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Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Recently, Job T369 was completed with the following characteristics: If the company marks up its unit product costs by 20% then the selling price for a unit in Job T369 is closest to: A) $324.56 B) $304.56 C) $277.20 D) $50.76 Recently, Job T369 was completed with the following characteristics: Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Recently, Job T369 was completed with the following characteristics: If the company marks up its unit product costs by 20% then the selling price for a unit in Job T369 is closest to: A) $324.56 B) $304.56 C) $277.20 D) $50.76 If the company marks up its unit product costs by 20% then the selling price for a unit in Job T369 is closest to:


A) $324.56
B) $304.56
C) $277.20
D) $50.76

E) B) and C)
F) C) and D)

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If the company marks up its unit product costs by 40% then the selling price for a unit in Job A496 is closest to:


A) $186.20
B) $272.28
C) $72.08
D) $252.28

E) None of the above
F) A) and B)

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Dearden Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $144,000, variable manufacturing overhead of $2.00 per machine-hour, and 60,000 machine-hours.The predetermined overhead rate is closest to:


A) $2.40 per machine-hour
B) $6.40 per machine-hour
C) $4.40 per machine-hour
D) $2.00 per machine-hour

E) A) and B)
F) B) and C)

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Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Recently Job P512 was completed with the following characteristics: Required: a.Calculate the predetermined overhead rate for the year. b.Calculate the amount of overhead applied to Job P512. c.Calculate the total job cost for Job P512. d.Calculate the unit product cost for Job P512. Recently Job P512 was completed with the following characteristics: Ryans Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours.The company based its predetermined overhead rate for the current year on the following data: Recently Job P512 was completed with the following characteristics: Required: a.Calculate the predetermined overhead rate for the year. b.Calculate the amount of overhead applied to Job P512. c.Calculate the total job cost for Job P512. d.Calculate the unit product cost for Job P512. Required: a.Calculate the predetermined overhead rate for the year. b.Calculate the amount of overhead applied to Job P512. c.Calculate the total job cost for Job P512. d.Calculate the unit product cost for Job P512.

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a.Estimated total manufacturing overhead...

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Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the upcoming year appear below: Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year.Data for the upcoming year appear below: The predetermined overhead rate for the recently completed year was closest to: A) $29.39 per machine-hour B) $32.40 per machine-hour C) $32.81 per machine-hour D) $3.01 per machine-hour The predetermined overhead rate for the recently completed year was closest to:


A) $29.39 per machine-hour
B) $32.40 per machine-hour
C) $32.81 per machine-hour
D) $3.01 per machine-hour

E) B) and C)
F) A) and D)

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Mundorf Corporation has two manufacturing departments--Forming and Assembly.The company used the following data at the beginning of the year to calculate predetermined overhead rates: Mundorf Corporation has two manufacturing departments--Forming and Assembly.The company used the following data at the beginning of the year to calculate predetermined overhead rates: During the most recent month, the company started and completed two jobs--Job B and Job H.There were no beginning inventories.Data concerning those two jobs follow: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The amount of manufacturing overhead applied to Job B is closest to: A) $48,555 B) $35,490 C) $2,988 D) $45,567 During the most recent month, the company started and completed two jobs--Job B and Job H.There were no beginning inventories.Data concerning those two jobs follow: Mundorf Corporation has two manufacturing departments--Forming and Assembly.The company used the following data at the beginning of the year to calculate predetermined overhead rates: During the most recent month, the company started and completed two jobs--Job B and Job H.There were no beginning inventories.Data concerning those two jobs follow: Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The amount of manufacturing overhead applied to Job B is closest to: A) $48,555 B) $35,490 C) $2,988 D) $45,567 Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.The amount of manufacturing overhead applied to Job B is closest to:


A) $48,555
B) $35,490
C) $2,988
D) $45,567

E) None of the above
F) A) and D)

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Sargent Corporation applies overhead cost to jobs on the basis of 80% of direct labor cost.If Job 210 shows $10,000 of manufacturing overhead cost applied, how much was the direct labor cost on the job?


A) $12,500
B) $11,000
C) $8,000
D) $10,000

E) A) and C)
F) A) and D)

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The unit product cost for Job K818 is closest to:


A) $51.90
B) $259.50
C) $232.00
D) $119.50

E) B) and D)
F) None of the above

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Matrejek Corporation has two manufacturing departments--Forming and Customizing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: Matrejek Corporation has two manufacturing departments--Forming and Customizing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: During the most recent month, the company started and completed two jobs--Job D and Job K.There were no beginning inventories.Data concerning those two jobs follow: Required: a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job D. b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job K. c.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job D. d.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job K. During the most recent month, the company started and completed two jobs--Job D and Job K.There were no beginning inventories.Data concerning those two jobs follow: Matrejek Corporation has two manufacturing departments--Forming and Customizing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: During the most recent month, the company started and completed two jobs--Job D and Job K.There were no beginning inventories.Data concerning those two jobs follow: Required: a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job D. b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job K. c.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job D. d.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job K. Required: a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job D. b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job K. c.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job D. d.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 50% on manufacturing cost to establish selling prices.Calculate the selling price for Job K.

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a.The first step is to calculate the est...

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Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.The departmental predetermined overhead rate in the Assembly Department is closest to:


A) $2.60
B) $4.70
C) $6.05
D) $2.10

E) B) and D)
F) B) and C)

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Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.The departmental predetermined overhead rate in the Assembly Department is closest to:


A) $2.90
B) $6.48
C) $5.10
D) $2.20

E) A) and B)
F) None of the above

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Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.The manufacturing overhead applied to Job L is closest to:


A) $11,680
B) $28,780
C) $17,100
D) $29,900

E) None of the above
F) B) and C)

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The amount of overhead applied in the Milling Department to Job A319 is closest to:


A) $142,200.00
B) $552.00
C) $96.00
D) $474.00

E) A) and B)
F) All of the above

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Ashe Corporation has two manufacturing departments--Machining and Customizing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: Ashe Corporation has two manufacturing departments--Machining and Customizing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: During the most recent month, the company started and completed two jobs--Job B and Job K.There were no beginning inventories.Data concerning those two jobs follow: Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.The manufacturing overhead applied to Job K is closest to: A) $11,760 B) $1,740 C) $13,716 D) $13,500 During the most recent month, the company started and completed two jobs--Job B and Job K.There were no beginning inventories.Data concerning those two jobs follow: Ashe Corporation has two manufacturing departments--Machining and Customizing.The company used the following data at the beginning of the year to calculate predetermined overhead rates: During the most recent month, the company started and completed two jobs--Job B and Job K.There were no beginning inventories.Data concerning those two jobs follow: Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.The manufacturing overhead applied to Job K is closest to: A) $11,760 B) $1,740 C) $13,716 D) $13,500 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.The manufacturing overhead applied to Job K is closest to:


A) $11,760
B) $1,740
C) $13,716
D) $13,500

E) C) and D)
F) A) and B)

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Harnett Corporation has two manufacturing departments--Molding and Assembly.The company used the following data at the beginning of the period to calculate predetermined overhead rates: Harnett Corporation has two manufacturing departments--Molding and Assembly.The company used the following data at the beginning of the period to calculate predetermined overhead rates: During the period, the company started and completed two jobs--Job E and Job M.Data concerning those two jobs follow: Required: a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate that overhead rate. b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the amount of manufacturing overhead applied to Job E. c.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job E. d.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 60% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. e.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.What is the departmental predetermined overhead rate in the Molding department? f.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.What is the departmental predetermined overhead rate in the Assembly department? g.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job E? h.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 60% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. During the period, the company started and completed two jobs--Job E and Job M.Data concerning those two jobs follow: Harnett Corporation has two manufacturing departments--Molding and Assembly.The company used the following data at the beginning of the period to calculate predetermined overhead rates: During the period, the company started and completed two jobs--Job E and Job M.Data concerning those two jobs follow: Required: a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate that overhead rate. b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the amount of manufacturing overhead applied to Job E. c.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job E. d.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 60% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. e.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.What is the departmental predetermined overhead rate in the Molding department? f.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.What is the departmental predetermined overhead rate in the Assembly department? g.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job E? h.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 60% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. Required: a.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate that overhead rate. b.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the amount of manufacturing overhead applied to Job E. c.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.Calculate the total manufacturing cost assigned to Job E. d.Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 60% on manufacturing cost to establish selling prices.Calculate the selling price for Job E. e.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.What is the departmental predetermined overhead rate in the Molding department? f.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.What is the departmental predetermined overhead rate in the Assembly department? g.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.How much manufacturing overhead will be applied to Job E? h.Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.Further assume that the company uses a markup of 60% on manufacturing cost to establish selling prices.Calculate the selling price for Job E.

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a.The first step is to calculate the est...

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Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.The manufacturing overhead applied to Job F is closest to:


A) $4,620
B) $12,780
C) $12,420
D) $8,160

E) B) and C)
F) A) and D)

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Which of the following statements about using a plantwide overhead rate based on direct labor is correct?


A) Using a plantwide overhead rate based on direct labor-hours will ensure that direct labor costs are correctly traced to jobs.
B) Using a plantwide overhead rate based on direct labor costs will ensure that direct labor costs will be correctly traced to jobs.
C) It is often overly simplistic and incorrect to assume that direct labor-hours is a company's only manufacturing overhead cost driver.
D) The labor theory of value ensures that using a plantwide overhead rate based on direct labor will do a reasonably good job of assigning overhead costs to jobs.

E) A) and B)
F) None of the above

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The predetermined overhead rate is closest to:


A) $26.40
B) $25.14
C) $23.43
D) $24.60

E) A) and B)
F) A) and C)

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A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs.

A) True
B) False

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The amount of manufacturing overhead that would have been applied to all jobs during the period is closest to:


A) $831,600
B) $54,000
C) $774,900
D) $738,000

E) B) and C)
F) A) and B)

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