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 Match the following overhead activity levels with the type of activity, type of cost and type of cost driver listed below

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 Match the following overhead activity levels with the type of activity, type of cost and type of cost driver listed below. A. Facility-sustaining B. Product-sustaining C. Batch-related D. Unit-related 1. 4. 5. Designing products 2. Insurance on buildings 3. Machine time used to manufacture product Number of square feet in building Ordering cost 2. The Memory Time Picture Frame Company has the following cost. Match the cost with one of the following four classifications. A. Direct material cost B. Direct labor cost C. Manufacturing overhead cost D. Selling and administrative cost I 1. 2. 3 4 5 Glass for the frames Wages paid for assembly workers Depreciation on building housing the assembly facility Salary of plant supervisor Packing material to ship frames Wood for frames Cost of sales force commissions Glass cleaner 6 7 8
at Tools Add-ons Help Last edit was 2 minutes ago mal text V Calibri 11 + BI UA 3 co 3 DU 2 3. Which of the following is not one of the activities of the conversion process? A. Schedule production B. Obtain raw material C. Use labor and other manufacturing resources to create finished goods D. Selling finished goods 4. Which of the following is not considered manufacturing overhead? A Depreciation on factory equipment B. Supervisors salaries C. Cost of utilities for factory D. Depreciation on warehouse that stores finished goods 5. Which of the following is not included in cost of work in process? I A Direct labor B Requisition of raw material Purchfawati
5. Which of the following is not included in cost of work-in-process? A. Direct labor B. Requisition of raw material C. Purchase of raw material D. Application of overhead The following three questions use the following information. Sarasota Copy Company applies batch-related manufacturing overhead based on The following information is available: Estimated Actual Production Runs 500 535 Manufacturing Overhead Costs $775,000 $846,370 6. The predetermined manufacturing overhead rate per production run is: Show your work. A. $1,582 B. $1,693 c. $1,550 D. $1,448 7. The amount of manufacturing overhead applied to Work-in-Process Invento Show your work A B 5846,370 $829,250 $775.000 $745,000
c. $775,000 D. $745,000 8. The amount of over/under applied manufacturing overhead is: Show your work. A. $71,370 under applied B. $54,250 under applied C. $17,120 under applied D. $54,250 over applied
Direct materials Inventory, June 1, 2017 $28,000 Direct materials Inventory, June 30, 2017 $? Work-In-Process Inventory, June 1, 2017 $48,000 Work-In-Process Inventory, June 30, 2017 $27,000 Finished Goods Inventory, June 1, 2017 $16,500 Finished Goods Inventory, June 30, 2017 $24,000 Direct Materials used $35,500 Direct Labor used $44,000 Direct Materials purchased $27,500 Indirect materials used (supplies) $12,000 Indirect labor used $36,000 Other manufacturing overhead $41,600 Administrative salaries $22,500 Sales salaries and commissions $15,000 I Depreciation on factory equipment $10,000 Depreciation on sales and office equipment $21,000 Applied manufacturing overhead $99,300 1. What is the cost of Goods Manufactured? Show your work below and label your amounts. 2. Calculate and label the amount of either over- or under-applied overhead. Show your work below and label your amounts. 3. Show the entry to close Manufacturing Overhead into Cost of Goods Sold. 4. What would be the ending balance of Direct Materials? Show your work below and label your amounts.
Prepare Journal entries to record the following transactions: a. Purchased $38,500 of raw materials on account. b. Transferred $22,400 of direct materials and $6,350 of Indirect materials from raw materials into production C. Recorded $5,800 of direct labor and $7,630 of Indirect labor. d. Paid $3,200 for factory utilities. e. Received and paid an advertising bill for $8,000. f. Recorded $1,860 of depreciation on the factory equipment. g. Manufacturing overhead of $18,500 was applied to production. h. Completed product with a total cost of $39,750 and transferred it to the finished goods warehouse I Sold product costing $17,240 for $26,500 on account Closed the under-over applied manufacturing overhead.