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a. A company purchased $2,450 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,150. What was

a. A company purchased $2,450 worth of merchandise during the month, and its monthly income statement shows cost of goods sold of $2,150. What was the beginning inventory if the ending inventory was $1,000?

b. A company estimates its manufacturing overhead will be $472,500 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent.

Budgeted direct labor hours: 42,000

$ per direct labor hour

Budgeted direct labor expense: $1,050,000

$ per direct labor dollar

Estimated machine hours: 70,000

$ per machine hour

c. A company has estimated their overhead will be $44,000, consisting of 4,000 hours of direct labor. The cost to make Job 0325 is $70 in aluminum and two hours of labor at $10 per hour. During the month, York incurs $50 in indirect material cost, $160 in administrative labor, $290 in utilities, and $240 in depreciation expense.

What is the predetermined overhead rate if direct labor hours are considered the cost driver?

$ per direct labor hour

What is the cost of Job 0325?

$

What is the overhead incurred during the month?

$

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