8. (TCO 2) Which of the companies below would be most likely to not use job-order costing? (Points : 7)
| 8. (TCO 2) Which of the companies below would be most likely to not use job-order costing? (Points : 7) |
A contract printerA custom boat builderA chemical manufacturerA specialty coffee roaster
| Question 9.9. (TCO 2) James Company applies manufacturing overhead based on machine hours. Information concerning manufacturing overhead cost and hours for August follows. EstimatedActualOverhead cost $500,000 $400,000Direct labor hours 15,000 40,000Machine hours 25,000 80,000 How much is the predetermined overhead rate? (Points : 7) |
$33.33$5.00$20.00$10.00
| 10. (TCO 2) During 2015, Thompson Company applied overhead using a job-order costing system at a rate of $15 per direct labor hour. Estimated direct labor hours for the year were 110,000, and estimated overhead for the year was $1,650,000. Actual direct labor hours for 2015 were 100,000, and actual overhead was $1,520,000. What is the amount of under- or over-applied overhead for the year? (Points : 7) |
$130,000 under-applied $20,000 under-applied $130,000 over-applied $20,000 over-applied
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