uestion Completion Status 600 795 QUESTION 3 rporation has p

uestion Completion Status: $6.00 $7.95 QUESTION 3 rporation has provided data concerning the Corporation\'s Manufacturing Overhead account for the month of May. Prior to the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account vwas $53,000 and the total of the credits to the account was $69,000. Which of the following statements is true? Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $53,000. O Manufacturing overhead for the month was underapplied by $16,000 O Actual manufacturing overhead incurred during the month was $69,000. O Manufacturing overhead applied to Work in Process for the month was $69,000. QUESTION4 Dearden Corporation uses a job-order costing system ith a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $144,000, variable manufacturing overhead of $2.00 per machine-hour, and 60,000 machine-hours. The predetermined overhead rate is closest to: O$2.40 per machine-hour O $6.40 per machine-hour $4.40 per machine-hour $2.00 per machine-hour Sav lick Save and Submit to save and submit. Click Save All Answers to save all answers.

Solution

Q3 4th option is correct. $ 69,000 manufacturing overhead was applied to work in progress account.

Q4 1st option is correct.

Pre determined overhead rate= total fixed manufacturing overhead/ no. of mahcine hours=144000/60000= $ 2.4 per machine hour