1. What is the predetermined overhead rate for 2018 for Department 203?
2. Apply overhead to each of the jobs worked on in 2018.
3. Jobs 1376 and 1377 were completed during 2018. The jobs yielded 5,000 and 3,000 units of product, respectively. What was the unit cost for each of these products?
4. What is the value of work in process inventory on 12/31/2018? What jobs are included?
5. Was overhead over- or under applied for 2018 in Department 203? By how much?

MASCOH (Mueller, Avenatti, Stormy, Cohen, Omarosa, and Huckabee) Associates provided the following data for Department 203 for 2018. Work in process as of 1/1/2018: Job No. Material Labor Overhead Total 1376 $ 17,500 $ 22,000 $33,000 $ 72,500 Actual costs incurred by Department 203 during 2018: By Job: 1376 $ 1.000 $ 7,000 $ 8,000 1377 26,000 53,000 79,000 1378 12,000 9,000 21,000 1379 4,000 1,000 5,000 TOTAL $ 43,000 $ 70,000 Not incurred by job: Indirect Materials $15.000 Indirect Labor 53,000 Employee Benefits 23,000 Depreciation 12,000 Supervision 20,000 TOTAL $123.000 Department 203 Overhead Budget for 2018: Indirect Materials $16.000 Indirect Labor 56,000 Employee Benefits 24,000 Supervision 20,000 Depreciation 12,000 TOTAL $128.000 Budgeted Direct Labor Dollars $ 80,000 Balances at 12/31/2018, before disposition of over/under applied overhead: Finished Goods Inventory $106,000 Cost of Goods Sold 852,000 Overhead is applied based on direct labor dollars