1. Finished goods inventory is $185,000. If overhead applied to these goods is $74,000, and the overhead rate is 110% of direct labor, how much direct materials cost was incurred in producing the inventory? $29,600. $43,727. $67,273. $41,727. $81,400. 2. Austin Company uses a job order cost accounting system. The company's executives estimated that direct labor would be $5,200,000 (200,000 hours at $26/hour) and that factory overhead would be $1,440,000 for the current period. At the end of the period, the records show that there had been 120,000 hours of direct labor and $1,140,000 of actual overhead costs. Using direct labor hours as a base, what was the predetermined overhead allocation rate? $6.78 per direct labor hour. $12.00 per direct labor hour. $7.20 per direct labor hour. $5.70 per direct labor hour. $6.37 per direct labor hour. 3.In cost-volume-profit analysis, the unit contribution margin is: Sales price per unit less cost of goods sold per unit. Sales price per unit less unit fixed cost per unit. Sales price per unit less total variable cost per unit. Sales price per unit less unit total cost per unit. The same as the contribution margin ratio. 4. The ending inventory of finished goods has a total cost of $11,600 and consists of 600 units. If the overhead applied to these goods is $3,850, and the overhead rate is 70% of direct labor, how much direct materials cost was incurred in producing these units? $5,005. $2,250. $7,750. $11,600. $5,500.