Mmangerial confusion

1.34 Ii \"eta." 14%; \\/ ACCT 1220 TEST 3 A - Saved A/ple 4. The Thompson Company use: \"overtake costing to determine product cost. Three activities and Lei. rate: have been calculated as shown below. Setting up equipment : $500 per setup Moving goods : $20 per move Machining : $4 per machine hour Thompson provided the following data from the 'ob order cost sheet for Job #345 Direct materials $2,00 Direct labor 1,80 Setups 1 Moves 30 Machine hours 900 A. Calculate the overhead applied to Job #345. B, Calculate the total cost of Job #3451 C, If price is calculated by applying a 30% markup on cost, what is the price for Job #345? Assume Job #345 required two setups, 15 moves, and 700 machine hours. Calculate the overhead applied to Job #345. Assuming a 50% markup on cost, what is the price of Job #345 using the overhead rate calculated in part D. 5' Williams Incorporated estimated overhead to be $440,000 and direct labor hours to be 100,000 for the year. Actual direct labor ended up being 120,000 hours. Actual overhead for the year amounted to $500,000. A. What is the predetemLined overhead rate? B, What is the applied overhead for the year'.7 C, What is the amount of under or overapplied overhead at the end of the year