Martin's Metalworks is in the business of making machine parts for lawnmowers. The 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.

What is the predetermined overhead rate if direct labor hours are considered the cost driver?

What is the cost of Job #333?

Direct Materials

Direct Labor

Applied Overhead

Total Cost

What is the overhead incurred during the month?