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Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the u

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Answer #1

1) Predetermine overhead rate = 251600/62900 = 4 per MH

2) Total manufacturing overhead applied = 4600*4 = 18400

3) balance in ending work in process

Job 103
Direct material 5300
Direct labor 4300
Overhead (900*4) 3600
Total 13200

4) Cost of goods sold = 10200+16400+(1200*4) = 31400

Gross profit = 50800-31400 = 19400

5a) Balance = 18400-17000 = 1400

5b) Over applied overhead

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