Question

6. Give the entry to assign overhead to production for a given period, assuming that the overhead rate is 150 percent of direct labor cost and that $80,000 of direct labor cost was incurred in that period. Blank 1 Blank 2 Blank 3 To assign overhead to work in process. 7. a. Classify each of the following costs of a mobile home manufacturer using these symbols: DM - Direct Materials, DL = Direct Labor, MO = Manufacturing Overhead, and 0 = Other. Sheet aluminum. h. Wages of assemblers. b. Wages of drill press operators. Salaries of inspectors. c. Oil for factory machines. Lumber. d. Salary of company president. k. Factory accountant's salary. e. Factory supervisors' salaries. Executive office rent. f. Sales salaries. m. Nails and staples. g. Factory building insurance. n. Purchasing agent's salary. Identify by letters the costs in the preceding question that would be classified as product costs and as period costs. Product Costs Period Costs 1. 8. 9. Selling and administrative costs are often called costs and are as incurred. 10. If Cost of Goods Manufactured is $306,790, beginning Work in Process Inventory, $25,000, and Cost to Manufacture, $300,000, the ending Work in Process Inventory balance is $

(Fill in the blank Choices) for: (Question 6)(Question 9)   

Administrative

Beginning

Contribution

Cost driver

Direct labor

Direct labor-hours

Direct materials

Dollars of direct labor cost

Ending

Expensed

Fixed

Fixed manufacturing overhead

For the period ended

Income statement

Indirect labor

Indirect materials

Job cost

Level of activity

Machine-hours

Manufacturing

Manufacturing overhead

Margin

Name of company

Overapplied

Period

Predetermined overhead rate

Process cost

Selling

Statement of cost of goods manufactured

Total budgeted overhead

Underapplied

Variable costing

Work inprocess inventory

Question 7 answer choices is highlighted (DM, DL, DO, O)

Question 8 answer choices (A-N in question 7)

Answer 1

The answer of both question are shown it the belowmentioned image.

Answer for Question no 6:-

Work in process inventory A/c Dr.$120000

To Manufacturing Over head A/c. $120000

Answer of Question no 7 n. Wages of assembler DL DM a.Sheet Aluminum b.Wages of drill DL press operator coll for factory MO machine d. Salary of Company 0 president e.Factory MO supervisor's Salary o 1. Sales Salaries 9. Factory Building MO Insurance MO Salary of Inspector DM J.Lumber K.Factory Accoutants MO Salary 1.Executive office Rent MO m Nails & staples n.Purchasing agent's MO salary o DM=Direct material, DL-Direct Labour, MO=Manufacturing Overhead,O=Other Answer of Question no 8 Product Cost Period Cost d.Salary of Company president f.Sales Salaries 1.Executive office Rent a.Sheet Aluminum b.Wages of drill press operator c. Oil for factory machine e.Factory supervisor's Salary g. Factory Building Insurance h. Wages of assembler 1.Salary of Inspector J.Lumber k.Factory Accoutants Salary m. Nails & staples n.Purchasing agent's salary

Answer for question no 9:-

Selling and Administrative cost are often called period cost and are recorded in Income Statement as incurred.