Name: Class: Date: ID: A BUSN 314 Managerial Accounting/Exam II- Chapters 2 and 3/Fall 2017 Problem 1. Elf Company produces onamental trees and uses normal costing, Elf applies overhead based on direct labor hours. The following data are provided Actual S400,000 $392,000 18,000 17,840 S521,000 $410,000 10,000 Budgeted Overhead Machine Hours Direct Labor Hours Direct Materials Cost Direct Labor Cost Units Produced 20,000 16,000 A. Calculate applied overhead. B. Calculate the unit cost Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. Estimations for the year include $420,000 in Overhead and 30,000 direct labor hours. 2. Prihil worked on five johs in Manch Data ane.as.fo Job 89 Job 90 Job 91 Job 92 Job 93 $23,110 $18,240 $ 9,510 S0 $ 0 13,000 17,210 22,900 15,2408,210 8,075 11,500 16,250 9.750 4,860 Balance, 3/1 Direct Materials Direct Labor cost Direct Labor Hours 972 1,615 2,300 3,250 1,950 By March 31, Jobs 89 and 91 were completed and sold. The rest of the jobs remained in process. A. Calculate the plantwide overhead rate. B. Calculate the Work-in-Process on March 31. C. Caleulate the cost of goods sold for March. D. Assume Pribil marks up cost by 40%, what is the selling price of Jobs 89 and 91