The One Stop Print Shop does a wide variety of printing work on a custom basis. For this reason, the company uses a job order cost system. During the month of May, six jobs were worked on. A summary of the job cost sheet on these jobs is given below:
Job no Direct materials Direct labour Factory OH applied Total Cost of job
216 $ 410 $ 360 $ 288 $ 1,058
217 850 790 632 2,272
218 110 85 68 263
219 1,500 1,140 912 3,552
220 950 850 680 2,480
221 270 115 92 477 (ending work in process)
The One Stop Print Shop has used the same overhead rate on all jobs. Job 216 was the only job in process at the beginning of the month. At that time it had incurred direct labor costs of $150 and total cost of $570.

Required:

1. What is the apparent predetermined overhead rate being applied by the One Stop Print Shop?

2. Assume that during May factory overhead was overapplied by $600. What was the actual factory overhead cost incurred during the month?

3. What was the total amount of direct materials placed into production during May?

4. How much direct labour cost was incurred during May?

5. What was the cost of goods manufactured for May?

6. The beginning finished goods inventory was $2,550. What was the cost of goods sold for the month if the ending finished goods inventory was 3,550?