Meyers Corporation had the following inventory balances at the beginning and end of November: November 1 November 30 Raw Materials $ 8,000 $ 14,000 Finished Goods $ 22,000 $ 15,000 Work in Process $ 2,000 $ 5,000 During November, $17,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $4 per direct labor-hour, and it paid its direct labor workers $7 per hour. A total of 100 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $2,000 of direct materials cost. The Corporation incurred $12,000 of actual manufacturing overhead cost during the month and applied $11,000 in manufacturing overhead cost. The actual direct labor-hours worked during November totaled

2.Brusveen Corporation applies manufacturing overhead to jobs on the basis of direct labor-hours. The following information relates to Brusveen for last year: Estimated Actual Direct labor-hours 15,000 14,800 Manufacturing overhead cost $300,000 $287,120 What was Brusveen's underapplied or overapplied overhead for last year?

3.Collins Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information applies to the Corporation for the current year: Direct labor-hours: Estimated for the year 24,000 Actual hours worked 19,500 Direct labor cost: Estimated for the year $300,000 Actual cost incurred $210,000 Manufacturing overhead: Estimated for the year $240,000 Actual cost incurred $185,000 The manufacturing overhead cost for the current year will be: