169.A company's job order costing system applies overhead based on direct labor cost. The company's estimated production costs for were: direct labor, $57,600; direct materials, $76,800; and factory overhead, $9,600. Calculate the company's overhead rate.
170.The job cost sheet for Job number 83-421 includes the following information:
DIRECT MATERIALS:
7/12 Requisition R88-566: 20 units @ $3.50 per unit
7/13 Requisition R88-576: 18 units @ $5.00 per unit
7/13 Requisition R88-578: 4 units @ $25.00 per unit
7/14 Requisition R88-591: 40 units @ $1.25 per unit
DIRECT LABOR:
7/12 Employee 19: 8 hours @ $9.00 per hour
7/13 Employee 19: 6 hours @ $9.00 per hour
7/13 Employee 37: 6 hours @ $7.00 per hour
7/14 Employee 19: 5 hours @ $9.00 per hour
7/14 Employee 92: 5 hours @ $11.00 per hour
FACTORY OVERHEAD: Assigned at 150% of direct labor cost.
What is the total cost of Job number 83-421?
171.The following calendar year information about the Tchulahota Corporation is available on December 31:
Advertising expense$28,800
Depreciation of factory equipment42,320
Depreciation of office equipment10,800
Direct labor142,600
Factory utilities35,650
Interest expense6,650
Inventories, January 1:
Raw materials3,450
Work in Process17,250
Finished goods35,600
Inventories, December 31:
Raw materials2,300
Work in Process20,700
Finished goods31,050
Raw materials purchases132,450
Rent on factory building41,400
Indirect labor51,750
Sales commissions16,500
The company applies overhead on the basis of 125% of direct labor costs. Calculate the amount of over- or underapplied overhead.