e ie Conversion 4) Calculate total Period cost PROBLEM III Simplex Company has the following estimated costs for next year: Direct materialis Direct labor$55,000 Sales commissions.. Salary of production supervisor. Indirect materials. Advertising expense.. Rent on factory equipment16,000 S15,000 $75,000 S35.000 $5,000 $11,000 Simplex estimates that 10,000 direct labor hours and 16,000 machine-hours will be worked during the year. Overhead is applied on the basis of machine-hours. Actual machine -hours wa 12,000. Required: Calculate: 1) Predetermined overhead rate 2) Total n anufacturing cost. PROBLEM IV Merry Music Company manufactures drums. In February, the two production departments budgeted allocation bases of 10,000 machine hours in department 100 and 5 manufacturing labor hours in department 200. The budgeted month were $56,000 and $50,000, respectively. ,000 direct manufacturing overheads for the , the actual costs incurred in the as follows Department 100 Department 200 Direct material purchased on account $ 88,000 '28.000 32,000 8,800 7,000 13,000 700 Direct materials used Direct manufacturing labor Indirect manufacturing labor Indirect materials used Lease on equipment Utilities $142,000 11,800 40,800 7,200 4,600 4,000 1,000 Job XX incurred 1,500 machine hours in department 100 and 400 manufacturing labor hours in department 200. The company uses a budgeted overhead rate for applying overhead to production. Required: Determine the total cost of Job XX. (Make sure to show all computations !!)