ABC Company uses machine hours to apply manufacturing overhead to units produced. If ABC estimates that it will generate 560,000 machine hours and incur $6,720,000 in manufacturing overhead costs during the year, its predetermined overhead application rate will be $ per hour.

ABC Company uses a predetermined overhead rate of $10 per direct labor hour. Actual manufacturing overhead incurred during October amounted to $35,000 when ABC worked 3,200 direct labor hours. At the end of October, the Manufacturing overhead account has a balance of $ that is (underapplied/overapplied).

ABC Company incurred $124,000 of manufacturing overhead in March and applied $120,000 to March production. If ABC produced 16,000 units during March, its predetermined overhead rate being used for the year is $ per unit.

ABC Company has two departments (Processing and Packaging) and uses a job-order costing system. ABC applies overhead in Processing based on machine hours and on direct labor cost in Packaging. The following information is available for July: ProcessingPackagingMachine hours  2,500  1,000Direct labor cost$44,500$23,000Applied overhead$55,000$51,750What is the overhead application rate per machine hour for Processing?

ABC Company's production budget for March is 32,000 units. Budgeted fixed overhead is $64,000. ABC's standard fixed overhead application rate is $2 per machine hour and each unit is allowed a standard of 1 hour of machine time. Actual fixed overhead for March is $67,000. Actual production in March is 36,000 units.Calculate the fixed overhead volume variance for March:Fixed overhead volume variance = $.Use F or U to identify the variance as Favorable or Unfavorable: .

Following are ABC Company's production costs for January:Direct Materials $83,000Direct Labor $39,000Manufacturing Overhead $5,200Calculate the total cost that can be directly traced to specific products in the production process.