FIN+MAN ACCT - ACCESS+PROCTORIO
9th Edition
ISBN: 9781265171438
Author: Wild
Publisher: MCG
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Frick Company uses a job order cost system and applies overhead based on estimated rates. The
overhead application rate is based on total estimated overhead costs of $240,000 and direct labor
hours of 60,000. For job 945, direct labor hours were 900.
Which of the following is correct?
a. Factory Overhead should be debited for $3,600.
b. Factory Overhead should be credited for $3,600.
c. Overhead Expense should be debited for $3,600.
d. Overhead Expense should be credited for $3,600.
e. None of these.
Unit costs for materials and conversion cost
amount to $4 and $5 respectively. The ending
work in process costs for 8,000 units (100%
result as to material and 70% result as to
conversion costs) amount to
A) $60,000.
B) $72,000.
C) $44,000.
D) $40,000.
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