$($Chapter $13)$ Due

date: $\frac{22}{4}\frac{?}{2024}$

AB Company produces automobile bumpers. Overhead is

applied on the basis of machine hours required for cutting and

fabricating. A predetermined overhead application rate of $$15$

per machine hour was established for $2022.$ If $10,000$ machine

hours were expected to be used during $2022,$ how much

overhead was expected to be incurred $($$$)?$

Manufacturing overhead is assigned to production using an

application rate based on direct labor hours. For year $2020$ the

company's cost accountant estimated that total overhead costs

incurred would be $$900,000$ and that a total of $30,000$ direct

labor hours would be worked. A production run of $450$ units

used raw materials that cost $$750$ and used $100$ direct labor

hours at a cost of $$8$ per hour. What is the cost of each unit?

Seeb Boats uses direct labor hours to calculate the

predetermined overhead rate for the year. The company

provided the following data for the year:

Calculate the amount of overapplied or underapplied overhead

for the year and indicate whether it is overapplied or

underapplied.

The following are beginning and ending inventories of ABC

Company for the month of May:

Raw materials purchased during the month of May totaled

$$185,900.$ Direct labor costs incurred totaled $$468,300$ for the

month. Actual and applied manufacturing overhead costs for

May totaled $$282,600$ and $$288,400,$ respectively.

Over$/$underapplied overhead is written

off to cost of goods sold at the end of the year in December.

Calculate the cost of goods sold for May $($$$).$

Company $M$ has reported the following information for the

month of February:

How much is the direct materials purchased during the month?