A wages of a machine operator 25 selected financial

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Chapter 15 / Exercise 16-6
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25. Selected financial information for Brook26. eville manufacturing is presented…. What was the cost of direct materials used?
Quiz Chapter 21.A(n) is an estimated manufacturing overhead rate computed during the year
2.When a job is completed, the journal entry involves a:
3.Wet N Wild Sports Equipment Company’s work in process inventory on June 1 has a balance of $22,400 representing job No. 265. During June, $50,00 of direct materials were requisitioned for Job No. 265 and $35,000 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 125% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,000. No new jobs were started during June. Job No. 265 is complete on June 28. Is manufacturing overhead overalloacated or underallocate for the month of June? By how much?
4.If manufacturing overhead has been underallocated during the period, and most of the jobs produced have been sold, then
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Chapter 15 / Exercise 16-6
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5.How much do you calculate the predetermined manufacturing overhead rate used to allocate manufacturing overhead costs?
6.Which of the following is an example of an industry that would use a process costing-rather than a job costing- system?
7.Which of these documents informs the storeroom to send specific materials to the factory floor?
8.Which of the following industries would be most likely to use a job costingsystem?
9.Manufacturers follow four steps to implement a manufacturing overhead allocation system. The last step is
10. Manufacturing overhead would include
11. Ryan’s Paints allocate overhead based on machine hours. Selected data forthe most recent year follow.Estimated Manufacturing overhead cost$235,000Actual Manufacturing Overhead cost$244,000Estimated Machine hours20,000Actual Machine Hours22,500The estimates were made as of the beginning of the year, while the acutal results were for the entire year. The amount of manufacturing overhead allocated for theyear based on the machine hours would have been
12. When direct materials are requisitioned, they flow directly into
13. The assignment of direct and indirect materials to a cost object reduce the
14. A ________________ is a source document used to track employee hours
15. The cost of direct labor used in production is recorded as a
16. The two basic types of costing systems are

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