Sweet Co. uses budgeted overhead rates to apply overhead to individual jobs. They use a system based on direct labor hours. Last year, the company made the following estimates for this year.

Direct labor costs $48,000,000

Factory overhead costs $6,400,000

Direct Labor Hours 80,000

Machine Hours 110,000

(a) What is the budgeted overhead rate for the company?

(b) If Job #34567 had the following:

Material costs were $500,000;

Direct labor costs were $450,000;

Direct labor hours were 25,000; and

Machine hours were 36,000,

then what is the total cost of Job #34567?