At the beginning of the year, Han Company estimated the following:

Overhead$240,000Direct labor hours80,000

Han uses normal costing and applies overhead on the basis of direct labor hours. For the month of January, direct labor hours were 8,150. By the end of the year, Han showed the following actual amounts:

Overhead$246,000Direct labor hours79,600

Assume that unadjusted Cost of Goods Sold for Han was $336,000.

1.Calculate the predetermined overhead rate for Han.

2.Calculate the overhead applied to production in January.

3.Calculate the total applied overhead for the year.

Was overhead over- or under applied? By how much?

4.Calculate adjusted Cost of Goods Sold after adjusting for the overhead variance.

Next question:

On July 1, Job 46 had a beginning balance of $720. During July, prime costs added to the job totaled $690. Of that amount, direct materials were three times as much as direct labor. The ending balance of the job was $1,600.

1.What was overhead applied to the job during July?

2.What was direct materials for Job 46 for July? Direct labor? If rounding is required, round your answers to the nearest cent.

Direct labor$

Direct materials$

3.Assuming that overhead is applied on the basis of direct labor cost, what is the overhead rate for the company?