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Problem 1: Coleridge Company estimates that its production workers will work 125,000 direct labor hours during the upcoming period and that overhead costs will amount to $750,000. Assume Overhead to be allocated on the basis of direct labor hours. What predetermined overhead rate would be used to apply overhead to production during the period?
Group of answer choices
A. $6.00 per direct labor hour
B. $0.67 per direct labor hour
C. $6.00 per unit
D. $0.67 per unit
Problem 2: A materials requisition in a job-order cost system is used as a:
A. A source document for assigning costs to individual departments.
B. A means of ordering materials from outside suppliers
C. A subsidiary account for recording the materials used on each job.
D. Request form for getting the necessary materials from the materials store room.
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