The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. the predetermined overhead rate in the molding department is based on machine-hours, and the rate in the painting department is based on direct labor-hours. at the beginning of the year, the company provided the following estimates:
department
molding painting
direct labor-hours 12,000 60,000
machine-hours 70,000 8,000
fixed manufacturing overhead cost $ 497,000 $ 615,000
variable manufacturing overhead per machine-hour $ 1.50 -
variable manufacturing overhead per direct labor-hour - $ 2.00
job 205 was started on august 1 and completed on august 10. the company's cost records show the following information concerning the job:
department
molding painting
direct labor-hours 30 84
machine-hours 110 20
direct materials $ 770 $ 1,332
direct labor cost $ 525 $ 1,470
required:
(1) compute the predetermined overhead rates used in the molding department and the painting department.
(2) compute the total overhead cost applied to job 205.

Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?