Calculating and applying manufacturing overhead. A summary of budget data for the Cervez Machine Corporation for the year 19X7 is given below.

Instructions 1. Use each of the following bases to determine the overhead application rate.
Round to three decimal places except for percents, which should be carried to six places and rounded to five.

a. Materials costs

b. Direct labor costs

c. Direct labor hours

d. Machine hours 2. Prepare a schedule showing the amount of overhead that would be applied to Job 76 using each application rate. Assume the following data for the job:

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Manufacturing overhead costs $196,560 Direct materials costs Direct labor costs Direct labor hours Machine hours $86,400 $159,310 79,300 hours 16,050 hours