# “Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base.

“Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base. This period’s estimated overhead cost is \$100,000 and estimated direct labor cost of \$50,000 and 2,500 direct labor hours.DirectDirectDirectMaterialsLabor CostLabor HoursJob 200 500\$ 80040Job 201350 200 10Job 202 1,000 600 30Reference: Ref 5-1What is the overhead allocation rate?30%50%60%200%O’Hare Sisters Manufacturing uses job costing and applies overhead using a normal costing system using direct labor hours as the allocation base. This period’s estimated overhead cost is \$400,000, estimated direct labor cost is \$500,000 and estimated direct labor hours are 25,000. This period actual overhead cost was \$420,000, actual direct labor cost was \$390,000, and actual direct labor hours were 20,000.DirectDirectDirectMaterialsLabor CostLabor HoursJob 400200\$ 80040Job 401250 200 10Job 402 500 600 32Reference: Ref 5-2What is the total manufacturing cost of Job 400?\$1,200\$1,320\$1,000\$1,6409(M/C)Kelita’s Kar Kare Kompany had the following cost and inventory data for the month.Reference: Ref 5-5What were the direct materials available for the month?\$7,800\$4,500\$6,300\$6,00011(M/C)Kelita’s Kar Kare Kompany had the following cost and inventory data for the month.Reference: Ref 5-5Assume that the total production costs incurred for the month were \$15,000. What was the cost of jobs completed?\$19,050\$15,450\$15,000\$14,550Asadi Company uses a job costing system and allocates overhead using an estimated overhead allocation rate based on direct labor hours. Information for 20×5 is as follows:EstimatedActualManufacturing overhead\$166,500\$165,000Direct labor hours50,00060,000Reference: Ref 5-6The overhead allocated to work-in-process during 20×5 before the year-end adjustment was\$165,000\$199,800\$166,500\$198,00015(M/C)Asadi Company uses a job costing system and allocates overhead using an estimated overhead allocation rate based on direct labor hours. Information for 20×5 is as follows:EstimatedActualManufacturing overhead\$166,500\$165,000Direct labor hours50,00060,000Reference: Ref 5-6The amount of over- or underapplied overhead for 20×5 was\$34,800 overapplied\$3,000 underapplied\$1,500 overapplied\$1,500 underapplied”- Sent to Accounting Expert Tutor on 4/2/2011 at 3:50pm

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