The Ilarion Manufacturing Company operates a job-order costing system and applies overhead cost to jobs on the basis of direct labor cost. Its predetermined overhead rate was based on a cost formula that estimated $137,200 of manufacturing overhead for an estimated allocation base of $98,000 direct labor dollars. The company has provided the following data.

Inventories	Beginning		Ending
Raw materials	$	48,000	$	20,500
Work in process	$	64,000	$	45,500
Finished goods	$	90,000	$	70,500

The following actual costs were incurred during the year:

Purchase of raw materials (all direct)	$	149,000
Direct labor cost	$	95,000
Actual manufacturing overhead costs:
Insurance, factory	$	10,700
Depreciation of equipment	$	18,900
Indirect labor	$	34,600
Property taxes	$	10,400
Maintenance	$	22,500
Rent, building	$	45,500

Required:
1-a.	Compute the predetermined overhead rate for the year.

1-b.	Compute the amount of underapplied or overapplied overhead for the year.

2.	Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials.

3.	Compute the unadjusted cost of goods sold for the year. (Do not include any underapplied or overapplied overhead in your cost of goods sold figure.)

4.	Job 453 was started and completed during the year. What price would have been charged to the customer if the job required $5,200 in materials and $6,800 in direct labor cost, and the company priced its jobs at 30% above the jobs cost according to the accounting system?

5.	Direct labor made up $10,600 of the $45,500 ending Work in Process inventory balance. Supply the information missing below: