1. Filex company manufactures pipes and applied manufacturing overhead costs to production at a budgeted indirect cost rate of $18 per direct labor. The following data are obtained from the accounting records for June 2014:

Direct materials	$140,000
Direct Labor (4000hr@10/hr)	40,000
Indirect Labor	13,000
Plant facility rent	30,000
Depreciation on plant machinery & equiment	22,500
Sales commisions	24,000
Administrative Expenses	28,000

Required: For June 2014, Manufacturing Overhead is _______? and Overallocated or Underallocated?

2. Top Flight, Inc manufactures steno pads. There are two processes: printing and binding. Top Flight uses the weighted avereage method of process costing. The following partial information from the printing department process cost sheet for November is provided:

Calculated WA Equivalent units	Materials	Conversion
Units completed& transferred out	46000	46000
Work in process, november 30	4000	3200
Total weighted average equivalent units	50000	49200
Costs for november:	Materials	Conversion
Work in process, november 1	36000	42000
Costs added during November	108000	105600
Total costs	144000	147600

Required: The journal entry for the cost of goods transferred from the printing process to the binding process is?

3. The kraig Corporation manufactures custom- made purses. The following data pertains to job XY5:

Direct Materials placed into production $4,000

Direct Labor hours worked 50 hours

Direct Labor rate per hour $ 15

Machine hours worked 100 hours

Factory overhead is applied using a plant wide rate based on direct labor hours. Factory overhead was budgeted at $60,000 for the year and the direct labor hours were estimated to be 15,000. Job XY5 consists of 50 units.

Required: what is the total product cost assigned to job XY5?