65.
For Case (B) above, what is the Ending Balance (EB)?
66.
For Case (C) above, what is the Transferred-In (TI)?
67.
For Case (A) above, what is the Transferred-Out (TO)?
68.
For Case (B) above, what is the Ending Balance (EB)?
69.
For Case (C) above, what is the Beginning Balance (BB)?
70. The following information has been gathered for Cheatham Law Offices for its fiscal year
ending December 31:
What is the predetermined office overhead rate per billable labor hour?
71. The following information has been gathered for Cheatham Law Offices for its fiscal year
ending December 31:
What is the predetermined office overhead rate per billable labor dollar?
72. The following information has been gathered for Roswell Machining for its fiscal year
ending December 31:
What is the predetermined factory overhead rate per labor dollar?
73. The following information has been gathered for Roswell Machining for its fiscal year
ending December 31:
What is the predetermined factory overhead rate per labor hour?
74. The following information has been gathered for Roswell Machining for its fiscal year
ending December 31:
What is the predetermined factory overhead rate per machine hour?
75. Slurpy produces soft drinks and sodas. Production of 100,000 liters was started in
February, 85,000 liters were completed. Material costs were $38,220 for the month while
conversion costs were $16,380. There was no beginning work–in–process; the ending work-in–
process was 40% complete. What is the cost of the product that was completed and transferred to
finished goods?
76. Slurpy produces soft drinks and sodas. Production of 100,000 liters was started in
February, 85,000 liters were completed. Material costs were $38,220 for the month while
conversion costs were $16,380. There was no beginning work–in–process; the ending work-in–
process was 40% complete. What is the cost of the product that remains in work-in-process?
77. Lo-crete produces quick setting concrete mix. Production of 200,000 tons was started in
April, 190,000 tons were completed. Material costs were $3,152,000 for the month while
conversion costs were $591,000. There was no beginning work–in-process; the ending work-in–
process was 70% complete. What is the cost of the product that was completed and transferred to
finished goods?
78. Lo-crete produces quick setting concrete mix. Production of 200,000 tons was started in
April, 190,000 tons were completed. Material costs were $3,152,000 for the month while
conversion costs were $591,000. There was no beginning work–in-process; the ending work-in–
process was 70% complete. What is the cost of the product that remains in work–in-process?
79. Lo-crete produces quick setting concrete mix. Production of 200,000 tons was started in
April, 190,000 tons were completed. Material costs were $3,152,000 for the month while
conversion costs were $591,000. There was no beginning work–in-process; the ending work-in–
process was 70% complete. What is the material cost of the product that remains in work-in–
process?
80. Trans-X processes credit card receipts for local banks. Trans-X processed 1,400,000
receipts in October. All receipts are processed the same day they are received. October costs
were labor of $14,000 and overhead of $28,000. What is the cost to process 1,000 receipts?
81. Mounder processes rebate requests for a large building supply firm. Mounder processed
420,000 rebates in March. All rebates are processed the same day they are received. March costs
were labor of $28,000 and overhead of $14,000. What is the cost to process 1,000 rebates?
82. Sweet Lu Industries applies manufacturing overhead to its products on the basis of 50% of
direct material cost. If a job had $35,000 of manufacturing overhead applied to it during May, the
direct materials assigned to the job was:
83. Zeppo Supply Company manufactures cleaning products. During the year, the company
spent $600,000 on chemicals and $728,000 on conversion costs. Overhead is applied at a rate of
180% of direct labor costs. How much did the company spend on manufacturing overhead during
the year?
84. The predetermined manufacturing overhead rate for the year was $14.00 per direct labor
hour; employees were paid $17.50 per hour. If the estimated direct labor cost was $315,000, what
was the estimated manufacturing overhead?
85. The predetermined manufacturing overhead rate for the year was 140% of direct labor
cost; employees were paid $17.50 per hour. If the estimated direct labor hours were 15,000, what
was the estimated manufacturing overhead?
86. In computing its predetermined overhead rate, Marple Company inadvertently left its
indirect labor costs out of the computation. This oversight will cause:
87. Which of the following is the correct formula to compute the predetermined overhead
rate?