Quick Review Questions For Upcoming Exams!?

Please let me know if my answers to these questions are right or wrong. I wasn’t to sure about them so please help me out for this review.
Marks: 1
The following budget data are available for Oldest Company:
Estimated direct labor hours
12,000
Estimated direct dollars
$90,000
Estimated factory overhead costs
$179,000
If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is
Choose one answer.
a. $2.57
b. $.51
c. $.067
d. $14.92
(c)
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be 45,000. Actual factory overhead costs incurred were $377,200, and actual direct labor hours were 47,000. What is the amount of overapplied or underapplied manufacturing overhead at the end of the year?
Choose one answer.
a. $16,000 overapplied.
b. $16,000 underapplied.
c. $1,200 overapplied.
d. $1,200 underapplied.
(b)
Generally, period costs are classified as either
Choose one answer.
a. selling expenses or production expenses.
b. administrative expense or production expenses.
c. selling expenses or administrative expenses.
d. general expenses or selling expenses.
(a)
Marks: 1
The following budget data are available for Happy Company:
Estimated direct labor hours
12,000
Estimated direct dollars
$90,000
Estimated factory overhead costs
$179,000
Actual direct labor hours
11,500
Actual direct dollars
$92,000
Actual factory overhead costs
$180,000
If factory overhead is to be applied based on direct labor dollars, the predetermined overhead rate is
Choose one answer.
a. 199%
b. 196%
c. $14.92
d. $15.65
(c)
During the period, labor costs incurred on account amounted to $250,000 including $200,000 for production orders and $50,000 for general factory use. In addition, factory overhead charged to production was $23,000. From the following, select the entry to record the direct labor costs.
Choose one answer.
a. Work in Process 200,000
Wages Payable 200,000
b. Work in Process 250,000
Wages Payable 250,000
c. Wages Payable 250,000
Work in Process 250,000
d. Wages Payable 200,000
Work in Process 200,000
(b)
Materials purchased on account during the month amounted to $195,000. Materials requisitioned and placed in production totaled $168,000. From the following, select the entry to record the transaction on the day the materials were requisitioned by the production department.
Choose one answer.
a. Materials 168,000
Work in Process 168,000
b. Work in Process 195,000
Materials 195,000
c. Work in Process 168,000
Materials 168,000
d. Work in Process 168,000
Cash 168,000
(a)