At the beginning of the year, Glaser Company estimated the following: Assembly Department Testing Department Total
Overhead $338,000 $630,000 $968,000
Direct labor hours 130,000 40,000 170,000
Machine hours 45,000 120,000 165,000

Glaser uses departmental overhead rates. In the assembly department, overhead is applied on the basis of direct labor hours. In the testing department, overhead is applied on the basis of machine hours. Actual data for the month of March are as follows:

Assembly Department Testing Department Total
Overhead $29,850 $58,000 $87,850
Direct labor hours 11,700    3,450 15,150
Machine hours   4,100 10,900 15,000

Required:
a. Calculate the predetermined overhead rates for the assembly and testing departments.
b. Calculate the overhead applied to production in each department for the month of March.
c. By how much has each departmentâs overhead been overapplied? Underapplied?

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate.the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received.c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.