At the end of 2017, records show the company incurred $1,575,000 of actual overhead costs. it completed and sold five jobs with the following direct labor costs: job 201, $609,000; job 202, $568,000; job 203, $303,000; job 204, $721,000; and job 205, $319,000. in addition, job 206 is in process at the end of 2017 and had been charged $22,000 for direct labor. no jobs were in process at the end of 2016. the company's predetermined overhead rate is based on direct labor cost. required 1-a. determine the predetermined overhead rate for 2017. 1-b. determine the total overhead cost applied to each of the six jobs during 2017. 1-c. determine the over- or underapplied overhead at year-end 2017. 2. assuming that any over- or underapplied overhead is not material, prepare the adjusting entry to allocate any over- or underapplied overhead to cost of goods sold at the end of 2017.

Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?