16)Bob applies O/H at a budgeted indirect-cost rate of $18 per DLH. The following data apply to June 2014:

Direct materials $140,000

Direct labor (4,000 hours @ $10/hour) 40,000

Indirect labor 13,000

Plant facility rent 30,000

Depreciation on plant machinery and equipment 22,500

Sales commissions 24,000

Administrative expenses 28,000

The amount of O/H allocated to all jobs during June 2014 is how much?

17)Jill uses a normal cost system and had the following data available for 2010:

Direct materials purchased on account $ 148,000

Direct materials requisitioned 82,000

Direct labor cost incurred 130,000

Factory overhead incurred 146,000

Cost of goods completed 292,000

Cost of goods sold 256,000

Beginning direct materials inventory 26,000

Beginning WIP inventory 64,000

Beginning finished goods inventory 58,000

Overhead application rate, as a percent of direct-labor, costs 125 percent

The ending balance of work-in-process (WIP) inventory is________.

18)The ending balance of finished goods (FG) inventory is ________.

19.) A local firm employs 20 full-time professionals. The budgeted annual compensation per employee is $81,000. The budgeted average chargeable time is 500 hours per client annually. All professional labor costs are included in a single direct-cost category and are allocated to jobs on a per-hour basis.

Other costs are included in a single indirect-cost pool, allocated according to professional labor-hours. Budgeted indirect costs for the year are $787,500. If the firm expects to have 80 clients during the coming year, what is the direct labor cost rate per hour:

20)What is the indirect-cost allocation rate for the firm (this is conceptually similar to the O/H allocation rate for a manufacturer)?