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113. Figure 5-5
Tonneau Corporation had the following information available for October 2014:
Work in Process, October 1
$20,000
Materials placed into production, October
27,500
Direct labor, October
37,500
Factory overhead rate is 150 percent of direct labor costs.
Job cost sheets had the following balances:
Job Z1
$32,500
Job Z2
55,000
Job Z3
35,000
Job Z4
18,750
Jobs Z3 and Z4 were not completed at the end of December.
Refer to Figure 5-5. What is the cost of goods finished during October for Tonneau Corporation?
114. Figure 5 - 6
In the Monroe Company, the following Job cards were totaled at the end of the month:
Job 243 $5,750
Job 244 $4,980
Job 245 $3,675
Job 246 $4,250
Job 247 $5,100
Job 248 $3,800
Jobs 243 and 244 were in Finished Goods Inventory at the beginning of the month. Jobs 245 and 246 were in
Work-in-process at the beginning of the month. Jobs 247 and 248 were started during the month. At the end of
the month, Jobs 243 and 247 were sent to customers; jobs 245, 247, and 248 were completed and sent to
finished goods.
Refer to Figure 5-6. What is the cost of goods sold for the month?
115. Figure 5 - 6
In the Monroe Company, the following Job cards were totaled at the end of the month:
Job 243 $5,750
Job 244 $4,980
Job 245 $3,675
Job 246 $4,250
Job 247 $5,100
Job 248 $3,800
Jobs 243 and 244 were in Finished Goods Inventory at the beginning of the month. Jobs 245 and 246 were in
Work-in-process at the beginning of the month. Jobs 247 and 248 were started during the month. At the end of
the month, Jobs 243 and 247 were sent to customers; jobs 245, 247, and 248 were completed and sent to
finished goods.
Refer to Figure 5-6. What is the ending work-in-process inventory for the month?
116. Figure 5 - 6
In the Monroe Company, the following Job cards were totaled at the end of the month:
Job 243 $5,750
Job 244 $4,980
Job 245 $3,675
Job 246 $4,250
Job 247 $5,100
Job 248 $3,800
Jobs 243 and 244 were in Finished Goods Inventory at the beginning of the month. Jobs 245 and 246 were in
Work-in-process at the beginning of the month. Jobs 247 and 248 were started during the month. At the end of
the month, Jobs 243 and 247 were sent to customers; jobs 245, 247, and 248 were completed and sent to
finished goods.
Refer to Figure 5-6. What is the cost of goods manufactured for the month?
117. Canmore Company has the following data pertaining to 2014:
Beginning materials inventory
$ 50,000
Beginning work-in-process inventory
-0-
Beginning finished goods inventory
-0-
Materials placed into production
125,000
Materials purchased on account
137,500
Direct labor incurred (10,000 hours)
62,500
Cost of goods completed (Job BB8)
25,000
Factory overhead rate is 125 percent of direct labor costs.
What is the ending materials inventory balance for Canmore in 2014?
118. Samuelson Company has the following selected debit balance accounts at the end of the current year:
Work-in-Process, $25,000; Finished Goods, $12,500; Cost of Goods Sold, $37,500; and Factory Overhead,
$6,000. The pro-rated amount charged to Cost of Goods Sold for factory overhead will be
119. Under normal costing, which of the following statements is true regarding factory overhead?
120. Total manufacturing-related costs incurred for Anhauser Company in August for all jobs is as follows:
Direct materials
$ 900
Insurance-factory building
150
Direct labor
1,200
Property taxes-factory building
400
Other factory overhead costs
1,450
Factory overhead applied
1,650
Assuming Anhauser uses a normal costing system and applies overhead based on a predetermined rate, what is the credit to Overhead Control to
close the account at the end of the year?
121. Which of the following transactions in a job-order costing system requires the procedure of merely moving
a job-order cost sheet from one file to another?
122. Figure 5-7
The following information is available pertaining to the Production Division of Clarkson Enterprises:
Assembly Dept.
Finishing Dept.
Total
Overhead costs
$7,500
$22,500
$30,000
Direct labor hours
7,500
2,500
10,000
Machine hours
2,500
7,500
10,000
Production information pertaining to Job 4X5:
Assembly Dept.
Finishing Dept.
Total
Prime costs
$1,250
$-0-
$1,250
Direct labor hours
250
-0-
250
Machine hours
-0-
-0-
-0-
Units produced
500
-0-
500
Refer to Figure 5-7. What is the plantwide overhead rate based on direct labor hours?
123. Figure 5-7
The following information is available pertaining to the Production Division of Clarkson Enterprises:
Assembly Dept.
Finishing Dept.
Total
Overhead costs
$7,500
$22,500
$30,000
Direct labor hours
7,500
2,500
10,000
Machine hours
2,500
7,500
10,000
Production information pertaining to Job 4X5:
Assembly Dept.
Finishing Dept.
Total
Prime costs
$1,250
$-0-
$1,250
Direct labor hours
250
-0-
250
Machine hours
-0-
-0-
-0-
Units produced
500
-0-
500
Refer to Figure 5-7. Using the plantwide overhead rate based on direct labor hours what is the cost of Job 4X5?
124. Figure 5-7
The following information is available pertaining to the Production Division of Clarkson Enterprises:
Assembly Dept.
Finishing Dept.
Total
Overhead costs
$7,500
$22,500
$30,000
Direct labor hours
7,500
2,500
10,000
Machine hours
2,500
7,500
10,000
Production information pertaining to Job 4X5:
Assembly Dept.
Finishing Dept.
Total
Prime costs
$1,250
$-0-
$1,250
Direct labor hours
250
-0-
250
Machine hours
-0-
-0-
-0-
Units produced
500
-0-
500
Refer to Figure 5-7. What is the overhead rate for the Finishing Department based on machine hours?
125. Figure 5-7
The following information is available pertaining to the Production Division of Clarkson Enterprises:
Assembly Dept.
Finishing Dept.
Total
Overhead costs
$7,500
$22,500
$30,000
Direct labor hours
7,500
2,500
10,000
Machine hours
2,500
7,500
10,000
Production information pertaining to Job 4X5:
Assembly Dept.
Finishing Dept.
Total
Prime costs
$1,250
$-0-
$1,250
Direct labor hours
250
-0-
250
Machine hours
-0-
-0-
-0-
Units produced
500
-0-
500
Refer to Figure 5-7. Based on departmental overhead rates, what is the cost of Job 4X5? Departmental overhead rates for the Assembly Department
are based on direct labor hours, while departmental overhead rates for the Finishing Department are based on machine hours.
126. Figure 5-7
The following information is available pertaining to the Production Division of Clarkson Enterprises:
Assembly Dept.
Finishing Dept.
Total
Overhead costs
$7,500
$22,500
$30,000
Direct labor hours
7,500
2,500
10,000
Machine hours
2,500
7,500
10,000
Production information pertaining to Job 4X5:
Assembly Dept.
Finishing Dept.
Total
Prime costs
$1,250
$-0-
$1,250
Direct labor hours
250
-0-
250
Machine hours
-0-
-0-
-0-
Units produced
500
-0-
500
Refer to Figure 5-7. What are the total overhead costs assigned to Job 4X5, assuming the Assembly and Finishing Departments use direct labor
hours and machine hours for their bases, respectively?
127. In a job-order costing system, if costs are incurred to rework a job due to inadequate training of personnel,
these costs would be
128. Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs.
The following overhead activities were budgeted for the year.
Activity
Cost
Driver
Amount of driver
setups
$ 240,000
number of setups
6,000
purchasing
160,000
number of parts
20,000
other overhead
300,000
direct labor hours
80,000
The following information about the jobs was given for April.
Job 101
Job 102
Job 103
Job 104
Balance 4/1
$64,900
$40,770
$30,500
0
direct materials
54,000
37,900
25,000
11,000
direct labor
80,000
38,500
43,000
21,000
number of setups
40
10
30
200
number of parts
300
80
400
500
direct labor hours
5,000
2,400
5,200
1,200
By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
Refer to Figure 5-8. What is the activity rate for purchasing?
129. Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs.
The following overhead activities were budgeted for the year.
Activity
Cost
Driver
Amount of driver
setups
$ 240,000
number of setups
6,000
purchasing
160,000
number of parts
20,000
other overhead
300,000
direct labor hours
80,000
The following information about the jobs was given for April.
Job 101
Job 102
Job 103
Job 104
Balance 4/1
$64,900
$40,770
$30,500
0
direct materials
54,000
37,900
25,000
11,000
direct labor
80,000
38,500
43,000
21,000
number of setups
40
10
30
200
number of parts
300
80
400
500
direct labor hours
5,000
2,400
5,200
1,200
By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
Refer to Figure 5-8. What is the cost of job 102?
130. Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs.
The following overhead activities were budgeted for the year.
Activity
Cost
Driver
Amount of driver
setups
$ 240,000
number of setups
6,000
purchasing
160,000
number of parts
20,000
other overhead
300,000
direct labor hours
80,000
The following information about the jobs was given for April.
Job 101
Job 102
Job 103
Job 104
Balance 4/1
$64,900
$40,770
$30,500
0
direct materials
54,000
37,900
25,000
11,000
direct labor
80,000
38,500
43,000
21,000
number of setups
40
10
30
200
number of parts
300
80
400
500
direct labor hours
5,000
2,400
5,200
1,200
By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
Refer to Figure 5-8. What is the cost of goods manufactured?
131. Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs.
The following overhead activities were budgeted for the year.
Activity
Cost
Driver
Amount of driver
setups
$ 240,000
number of setups
6,000
purchasing
160,000
number of parts
20,000
other overhead
300,000
direct labor hours
80,000
The following information about the jobs was given for April.
Job 101
Job 102
Job 103
Job 104
Balance 4/1
$64,900
$40,770
$30,500
0
direct materials
54,000
37,900
25,000
11,000
direct labor
80,000
38,500
43,000
21,000
number of setups
40
10
30
200
number of parts
300
80
400
500
direct labor hours
5,000
2,400
5,200
1,200
By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
Refer to Figure 5-8. The ending work in process would consist of the costs of what jobs?
132. Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs.
The following overhead activities were budgeted for the year.
Activity
Cost
Driver
Amount of driver
setups
$ 240,000
number of setups
6,000
purchasing
160,000
number of parts
20,000
other overhead
300,000
direct labor hours
80,000
The following information about the jobs was given for April.
Job 101
Job 102
Job 103
Job 104
Balance 4/1
$64,900
$40,770
$30,500
0
direct materials
54,000
37,900
25,000
11,000
direct labor
80,000
38,500
43,000
21,000
number of setups
40
10
30
200
number of parts
300
80
400
500
direct labor hours
5,000
2,400
5,200
1,200
By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
Refer to Figure 5-8. The cost of goods sold would consist of the costs of what jobs?
133. Figure 5-9
The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for 100 units.
It requires the following:
direct materials
$3,000
direct labor ($10/hr)
1,000
overhead (150% DL$)
1,500
After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials.
134. Figure 5-9
The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for 100 units.
It requires the following:
direct materials
$3,000
direct labor ($10/hr)
1,000
overhead (150% DL$)
1,500
After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials.
Refer to Figure 5-9. If the rework is considered normal spoilage, what is the journal entry for overhead control?
135. Figure 5-9
The Omega Company manufactures customized motors on a job-order basis. Job 492 is an order for 100 units.
It requires the following:
direct materials
$3,000
direct labor ($10/hr)
1,000
overhead (150% DL$)
1,500
After inspection, 2 units required rework which required 8 additional direct labor hours and $60 of materials.
Refer to Figure 5-9. If the rework is considered abnormal spoilage, what is the journal entry for overhead control?
