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# Year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...

## Question

###### Year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to...

year? Walsh Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur \$255,000 in manufacturing overhead during the year and that it would work 100,000 machine hours. The Corporation actually worked 105 000 machine-hours and incurred串270 000 n manufacturing overhead costs. By how much wa\$ manufacturing overhead underapplied or overapplied for the Select one: a. \$2,250 underapplied b. \$2,250 overapplied С. \$15,000 underapplied d. \$15,000 overapplied
Walsh Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year Raw Materials Bal. 1/1 Debits Bal. 12/31 17,000 Credits 97,000 30,000 Work In Process Bal. 1/1 Direct materials 74,000 Direct labor Overhead applied 257,000 Bal. 12/31 19,000 Credits 506,000 13,000 The cost of indirect materials requisitioned for use in production during the year was: Select one a. \$13,000 b. \$40,000 C. \$10,000 d. \$74,000
Walsh 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: Total machine-hours Total fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour \$2.10 80,000 312,000 Recently, Job T629 was completed with the following characteristics: Number of units in the job Total machine-hours 50 200 The predetermined overhead rate is closest to: Select one: a. \$6.00 per machine-hour b, \$3.90 per machine-hour c, \$8.10 per machine-hour d. \$2.10 per machine-hour
Walsh Corporation had only one job in process on May 1. The job had been charged with \$1,800 of direct materials, \$6,966 of direct labor, and \$9,936 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of \$18.40 per direct labor-hour During May, the following activity was recorded: Raw materials (all direct materials) Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred \$ 33,300 Inventories: Raw materials, May 30 Work in process, May 30 \$ 8,500 s 38,000 \$ 39,300 1,900 \$ 24,510 \$ 16,937 Work in process inventory on May 30 contains \$3,741 of direct labor cost. Raw materials consist solely of items that are classified as direct materials The cost of goods manufactured for May was: Select one: a. \$100,535 b. \$98,770 c. \$97,110 d. \$110,600
Walsh Corporation is using a predetermined overhead rate of \$22.30 per machine-hour that was based on estimated total fixed manufacturing overhead of \$446,000 and 20,000 machine-hours for the period. The company incurred actual total fixed manufacturing overhead of \$409,000 and 18,200 total machine-hours during the period. The amount of manufacturing overheed that would have been applied to all jobs during the period is closest to: Select one a, \$405,860 b. \$372,190 C. \$37,000 d. \$446,000 Walsh Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of \$239,700 and 4,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to \$242,000 and actual direct labor-hours were 4,600. The applied manufacturing overhead for the year was closest to: Select one a. \$242,006 b. \$229,586 C.\$234,600 d. \$236,854

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