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1. The following data are given for a period: Estimated (budgeted) Manufacturing overhead cost $60,000 Actual...

1.

The following data are given for a period:

Estimated (budgeted) Manufacturing overhead cost $60,000

Actual Manufacturing overhead cost                          $64,000

Predetermined overhead rate: $20 per machine hour

Estimated Activity base                                              3,000 machine hours

Actual Activity base                                                   3,300 machine hours

Manufacturing overhead is:

over-applied by $6,000.

over-applied by $2,000.

under-applied by $2,000.

over-applied by $4,000.

under-applied by $4,000.

2.

Salem Company applies overhead on the basis of direct labor hours. Its predetermined overhead rate is $70 per direct labor hour.

   The following additional information is given regarding a given product:

  1. Direct material cost per unit of product is $100.
  2. Direct labor cost per unit of product is $60.
  3. 2 direct labor hours are needed to make one unit of product.

           What is the cost per unit (unit product cost) for the product?

$360

$370

$280

$300

$320

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