### 167 a manufacturing company uses an overhead rate based on direct labor cost the com 4296083

167.A manufacturing company uses an overhead rate based on direct labor cost. The company&#39;s Work in Process Inventory account has a \$15,000 debit balance after all posting is completed, and the cost sheet of the one job still in process shows direct material costs of \$6,600 and direct labor costs of \$3,000. What is the company&#39;s overhead application rate?

168.Nutley Company uses a job order cost system and last period incurred \$70,000 of overhead and \$100,000 of direct labor. Nutley estimates that its overhead next period will be \$65,000. The company also expects to incur \$100,000 of direct labor. If Nutley bases its overhead applied on direct labor cost, what should be the overhead rate for the next period?

169.A company&#39;s job order costing system applies overhead based on direct labor cost. The company&#39;s estimated production costs for were: direct labor, \$57,600; direct materials, \$76,800; and factory overhead, \$9,600. Calculate the company&#39;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?