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10. Refer to the T-account below:

Manufacturing Overhead
(2)	9,000	(12)	167,000
(3)	15,000
(4)	80,000
(5)	30,000
(6)	25,000
	159,000		167,000
		Bal.	8,000

The ending balance of $8,000 represents which of the following?

• Underapplied overhead.

• Manufacturing overhead that will be carried over to the next period.

• Overapplied overhead.

• A bookkeeping error.

11. Raider Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the departments operations in January.

	Units				Percent Complete with Respect to Conversion
Beginning work in process inventory		9,300				10	%
Transferred in from the prior department during January		80,000
Completed and transferred to the next department during January		79,800
Ending work in process inventory		9,500				80	%

The Molding Departments cost per equivalent unit for conversion cost for January was $3.35. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January?

• $31,825.00

• $6,365.00

• $22,122.70

• $25,460.00

12.

Job 910 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials	$	2,474
Direct labor-hours		73	labor-hours
Direct labor wage rate	$	19	per labor-hour
Machine-hours		134	machine-hours

The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $20 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be:

• $6,541

• $7,381

• $3,865

• $3,861

13. Creswell Corporation's fixed monthly expenses are $21,500 and its contribution margin ratio is 60%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $75,000?

• $8,500

• $23,500

• $45,000

• $53,500

14.

Meester Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to three activity cost pools based on resource consumption. Data used in the first stage allocations follow:

Overhead costs:

Equipment depreciation	$	79,800
Supervisory expense	$	4,900

Distribution of Resource Consumption Across Activity Cost Pools:

	Activity Cost Pools
	Machining	Order Filling		Other
Equipment depreciation	0.40	0.30		0.30
Supervisory expense	0.40	0.20		0.40

Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:

Activity:

	MHs (Machining)	Orders (Order Filling)
Product M0	1,270	700
Product H2	9,410	1,430
Total	10,680	2,130

How much overhead cost is allocated to the Order Filling activity cost pool under activity-based costing?

• $24,920

• $57,820

• $16,731

• $29,830

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