PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR DETAILED WORK!

Parker Company had the following information for the year:

Direct materials used $ 174,436

Direct labor incurred (7,120 hours) $ 245,574

Actual manufacturing overhead incurred $ 160,049

Parker Company used a predetermined overhead rate using estimated overhead of $173,719 and 8,480 estimated direct labor hours. How much overhead was applied during the year?

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Mills, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The activity rate for Machining is $35 per machine hour, and the activity rate for Inspection is $44 per batch. The activity drivers are used as follows:

	Product A	Product X
Machine hours	2,045	1,472
Number of batches	228	372

What is the amount of Inspection cost assigned to Product A?

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Anderson Inc. issued $171,950 in raw materials to production (of the $171,950, $30,491 were not traceable to specific jobs). The credit to Raw Materials Inventory would be $_____________

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Walnut Systems produces two different products, Product A, which sells for $124 per unit, and Product B, which sells for $196 per unit, using three different activities: Design, which uses Engineering Hours as an activity driver; Machining, which uses machine hours as an activity driver; and Inspection, which uses number of batches as an activity driver. The cost of each activity and usage of the activity drivers are as follows:

	Cost		Usage by Product A			Usage by Product B
Design (Engineering Hours)	$	141,625		387			804
Machining (Machine Hours)	$	206,180		2,049			3,184
Inspection (Batches)	$	87,600		265			663

Calculate the activity rate for machining. Round to 2 decimal places