Determining Job Costs Using the ABC Method Job 25AX required 5000 for direct materials 2000 for direct labor 200 direct labor hours 100 machine hours two setups and three design changes The cost pools and overhead rates for each pool follow Determine the cost of Job 25AX using the ABC method QUESTION 9 Exercise 418 Computing Underand Overapplied Factory Overhead Housley Paints Co had a remaining debit balance of 25000 in its under and overapplied factory overhead account at yearend The balance was deemed to be large and therefore should be closed to Work in Process Finished Goods and Cost of Goods Sold The yearend balances of these accounts before adjustments showed the following a Determine the prorated amount of the underapplied factory overhead that is chargeable to each of the accounts Work in Process Finished Goods Cost of Goods Sold Total QUESTION 10 Cost Pool Overhead Rate Assembly support 5direct labor hour Machine support 10machine hour Machine setups 250setup Design changes 500design change Work in Process 60000 Finished Goods 40000 Cost of Goods Sold 150000 Total 250000