1.

Nincada Inc Inc has provided the following data for the month of March. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.

	Work-in-Process	Finished Goods	Cost of Goods Sold	Total
Direct Materials	4,450	5,800	8,500	18,750
Direct Labor	5,750	5,374	9,700	20,824
Applied Overhead	6,200	11,950	7,876	26,026
Total	16,400	23,124	26,076	65,600

Manufacturing overhead for the month was OVERAPPLIED by 8,000.

The company allocates any underapplied or overapplied overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the ending balances in those accounts.

Nincada's Finished Goods after allocation of any underapplied or overapplied overhead for the month is closest to _____________.

Note: For interim calculations, use 5 decimal places; round-off final answer to a whole number.

2. The Work in Process inventory account of Ninetales Publishing Inc shows a total manufacturing cost of 20,000 at the end of an accounting period. The job cost sheets of the two uncompleted jobs show charges of 6,000 and 5,000 for materials, and charges of 2,000 and 4,000 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of _______%.