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Cat Company uses a job order cost system and applies manufacturing overhead costs to jobs using a predetermined overhead rate based on direct labour-hours. The following data were extracted from the company's accounting records for Year 10:
Estimated ActualManufacturing overhead costs $50,000 $54,000Direct labour hours 20,000 hours 24,000 hours
Job #500 was completed during the year and the following costs had been incurred on that job:
Direct materials: $4,000Direct labour: $1,500 (at $5.00 per direct labour hour) Required:
Question 1. What is the predetermined overhead rate for Cat Company?
Question 2. How much overhead would be applied to Job#500?
Question 3. Suppose Job #500 contained 100 units. What would be the total cost for job #500?
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