Bobby's Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost. Cost flows through the Work in Process Inventory account during June are given below:

Work in Process

Beginning Balance

0

Transferred Out

300,000

Direct Materials

70,000

Direct Labor

100,000

Overhead

260,000

Ending Balance

130,000

Only Job #007 was still in process at the end of June and this job had been charged with $40,000 in direct materials cost.

Questions:

(1) The amount of direct materials cost charged to completed jobs during March was:

(2) The predetermined overhead application rate at Capri Boat is what percentage of direct labor costs?

(3)

The amount of overhead costs applied to Job #007 during June was?

*Please submit answers in the following format (1): $36,000