6. Acme Manufacturing Company estimates factory overhead as a percentage of machine hours. On 1.1.11, Acme estimates total factory overhead of $400,000 for the year, and estimates 20,000 machine hours will be required during the year. During the year, 10,000 units of product are produced and sold, total factory overhead totaled $410,000 and 21,000 machine hours were used. Prime costs placed into production during the year totaled $500,000.

Question

6.  Acme Manufacturing Company estimates factory overhead as a percentage of machine hours.  On 1.1.11, Acme estimates total factory overhead of $400,000 for the year, and estimates 20,000 machine hours will be required during the year.  During the year, 10,000 units of product are produced and sold, total factory overhead totaled $410,000 and 21,000 machine hours were used.  Prime costs placed into production during the year totaled $500,000.
How much factory overhead was applied per machine hour?                      $__________
In total, how much factory overhead was applied during the year?           $__________
What is the normal cost of the units produced?                                                 $__________
What is the actual cost of the units produced?                                                   $__________