1. Lowden Company has a predetermined overhead rate of 157% and allocates overhead based on direct material cost. During the current period, direct labor cost is $58,000 and direct materials cost is $88,000. How much overhead cost should Lowden Company should apply in the current period?

2. A production department's output for the most recent month consisted of 9,400 units completed and transferred to the next stage of production and 6,400 units in ending Work in Process inventory. The units in ending Work in Process inventory were 60% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.

3. Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for direct material usage is:

Direct materials used	$	106,000
Direct labor used		179,000
Predetermined overhead rate (based on direct labor)		160	%
Goods transferred to finished goods		451,000
Cost of goods sold		463,000
Credit sales		829,000

4. Peterson Company estimates that overhead costs for the next year will be $2,400,000 for indirect labor and $900,000 for factory utilities. The company uses machine hours as its overhead allocation base. If 110,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.)