Martin's Metalworks is in the business of making machine parts for lawnmowers. They have started work on Job #333 during 2022. They have estimated that this job will take 2 hours of labor @$20 per hour and material costs of $70.

During the month of September, Martin's Metalworks incurred the following:

Direct Material Costs $50

Labor - Administrative $150

Utilities $300

Depreciation Expense $250

Martin's Metalworks estimates that their overhead for 2022 will be $50,000. Martin's employees will spend 5,000 labor hours.

1. What is the predetermined overhead rate if direct labor hours are considered the cost driver?
2. What is the cost of Job #333? (Direct Materials, Direct Labor, Applied Overhead) be sure you answer three parts.
3. What is the overhead incurred during the month?