Menotti Company is a job-order costing firm that uses activity-based costing to apply overhead to jobs. Menotti identified three overhead activities and related drivers. Budgeted information for the year is as follows:

Menotti worked on five jobs in July. Data are as follows:

By July 31, Jobs 50 and 52 were completed and sold. The remaining jobs were in process.

Required:
1. Calculate the activity rates for each of the three overhead activities.
2. Prepare job-order cost sheets for each job showing all costs through July 31.
3. Calculate the balance in Work in Process on July 31.
4. Calculate cost of goods sold forJuly.

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Activity Cost Driper Amount of Driver Engincering design Purchasing Other overhead $120,000 80,000 250,000 Engineering hours Number of parts Direct labor hours 3,000 10,000 40,000 Job 50 Job 51 Job 52 Job 53 S0 Job 54 Balance, July 1 Direct materials Direct labor Engineering hours Number of parts Direct labor hours S32,450 S40,770 $29,090 S26,000 $37,900 $25,350 $11,000 $13,560 S40,000 $38,500 43,000 $20,900 $18,000 200 300 1,200 1,100 20 150 2,500 10 180 2,400 15 200 2,600 100 500