Wet N Wild Sports Equipment Company's Work in Process Inventory

question 110

Multiple Choice

Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance of $22,400 representing Job No.265.During June,$50,000 of direct materials were requisitioned for Job No.265 and $35,000 of direct labor cost was incurred on Job No.265.Manufacturing overhead is allocated at 125% of direct labor cost.Actual manufacturing overhead costs incurred in June amounted to $41,000.No new jobs were started during June.Job No.265 is completed on June 28.
Is manufacturing overhead overallocated or underallocated for the month of June? By how much?

• A)$2,750 underallocated
• B)$13,000 overallocated
• C)$13,000 underallocated
• D)$2,750 overallocated

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Definitions:

Cognitive Development

The study of how thinking, problem solving, and intelligence evolve as people grow, from infancy through adulthood.

Patty-cake

A traditional clapping game played with infants and young children, characterized by a repeated rhyme and accompanying hand movements.

Sensorimotor Development

The stage in Jean Piaget's theory of cognitive development, from birth to about age 2, where infants learn about the world through their sensory and motor interactions.