor wages incurred
$
101,000
(6)
Depreciation recorded on factory equipment
$
42,000
(7)
Additional manufacturing overhead costs incurred
$
57,000
(8)
Manufacturing overhead costs applied to jobs
$
219,000
(9)
Cost of jobs completed and transferred from Work in
Process to Finished Goods
$
403,000
The total amount of manufacturing overhead actually incurred was:
A) $200,000
B) $284,000
C) $219,000
D) $242,000
184
179) Hardigree Corporation uses a job-order costing system.
Beginning balance in Work in Process
$
36,000
(1)
Raw materials purchased on account
$
207,000
(2)
Direct materials requisitioned for use in production
$
161,000
(3)
Indirect materials requisitioned for use in production
$
42,000
(4)
Direct labor wages incurred
$
87,000
(5)
Indirect labor wages incurred
$
101,000
(6)
Depreciation recorded on factory equipment
$
42,000
(7)
Additional manufacturing overhead costs incurred
$
57,000
(8)
Manufacturing overhead costs applied to jobs
$
219,000
(9)
Cost of jobs completed and transferred from Work in
Process to Finished Goods
$
403,000
The manufacturing overhead was:
A) $23,000 Overapplied
B) $23,000 Underapplied
C) $19,000 Overapplied
D) $19,000 Underapplied
180) The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to
jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing
Overhead account to Cost of Goods Sold. During the year the company's Finished Goods
inventory account was debited for $125,000 and credited for $110,000. The ending balance in the
Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead
was overapplied by $4,500.
The balance in the Finished Goods inventory account at the beginning of the year was:
A) $28,000
B) $13,000
C) $17,500
D) $8,500
181) The Tse Manufacturing Corporation uses a job-order costing system and applies overhead to
jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing
Overhead account to Cost of Goods Sold. During the year the company's Finished Goods
inventory account was debited for $125,000 and credited for $110,000. The ending balance in the
Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead
was overapplied by $4,500.
If the estimated manufacturing overhead for the year was $24,000, and the applied overhead was
$26,500, the actual manufacturing overhead cost for the year was:
A) $19,500
B) $22,000
C) $28,500
D) $31,000
188
182) Dagostino Corporation uses a job-order costing system.
(1) Direct materials requisitioned for use in production,$154,000
(2) Indirect materials requisitioned for use in production,$45,000
(3) Direct labor wages incurred,$94,000
(4) Indirect labor wages incurred,$119,000
(5) Depreciation recorded on factory equipment,$44,000
(6) Additional manufacturing overhead costs incurred,$83,000
(7) Manufacturing overhead costs applied to jobs,$236,000
(8) Cost of jobs completed and transferred from Work in Process to Finished
Goods,$458,000
Use the following T-accounts to answer the following questions
Work In Process
Bal.
$48,000
Manufacturing Overhead
The ending balance in the Work in Process account is closest to:
A) $94,000
B) $84,000
C) $74,000
D) $64,000
190
183) Dagostino Corporation uses a job-order costing system.
(1)Direct materials requisitioned for use in production,$154,000
(2)Indirect materials requisitioned for use in production,$45,000
(3)Direct labor wages incurred,$94,000
(4)Indirect labor wages incurred,$119,000
(5)Depreciation recorded on factory equipment,$44,000
(6)Additional manufacturing overhead costs incurred,$83,000
(7)Manufacturing overhead costs applied to jobs,$236,000
(8)Cost of jobs completed and transferred from Work in Process to Finished
Goods,$458,000
Where appropriate, post the above transactions to the Work in Process and Manufacturing
Overhead T-accounts below.
Work In Process
Bal.
$48,000
Manufacturing Overhead
The total amount of manufacturing overhead actually incurred was:
A) $246,000
B) $291,000
C) $236,000
D) $247,000
192
184) Dagostino Corporation uses a job-order costing system.
(1) Direct materials requisitioned for use in production,$154,000
(2) Indirect materials requisitioned for use in production,$45,000
(3) Direct labor wages incurred,$94,000
(4) Indirect labor wages incurred,$119,000
(5) Depreciation recorded on factory equipment,$44,000
(6) Additional manufacturing overhead costs incurred,$83,000
(7) Manufacturing overhead costs applied to jobs,$236,000
(8) Cost of jobs completed and transferred from Work in Process to Finished
Goods,$458,000
Use the following T-accounts to answer the following questions.
Work In Process
Bal.
$48,000
Manufacturing Overhead
The manufacturing overhead was:
A) $10,000 Underapplied
B) $10,000 Overapplied
C) $55,000 Underapplied
D) $55,000 Overapplied
194
185) Leak Enterprises LLC recorded the following transactions for the just completed month. The
company had no beginning inventories.
(1) Raw materials purchased for cash, $96,000
(2) Direct materials requisitioned for use in production, $69,000
(3) Indirect materials requisitioned for use in production, $22,000
(4) Direct labor wages incurred and paid, $129,000
(5) Indirect labor wages incurred and paid, $16,000
(6) Additional manufacturing overhead costs incurred and paid, $121,000
(7) Manufacturing overhead costs applied to jobs, $163,000
(8) All of the jobs in process were completed.
(9) All of the completed jobs were shipped to customers.
(10) Any underapplied or overapplied overhead for the period was closed out to Cost of
Goods Sold.
Use the following T-accounts to answer the following questions.
Cash
Raw Materials
195
Work In Process
Finished Goods
Manufacturing Overhead
Cost of Goods Sold
The ending balance in the Raw Materials account is closest to:
A) $22,000
B) $5,000
C) $74,000
D) $27,000
197
186) Leak Enterprises LLC recorded the following transactions for the just completed month. The
company had no beginning inventories.
(1) Raw materials purchased for cash, $96,000
(2) Direct materials requisitioned for use in production, $69,000
(3) Indirect materials requisitioned for use in production, $22,000
(4) Direct labor wages incurred and paid, $129,000
(5) Indirect labor wages incurred and paid, $16,000
(6) Additional manufacturing overhead costs incurred and paid, $121,000
(7) Manufacturing overhead costs applied to jobs, $163,000
(8) All of the jobs in process were completed.
(9) All of the completed jobs were shipped to customers.
(10) Any underapplied or overapplied overhead for the period was closed out to Cost of
Goods Sold.
Use the following T-accounts to answer the following questions.
Cash
Raw Materials
Work In Process
Finished Goods
Manufacturing Overhead
Cost of Goods Sold
The manufacturing overhead is:
A) $26,000 Underapplied
B) $4,000 Underapplied
C) $4,000 Overapplied
D) $26,000 Overapplied
200
187) Leak Enterprises LLC recorded the following transactions for the just completed month. The
company had no beginning inventories.
(1) Raw materials purchased for cash, $96,000
(2) Direct materials requisitioned for use in production, $69,000
(3) Indirect materials requisitioned for use in production, $22,000
(4) Direct labor wages incurred and paid, $129,000
(5) Indirect labor wages incurred and paid, $16,000
(6) Additional manufacturing overhead costs incurred and paid, $121,000
(7) Manufacturing overhead costs applied to jobs, $163,000
(8) All of the jobs in process were completed.
(9) All of the completed jobs were shipped to customers.
(10) Any underapplied or overapplied overhead for the period was closed out to Cost of
Goods Sold.
Use the following T-accounts to answer the following questions.
Cash
Raw Materials
