Chapter 003, Systems Design: Job-Order Costing

| October 3, 2018

46. Melillo Corporation has provided data concerning the company’s
Manufacturing Overhead account for the month of October. Prior to the closing
of the overapplied or underapplied balance to Cost of Goods Sold, the total of
the debits to the Manufacturing Overhead account was $67,000 and the total of the
credits to the account was $57,000. Which of the following statements is true?

A. Manufacturing overhead
for the month was overapplied by $10,000. B. Actual manufacturing overhead for
the month was $67,000.

C. Manufacturing
overhead applied to Work in Process for the month was $67,000.

D. Manufacturing overhead
transferred from Finished Goods to Cost of Goods Sold during the month was
$57,000.

47. Waldvogel Corporation has provided data concerning the company’s
Manufacturing Overhead account for the month of April. Prior to the closing of
the overapplied or underapplied balance to Cost of Goods Sold, the total of the
debits to the Manufacturing Overhead account was $55,000 and the total of the
credits to the account was $56,000. Which of the following statements is true?
A. Manufacturing
overhead for the month was underapplied by $1,000.

B. Manufacturing overhead applied to Work in Process for the month
was $56,000. C. Actual manufacturing overhead incurred during the month was
$56,000.
D. Manufacturing overhead
transferred from Finished Goods to Cost of Goods Sold during the month was
$55,000.

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Chapter 003, Systems Design: Job-Order Costing

49. Danoff Corporation has provided data concerning the company’s
Manufacturing Overhead account for the month of October. Prior to the closing
of the overapplied or underapplied balance to Cost of Goods Sold, the total of
the debits to the Manufacturing Overhead account was $68,000 and the total of
the credits to the account was $77,000. Which of the following statements is
true?

A. Actual
manufacturing overhead incurred during the month was $77,000.

B.
Manufacturing overhead applied to Work in Process for the month was $68,000.

C. Manufacturing overhead transferred from Finished Goods to Cost
of Goods Sold during the month was $68,000.
D. Manufacturing
overhead for the month was overapplied by $9,000.

50. On December 1, Catherman Corporation had $21,000 of raw materials
on hand. During the month, the company purchased an additional $61,000 of raw
materials. During December, $70,000 of raw materials were requisitioned from
the storeroom for use in production. The debits to the Raw Materials account
for the month of December total:

A. $82,000 B. $70,000 C. $61,000 D. $21,000

51. At the beginning of October, Cozier Corporation had $34,000 of raw
materials on hand. During the month, the company purchased an additional
$78,000 of raw materials. During October, $92,000 of raw materials were
requisitioned from the storeroom for use in production. The credits to the Raw
Materials account for the month of October total:

A. $92,000 B. $34,000 C. $78,000 D. $112,000

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Chapter 003, Systems Design: Job-Order Costing

52. Mcmackin Corporation had $35,000 of raw materials on hand on
August 1. During the month, the company purchased an additional $66,000 of raw
materials. During August, $81,000 of raw materials were requisitioned from the
storeroom for use in production. These raw materials included both direct and
indirect materials. The indirect materials totaled $7,000. The debits to the
Work in Process account as a consequence of the raw materials transactions in
August total:

A. $66,000 B. $0

C. $74,000 D. $81,000

53. During August at Schlappi Corporation, $80,000 of raw materials
were requisitioned from the storeroom for use in production. These raw
materials included both direct and indirect materials. The indirect materials
totaled $2,000. The journal entry to record this requisition would include a
debit to Manufacturing Overhead of:

A. $2,000 B. $80,000 C.
$78,000 D. $0

54. Hards Corporation had $38,000 of raw materials on hand on
September 1. During the month, the company purchased an additional $54,000 of
raw materials. The journal entry to record the purchase of raw materials would
include a:
A. debit to Raw Materials of $54,000 B. debit to Raw Materials of
$92,000 C. credit to Raw Materials of $92,000 D. credit to Raw Materials of
$54,000

55. During May at Landreth Corporation, $81,000 of raw materials were
requisitioned from the storeroom for use in production. These raw materials
included both direct and indirect materials. The indirect materials totaled
$7,000. The journal entry to record the requisition from the storeroom would
include a:

A. debit to Raw Materials of $81,000 B. debit to Work in Process
of $81,000
C. credit to Manufacturing
Overhead of $7,000 D. debit to Work in Process of $74,000

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Chapter 003, Systems Design: Job-Order Costing

56. In December, Perone Inc. incurred $78,000 of direct labor costs
and $4,000 of indirect labor costs. The journal entry to record the accrual of
these wages would include a:
A.
debit to Work in Process of $82,000

B. debit to Manufacturing Overhead of $4,000 C. credit to Work in
Process of $82,000
D. credit to
Manufacturing Overhead of $4,000

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