1. Predetermined OH rates (1pt): Konerko Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of the most recently completed year, the company estimated the labor-hours for the upcoming year at 66,000 labor-hours. The estimated variable manufacturing overhead was $8.41 per labor-hour and the estimated total fixed manufacturing overhead was $1,533,180. The actual labor-hours for the year turned out to be 68,400 labor-hours.

Compute the company's predetermined overhead rate for the recently completed year.

Unit Product Cost (1pt): Job #MB56 was recently completed. The following data have been recorded on its job cost sheet:

Direct materials	$	59,400
Direct labor-hours		1,224	DLHs
Direct labor wage rate	$	15	per DLH
Number of units completed		3,600	units

The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $35 per direct labor-hour.

Compute the unit product cost that would appear on the job cost sheet for this job.

Applied Overhead Costs (2pts): Riders Corporation uses a job-order costing system with a single plant-wide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours		40,000
Total fixed manufacturing overhead cost	$	344,000
Variable manufacturing overhead per machine-hour	$	3.90

Recently, Job M759 was completed. It required 60 machine-hours. Calculate the amount of overhead applied to Job M759.