8. Question :
(TCO 2) BCS Company applies manufacturing overhead based on direct labor hours.
Information concerning manufacturing overhead and labor for August follows:
Estimated
Actual
9. Question :
(TCO 2) Citrus Company incurred manufacturing overhead costs of $300,000. Total
overhead applied to jobs was $306,000. What was the amount of overapplied or
underapplied overhead?
10. Question :
(TCO 3) Companies in which of the following industries would notbe likely to use
process costing?
11.Question :
(TCO 3) The Blending Department began the period with 20,000 units. During the
period the department received another 80,000 units from the prior department and
at the end of the period 30,000 units remained, which were 40% complete. How
much are equivalent units in The Blending Department’s work in process inventory
at the end of the period?
12. Question :
(TCO 3) Ranger Glass Company manufactures glass for French doors. At the start of
May, 2,000 units were in-process. During May, 11,000 units were completed and
3,000 units were in process at the end of May. These in-process units were 90%
complete with respect to material and 50% complete with respect to conversion
costs. Other information is as follows: