Question 1
Actual (rather than allocated) manufacturing overhead costs are first recorded in the ________.
◦ Work-in-Process Control account
◦ Finished Goods Control account
◦ Manufacturing Overhead Control account
◦ Cost of Goods Sold account
Question 2
Bauer Manufacturing uses departmental cost driver rates to allocate manufacturing overhead costs to products. Manufacturing overhead costs are allocated on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 2018, the following estimates were provided for the coming year:
| Direct labor-hours | 60,000 | 70,000 |
| Machine-hours | 20,000 | 30,000 |
| Direct labor cost | $450,000 | $750,000 |
| Manufacturing overhead costs | $300,000 | $210,000 |
The accounting records of the company show the following data for Job #316:
| Direct material cost | $350 | $100 |
| Direct labor cost | $350 | $450 |
For Bauer Manufacturing, what is the annual manufacturing overhead cost-allocation rate for the Machining Department?
◦ $3.00
◦ $6.00
◦ $5.00
◦ $15.00
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