- Do NOT round calculations, ONLY round final answer for each individual required in a problem

- Use rounded answers for subsequent questions for same problem

- Dollar amount - round to nearest penny

- % to two decimal places

- round units to the next unit

Greene Inc. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead allocation rate. The following information is available at the beginning of the year: Estimate Estimated factory overhead costs $1,725,000 Estimated machine hours 115,000 On July 31 the following information was available: Job # Job # Description 4560 4570 Direct materials $14,400 $6,500 Direct labour $10,200 $4,600 Machine hours 150 70 Use the above information to answer the questions which follow. Question 20 (1 point) What is the overhead allocation rate per machine hour? A/ Question 21 (1 point) The amount of overhead applied to Job 4560 is $ A/ Question 22 (1 point) The total cost of Job 4570, after overhead is applied, is $ Question 23 (2 points) Job 4560 was completed in July and the client was billed at cost plus 60%. The price of Job 4560 was $ Question 23 (2 points) Job 4560 was completed in July and the client was billed at cost plus 60%. The price of Job 4560 was $ Question 24 (2 points) At the end of the year actual machine hours were 108,000; therefore, total overhead applied to all jobs for the year was $_ Question 25 (1 point) At the end of the year actual factory overhead is $1,587,000. This means that factory overhead is a) Neither over- or under-applied b) Under-applied c) Over-applied Question 25 (1 point) At the end of the year actual factory overhead is $1,587,000. This means that factory overhead is a) Neither over- or under-applied b) Under-applied c) Over-applied Question 26 (2 points) The total over- or under-applied factory overhead for the year is $. Enter your answer as a positive number. A/