Answer:

A$.$ company uses a predetermined overhead rate of $$3\mathrm{.}50$ per direct labour hour, based on an estimate of $22,000$ direct labour hours to be worked during the year. The actual direct labour hours in the year were $25,000$ and the actual overhead cost was $$90,000.$ Calculate the over$/$under applied manufacturing orechead.

Next pac

Explain the difference between the process cost system and job order cost system by answering the following questions:

a$.$ When is it approprlate to use the process cost system $($i$.$e$..$ for what types of products$)?$

b$.$ When it it appropriate to use the job order cost system $($i$.$e$..$ for what types of products$)?$

c$.$ What does the process cost system calculate?

d$.$ What does the job order cost system calculate?

Be sure to label your answers as a$,$ b$,$ c$,$ and d$.$