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Millefeuille Company applies operating overhead to photocopying jobs on the basis of machine hours used. It expects overhead costs to total $290,772 for the year and estimates machine usage at 118,200 hours. For the year, the company incurs $285,500 of overhead costs and uses 118,300 hours. (a) Calculate the service overhead rate for the year. (Round answer to 2 decimal places, e.g. 15.25.) Service overhead rate per machine hour Garnett Printing Corp. uses a job-order cost system. The following data summarize the operations related to the first quarter's production: 1. Materials purchased on account were $192,900, and factory wages incurred were $94,100. 2. Materials requisitioned and factory labour used by job were as follows: Job Number Materials A20 A21 Factory Labour $18,000 24,600 17,500 26,000 8,000 94,100 $33,380 43,370 36,800 41,910 4,450 $159,910 A22 A23 General factory use 3. 4. Manufacturing overhead costs incurred on account were $59,500. Depreciation on machinery and equipment was $15,410. The manufacturing overhead rate is 80% of the direct labour cost. Jobs completed during the quarter were A20, A21, and A23. 5. 6. Prepare entries to record the operations summarized above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. (To record materials purchased) (To record factory wages incurred) 2. (To record materials requisitioned by job) (To record factory labour used by job) 3. 4. 5. 6