1. (25 points) USUM Company manufactures a range of products in several factories scattered across the Upper Midwest. In the Marshall factory, they make only the Tang. USUM applies overhead to production on the basis of machine hours (MH).

As of October 2023, the company predicts that Factory Overhead for 2024 will total $3,329,000 and that the manufacturing activity will require 120,000 MH.

Part a. Show calculations for USUMs predetermined OH rate for 2024.

Now assume that we are at the end of 2024. USUM has incurred total overhead costs of $3,635,000 and used 117,000 MH.

Part b. Show calculations for the total amount of Factory OH applied to production during 2024.

Part c. Show calculations for the over- or under-applied OH amount for 2024.

Part d. Job 24-185 used 121 MH. How much overhead was applied to this job?