1. Compute conversion costs given the following data: direct materials, $366,100; direct labor, $192,700; factory overhead, $196,800 and selling expenses, $46,600.

a.$562,900

b.$755,600

c.$389,500

d.$150,200

2. Thomlin Company forecasts that total overhead for the current year will be $11,434,000 with 159,000 total machine hours. Year to date, the actual overhead is $7,737,000 and the actual machine hours are 100,000 hours. The predetermined overhead rate based on machine hours is

Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

a.$49 per machine hour

b.$77 per machine hour

c.$72 per machine hour

d.$114 per machine hour

3. The Thomlin Company forecasts that total overhead for the current year will be $11,251,000 with 192,000 total machine hours. Year to date, the actual overhead is $7,822,000 and the actual machine hours are 97,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, as of this point in time (year to date), the overhead is

Round the factory overhead rate to the nearest dollar before multiplying by the number of hours.

a.$3,148,500 underapplied

b.$2,099,000 underapplied

c.$2,099,000 overapplied

d.$3,148,500 overapplied