1.

Selected information from the Blake Corporation accounting records for June follows:

Materials Inventory
BB (6/1)	86,000
	458,000	413,000

Work-In-Process Inventory
Labor	310,000
EB(6/30)	510,000

Finished Goods Inventory
BB (6/1)	288,000
	833,000	830,000

Cost of Goods Sold
		21,000
Manufacturing Overhead Control
	320,000
		320,000

Applied Manufacturing Overhead
		341,000
	320,000
	21,000

Additional information for June follows:

Labor wage rate was $20 per hour.

During the month, sales revenue was $1,023,000, and selling and administrative costs were $233,000.

This company has no indirect materials or supplies.

The company applies manufacturing overhead on the basis of direct labor-hours.

Required:

b. What was the over- or underapplied manufacturing overhead for June?

Overapplied

Manufacturing overhead

?

c. What was the manufacturing overhead application rate in June?

Manufacturing overhead

?

Per direct-labor hour

f. What was the operating profit (or loss) for June? (Negative amounts should be indicated by a minus sign.)

Operating profit (loss)

?