Factory overhead rates and application. The cost department of the Bundy company made the following estimates for the coming year; factory overhead $425,000; material cost $850,000; production 20,800 cases; labor cost $250,000, labor hour $106,250

Required:

1. The factory overhead rate based on (a) labor cost (b) labor hours and (c) material cost.
2. The amount of overhead to be charged to job 465 by each rate in (1) above. (Job 465: material cost $21,000; labor cost $14,800for 3,700 hours)