Problem 1: (20 points) Greene Company uses a normal cost, job order costing system. In the Cutting Department, overhead is applied using machine hours. In the Assembly department, overhead is applied using direct labor hours. In December 2017, the company estimated the following data for its two departments for 2018: Cutting Department 10,000 58,000 500,000 Assembl Estimated direct labor hours Estimated machine hours Estimated fixed manufacturing overhead cost$ Estimated variable manufacturing cost artment 29,500 15,000 650,000 $2 per machine hour 3.25 per direct labor hour Required: Answer the following questions. Show your work and/or calculations. 1) What is the total estimated manufacturing overhead in the Cutting Department? 2) What is the total estimated manufacturing overhead in the Assembly Department? 3) Compute the predetermined overhead rate for each department. Problem 2: (20 points) Christoff Company uses a normal cost, job order costing system, In the Cutting Department, overhead is applied using a predetermined overhead rate of $10.00 per machine hour. In the Assembly Department, overhead is applied using a predetermined overhead rate of $22.00 per direct labor hour Job #315 was started and completed during February, 2017. The job cost sheet shows the following information Cutting Department 22,600 1,250 24 320 Assembl Direct material Direct labor cost Direct labor hours Machine hours artment 3,400 4,050 310 Required: Answer the following questions. Show your work and/or calculations. 1) Compute the overhead applied to Job #315 for each department and in total. 2) Compute the total cost of Job #315 Problem 3: (5 points) Jorgenson, Inc. incurred total cost of $42.00 per unit for the Anderson job. The company uses a markup percentage of 140% of its total manufacturing cost to establish a selling price. Required: Answer the following question. Show your work and/or calculations. 1) What is the selling price for each unit