51 what is the budgeted direct cost rate per hour for professional partner labour 51 4302272

 

51) What is the budgeted direct-cost rate per hour for professional partner labour?
51) ______ A) $38.00 per hour B) $46.00 per hour C) $50.00 per hour D) $57.63 per hour E) $44.50 per hour

52) What is the budgeted direct-cost rate for dental assistant labour?
52) ______ A) $11.250 per hour B) $9.125 per hour C) $16.125 per hour D) $17.875 per hour E) $13.750 per hour

53) What is the budgeted direct-cost rate per hour for office staff?
53) ______ A) $6.125 per hour B) $9.625 per hour C) $11.250 per hour D) $6.875 per hour E) $7.500 per hour

54) What would be the percentage change in the budgeted direct cost rate if they consider hiring one more employee, as part of the office staff?
54) ______ A) 0%
B) 3.0%
C) 2.0%
D) 1.0%
E) 0.5%

55) What would be the new budgeted direct-cost rate if they decided to give all of the dental assistants a 10% raise?
55) ______ A) $12.375 per hour B) $9.125 per hour C) $11.250 per hour D) $13.000 per hour E) $9.875 per hour

56) A Hospital uses a job cost system for all surgery patients. In February, the pre-operating room (PRE-OP) and operating room (OR) had budgeted allocation bases of 1,000 nursing hours and 500 nursing hours, respectively, and budgeted nursing overhead charges were $28,000 and $22,000, respectively. The hospital floor for surgery patients had budgeted overhead costs of $200,000 and 2,500 nursing hours for the month. The hospital uses a budgeted overhead rate for applying overhead to patient stays. For patient Jones, actual hours incurred were six and eight hours, respectively, in the PRE-OP and OR rooms. He was in the hospital for 5 days (120 hours). Other costs related to Jones were:

 

PRE-OPORIn-room

CostsCostsCosts

Patient medicine$

200$

500$2,400

Direct nursing time1,2001,7502,700

 

Required:

 

Determine the budgeted overhead rate for the hospital floor for surgery.
56) ______ A) $44.00 B) $80.00 C) $45.75 D) $47.75 E) $28.00

Use the information below to answer the following question(s):

 

Jim's Computer Products manufactures keyboards for computers. In June, the two production departments had budgeted allocation bases of 10,000 machine hours in Department 1 and 5,000 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $34,500 and $37,500, respectively. For Job 501, the actual costs incurred in the two departments were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Department 1

Department 2

Direct materials purchased on account$66,000$106,500

Direct materials used19,5008,100

Direct manufacturing labour31,50032,100

Indirect manufacturing labour6,6005,400

Indirect materials used4,5002,850

Lease on equipment9,7502,250

Utilities600750

 

Job 501 incurred 1,000 machine hours in Department 1 and 300 manufacturing labour hours in Department 2. The company uses a budgeted departmental overhead rate for applying overhead to production.

57) What is the budgeted manufacturing overhead rate for Department 1?
57) ______ A) $7.50 per hour B) $6.90 per hour C) $3.75 per hour D) $3.45 per hour E) $8.00 per hour

58) What is the budgeted manufacturing overhead rate for Department 2?
58) ______ A) $3.75
B) $3.45
C) $8.00
D) $4.60
E) $7.50

59) What is the total cost of Job 501?
59) ______ A) $123,900 B) $91,200 C) $27,600 D) $126,500 E) $96,900

60) The General Ledger account that combines the separate Job Cost records is called the
60) ______ A) finished goods control. B) manufacturing overhead allocated. C) manufacturing overhead control. D) Cost of Goods Sold. E) work-in-process control.