A 17600 b 19200 c 20600 d 22200 88 oliver company

This preview shows page 14 - 16 out of 53 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Accounting Using Excel for Success
The document you are viewing contains questions related to this textbook.
Chapter 19 / Exercise 19-5B
Accounting Using Excel for Success
Reeve/Warren
Expert Verified
a.$17,600b.$19,200c.$20,600d.$22,200
88.Oliver Company provided the following information from its accounting records for 2008:Expected production60,000 labor hoursActual production56,000 labor hoursBudgeted overhead$1,500,000Actual overhead$1,450,000How much is the overhead application rate if Oliver Company bases it on direct laborhours?
89.The labor costs that have been identified as indirect labor should be charged to
90.Manufacturing overhead is applied to each job
91.The predetermined overhead rate is based on the relationship betweena.estimated annual costs and actual activity.b.estimated annual costs and expected annual activity.c.actual monthly costs and actual annual activity.d.estimated monthly costs and actual monthly activity.
2 - 14
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Accounting Using Excel for Success
The document you are viewing contains questions related to this textbook.
Chapter 19 / Exercise 19-5B
Accounting Using Excel for Success
Reeve/Warren
Expert Verified
Job Order Costing92.The predetermined overhead rate is
93.In calculating a predetermined overhead rate, a recent trend in automated manufacturingoperations is to choose an activity base related to
94.If annual overhead costs are expected to be $750,000 and direct labor costs are expectedto be $1,000,000, then
95.Overhead application is recorded with aa.credit to Work in Process Inventory.b.credit to Manufacturing Overhead.c.debit to Manufacturing Overhead.d.credit to job cost sheets.
96.Manufacturing overhead applied is added to direct labor incurred and to what other item toequal total manufacturing costs for the period?
97.At the beginning of the year, Monroe Company estimates annual overhead costs to be$1,500,000 and that 300,000 machine hours will be operated. Using machine hours as abase, the amount of overhead applied during the year if actual machine hours for the yearwas 315,000 hours is
98.Cost of goods sold is obtained from

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture