Given the following:

Required:
1.	Assuming the use of a plantwide overhead rate:

a.

Compute the rate for the current year.

b.Determine the amount of manufacturing overhead cost that would have been applied to the Hastings job.

2.	Suppose that instead of using a plantwide overhead rate, the company had used a separate predetermined overhead rate in each department. Under these conditions:

a.

Compute the rate for each department for the current year.

Cutting: ________ %

Machning: ________ %

Assembly: ___________%

b.Determine the amount of manufacturing overhead cost that would have been applied to the Hastings job. (Round your intermediate calculations to the nearest percent.)

4.	Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead). (Round your intermediate calculations to the nearest percent.)

a.

What was the company's bid price on the Hastings job if plantwide overhead rate had been used to apply overhead cost?

b.What would the bid price have been if departmental overhead rates had been used to apply overhead cost?

5.At the end of the year, the company assembled the following actual cost data relating to all jobs worked on during the year:

a.	Compute the underapplied or overapplied overhead for the year, assuming that a plantwide overhead rate is used. (Round your intermediate calculations to the nearest percent.)
	b. Compute the underapplied or overapplied overhead for the year, assuming that departmental overhead rates are used. (Enter all overapplied values as negative numbers. Round your intermediate calculations to the nearest percent.)