1)Henkes 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 65,000 labor-hours. The estimated variable manufacturing overhead was $8.10 per labor-hour and the estimated total fixed manufacturing overhead was $1,092,000. The actual labor-hours for the year turned out to be 67,800 labor-hours.

Required:

Compute the company's predetermined overhead rate for the recently completed year. (Round your answer to 2 decimal places.)

2)

Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 51,000 direct labor-hours, total fixed manufacturing overhead cost of $76,500, and a variable manufacturing overhead rate of $3.80 per direct labor-hour. Recently Job X387 was completed and required 120 direct labor-hours.

Required:

Calculate the amount of overhead applied to Job X387. (Do not round intermediate calculations.)