1) Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,000 hours at $14/hour) and that factory overhead would be $1,540,000 for the current period. At the end of the period, the records show that there had been 220,000 hours of direct labor and $1,240,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead rate? (Round your answer to two decimal places.) $5.17 per direct labor hour. $7.00 per direct labor hour. $6.42 per direct labor hour. $5.84 per direct labor hour. $6.25 per direct labor hour.

2)

The B&T Company's production costs for May are: direct labor, $17,000; indirect labor, $6,900; direct materials, $15,400; property taxes on production equipment, $840; heat, lights and power, $1,040; and insurance on plant and equipment, $240. B&T Company's factory overhead incurred for May is:

$41,420.

$2,120.

$22,300.

$6,900.

$9,020.

3)

The Work in Process Inventory account of a manufacturing company that uses an overhead rate based on direct labor cost has a $3,350 debit balance after all posting is completed. The cost sheet of the one job still in process shows direct material cost of $1,490 and direct labor cost of $830. Therefore, the amount of the applied overhead is:

$1,030.

$2,520.

$830.

$1,860.

$2,320.