Determine and Use Overhead Rate
Cortez Consulting, Inc., expects the following costs and expenses during the coming year:

Direct labor (@ $22.50/hr.)	$81,000
Sales commissions	18,500
Overhead	72,000

a. Compute a predetermined overhead rate applied on the basis of direct labor hours.

Round to two decimal places, if applicable.

$Answer:

b. Prepare a general journal entry to apply overhead during an interim period when 750 direct labor hours were worked.

General Journal
Description	Debit	Credit
Answer Choices:Consulting overhead/Cost of goods sold/Finished goods inventory/Work in process inventory	Answer	Answer
Answer Choices:Consulting overhead/Cost of goods sold/Finished goods inventory/Work in process inventory	Answer	Answer

c. What amount of overhead would be assigned to Job 466, to which $90 in direct labor had been charged?

Round to two decimal places, if applicable.

$Answer: