Calculating and applying manufacturing overhead. A summary of budget data for the Jones Manufacturing Group for the year 19X6 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 78 using each application rate. Assume the following data for the job:

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Manufacturing overhead costs $651,260 Direct materials costs Direct labor costs Direct labor hours Machine hours $326,790 $478,200 98,250 hours 37,980 hours