During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead.Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $275,000 would be incurred, and 9,700 direct labor hours would be worked.During March, 11,000 hours were actually worked. Use this information to determine the standard overhead rate.Round & enter any final dollar answers to the nearest cent

During March 2019, Alaska Corporation recorded $266,000 of costs related to factory overhead.Alaska's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $250,000 would be incurred, and 12,500 direct labor hours would be worked.During March, 11,800 hours were actually worked. Use this information to determine the amount of overhead over or under applied.Enter over applied overhead as a negative number. round & enter any final dollar answers to the nearest whole dollar

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 12,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 65% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material$26,000

Direct Labor17,000

Factory Overhead15,000

Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March: Round & enter final answers to the nearest cent.

Annapolis Clothing Company manufactures quality boating attire.The following selected financial information for the fiscal year 2018 is provided:

Item

Amount

Sales

$200,000

Cost of Goods Manufactured

55,000

Direct Material Purchased

80,000

Factory Overhead

20,000

Work in Process - January 1

60,000

Work in Process - December 31

30,000

Direct Material - December 31

20,000

Finished Goods Inventory - December 31

52,000

Net Income

30,000

Direct Materials used

60,000

Cost of Goods Sold

65,000

Use this information to determine the dollar amount of Annapolis Clothing's Finished Goods Inventory for January 1, 2018. Round dollar values & enter as whole dollars only.