Question 1:
Bottum Corporation, a manufacturing company, has provided data concerning its operations for May. The beginning balance in the raw materials account was $21,500 and the ending balance was $36,700. Raw materials purchases during the month totaled $63,200. Manufacturing overhead cost incurred during the month was $111,900, of which $2,500 consisted of raw materials classified as indirect materials. The direct materials cost for May was:
$44,500
$47,500
$45,500
$44,000
Question 2:
Washtenaw Corporation uses a job-order costing system. The following data are for last year:
Estimated direct labor-hours 12,900
Estimated manufacturing overhead costs $43,344
Actual direct labor-hours 10,500
Actual manufacturing overhead costs $36,800
Washtenaw applies overhead using a predetermined rate based on direct labor-hours. What amount of overhead was applied to work in process last year?
$35,030
$37,880
$35,280
$36,380