1. (TCO 2) XYZ Company uses budgeted overhead rates to apply overhead to individual jobs. It uses a system based on machine hours. Last year, the company made the following estimates for this year. Direct labor costs $15,000,000 Factory overhead costs $18,500,000 Direct Labor Hours $500,000 Machine Hours $1,000,000 (a) What is the budgeted overhead rate for the company? (Show your work) (b) If Job #33133 had the costs listed below, what would be the total cost of Job #33133? (Show your work) Material costs were $600,000; Direct labor costs were $750,000; Direct labor hours were 20,000; and Machine hours were 22,000. (Points : 30)

Question 2.2. (TCO 3) James Company uses process costing to track its costs in two sequential production departments: Forming and Finishing. The following information is provided regarding the Forming Department: Forming Department Month Ended June 30 Unit information Beginning work in process, June 1 --- 4,000 Started into production during June --- 22,000 Completed and transferred to Finished Department during June --- 20,000 Ending work in process, June 30 (20% complete as to direct materials and 50% complete as to conversion costs) --- 6,000 Cost information: Beginning work in process as of June 1 consists of $1,000 of direct materials costs and $4,500 of conversion costs --- $5,500 Direct materials used in June --- $7,268 Conversion costs incurred in June --- $32,990 Required: (a) Calculate the equivalent units for direct materials. (Show your work) (b) Calculate the cost per equivalent unit for direct materials. (Show your work) (Points : 30)

Question 3.3. (TCO 6) Classify each of the costs below within the ABC costing hierarchy as either unit-level, batch-level, product-level, or facility-level. (a) Cost to inspect each product as it is finished (b) Factory depreciation (c) Machine setup (d) Costs to hire human resource personnel (e) Salary for a product-line manager (f) Receiving raw materials from vendors (Points : 30)

Question 4.4. (TCO 2) Bryant Company incurred costs of $50,000 for direct materials (raw) purchased. Direct labor was $60,000 and factory overhead was $35,000 for May. Inventories were as follows: Raw materials beginning $14,000; raw materials ending $10,000 Work-in-process beginning $24,000; work-in-process ending $36,000 Finished goods beginning $10,000; finished goods ending $25,000 Required: Calculate the cost of goods manufactured for May for Bryant Company. You need to show your work. (Points : 30)