Estimated cost and operating data for three companies for the upcoming year follow:

	Company X	Company Y	Company Z
Direct labor-hours	80,000	45,000	60,000
Machine-hours	30,000	70,000	21,000
Direct materials cost	$ 400,000	$ 315,000	$ 300,000
Manufacturing overhead cost	$ 536,500	$ 315,000	$ 480,000

Predetermined overhead rates are computed using the following allocation bases in the three companies:

	Allocation Base
Company X	Direct labor-hours
Company Y	Machine-hours
Company Z	Direct materials cost

1. Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418, 12,000 hours; Job 419, 36,000 hours; and Job 420, 30,000 hours. How much overhead will the company apply to Work in Process for the year?

2. Compute each companys predetermined overhead rate for company X