1 ABC Construction applies overhead to its projects at a rate of $70 per direct labor hour. Laborers are paid an average rate of $32 per hour. The NY Apartments project was charged a total of $2,300,000 in direct materials and $500,000 in direct labor costs.

Overhead applied to the Jefferson Apartments project amounted to: ?

2 During the current year, ABC Company incurred the following product costs:

Direct materials used in production $270,000;

Direct labor $134,250; and

Manufacturing overhead $203,500.

ABC Company's beginning Work in Process Inventory was $29,000 and its ending Work in Process Inventory amounted to $34,500. What is the company's cost of finished goods manufactured for the year?

3 ABC Company uses a job order cost system and has established a predetermined overhead application rate for the current year of 150% of direct labor cost, based on budgeted overhead of $900,000 and budgeted direct labor cost of $600,000. Job No. 1 was charged with direct materials of $36,000 and with overhead of $27,000. What is the total cost of Job No. 1?

4 ABC Company's budget for the coming year includes $5,800,000 for manufacturing overhead, 20,000 hours of direct labor, and 200,000 hours of machine time.

If ABC applies overhead using a predetermined rate based on machine-hours, what amount of overhead will be assigned to a unit of output which requires 0.4 machine hours and 0.20 labor hours to complete?