Baka 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 $242,400 and 7,400 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,800 and actual direct labor-hours were 5,500. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $275,000 $180,180 $243,815 $181,225

Principles of Accounting Volume 2
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Chapter4: Job Order Costing
Section: Chapter Questions
Problem 8PB: Queen Bees Honey, Inc., estimated its annual overhead to be $110,000 and based its predetermined...
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Baka 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 $242,400 and 7,400 estimated direct labor-hours. Actual manufacturing overhead for the year
amounted to $243,800 and actual direct labor-hours were 5,500.
The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
$275,000
$180,180
$243,815
$181,225
Transcribed Image Text:Baka 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 $242,400 and 7,400 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $243,800 and actual direct labor-hours were 5,500. The applied manufacturing overhead for the year was closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $275,000 $180,180 $243,815 $181,225
During March, Pendergraph Corporation incurred $78,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied
to Work in Process was $80,000,
The journal entry to record the application of Manufacturing Overhead to Work in Process would include a:
Multiple Choice
credit to Manufacturing Overhead of $80,000
debit to Work in Process of $78,000
credit to Work in Process of $78.000
debit to Manufacturing Overhead of $80,000
Transcribed Image Text:During March, Pendergraph Corporation incurred $78,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $80,000, The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: Multiple Choice credit to Manufacturing Overhead of $80,000 debit to Work in Process of $78,000 credit to Work in Process of $78.000 debit to Manufacturing Overhead of $80,000
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