Rockville, Inc. uses a job-costing system. It applies manufacturing overhead on the basis of direct labor dollars. The following information relates to the first quarter of 2012 hereafter referred to as Q1/2012:

• Estimated manufacturing overhead for the quarter was $775,000.

• Rockville estimated that their jobs would consume $250,000 of direct labor cost.

• By the end of the first quarter of 2012, Job 1 has been sold; Job 2 has completed

  production and is ready for sale but no sale has occurred; Job 3 has not completed

  production. Jobs 1, 2 and 3 are the only three jobs that Rockville works on in Q1/2012.

• The following additional data is available for the quarter:

Job number	WIP Inventory in the beginning 1/1/2012	Direct Materials	Direct Labor Cost
1	$11,300	$150,000	$62,000
2	$22,500	$290,000	$91,000
3	$0	$301,000	$93,000

1. Compute the company's predetermined overhead application rate for Q1-2012

2. What is Rockvilles cost of goods sold in Q1/2012? Dont worry

about any adjustments for variance to answer this question.

3. What is the dollar value of cost of goods manufactured during Q1/2012?