$3

$3.25

$3.45

None of the above

Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 20,000 hours and the total estimated manufacturing overhead was $352,500. At the end of the year, actual direct labor-hours for the year were 25,000 hours and the actual manufacturing overhead for the year was $436,890. Overhead at the end of the year was: *

$2,988 underapplied

$3,735 underapplied

$3,735 overapplied

None of the above

The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $3,500. A total of 40 direct labor hours and 146 machine-hours were worked on the job. The direct labor wage rate is $15 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost for the job on its job cost sheet would be: *

$4,700

$4,100

$6,290

None of the above

CR Corporation has the following estimated costs for the next year: Direct materials $4,000 Direct labor $20,000 Rent on factory building $20,000 Sales salaries $25,000 Depreciation on factory equipment $10,000 Indirect labor $15,000 Production supervisor's salary $15,000 CR Corporation estimates that 20,000 labor-hours will be worked during the year. If overhead is applied on the basis of direct labor-hours, the overhead rate per hour will be