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Oriole Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1,2022, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 30,100, direct labour $ 15,100, and manufacturing overhead $ 21,000. As at January 1, Job No.49 had been completed at a cost of $ 120,600 and was part of finished goods inventory. There was a $ 25,000 balance in the Raw Materials Inventory account on January 1. During the month of January, Oriole Manufacturing began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were sold on account during the month for $152.700 and $198.300, respectively. The following additional events occurred during the month: 1. Oriole purchased additional raw materials of $ 109,000 on account. 2. It incurred factory labour costs of $ 76,000. 3. It incurred manufacturing overhead costs as follows: depreciation on equipment $ 14.500. and various other manufacturing overhead costs on account $ 22.300. 4. It assigned direct materials and direct labour to jobs as follows: Direct Materials Direct Labour Job No. 50 $ 12,800 $7,000 51 42.200 28,300 52 35,500 22,100 5. It assigned indirect materials of $ 17,300 and indirect labour of $ 18,000. X Your answer is incorrect. Calculate the predetermined overhead rate for 2022, assuming Oriole Manufacturing estimates total manufacturing overhead costs of $ 1.580.000. direct labour costs of $ 754.700, and direct labour hours of 20,100 for the year. (Round answer to 2 decimal places, eg. 21.11.) 209. % Overhead rate e Textbook and Media List of Accounts Attempts: 3 of 3 used Your answer is correct. Enter the January 1 balances on the job cost sheet for Job No. 50. Job Cost Sheets Job No. 50 Direct Materials Direct Labour Manufacturing Overhead Date 15.100 21,000 Beg. $ 30,100 Prepare the journal entries to record the purchase of raw materials, the factory labour costs incurred, and the manufacturing overhead costs incurred during the month of January. (List all deblt entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation 1. 1 2. 3. 5