1. Bonita Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $216,000. Estimated machine usage is 2,500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours.

(a1)

Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 5.25.)

Predetermined overhead rate

$enter the predetermined overhead rate in dollars rounded to 2 decimal places

2. Whispering Winds Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2022, accounting records for Whispering Winds Inc. contain the following data.

Raw Materials Inventory		$4,100		Manufacturing Overhead Applied		$33,800
Work in Process Inventory		5,675		Manufacturing Overhead Incurred		28,600

Subsidiary data for Work in Process Inventory on June 1 are as follows.

Job Cost Sheets
		Customer Job
Cost Element		Rodgers		Stevens		Linton
Direct materials		$600		$900		$800
Direct labor		200		600		700
Manufacturing overhead		250		750		875
		$1,050		$2,250		$2,375

During June, raw materials purchased on account were $4,700, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $800 and miscellaneous costs of $300 incurred on account. A summary of materials requisition slips and time tickets for June shows the following.

Customer Job		Materials Requisition Slips				Time Tickets
Rodgers			$900				$800
Koss			1,800				800
Stevens			400				400
Linton			1,300				1,300
Rodgers			300				400
			4,700				3,700
General use			1,400				1,400
			$6,100				$5,100

Overhead was charged to jobs at the rate of $1.25 per dollar of direct labor cost. The patios for customers Rodgers, Stevens, and Linton were completed during June and sold. Each customer paid in full.

(a) Record the June transactions: (1) for purchase of raw materials, factory labor costs incurred, and manufacturing overhead costs incurred; (2) assignment of direct materials, labor, and overhead to production; and (3) completion of jobs and sale of goods. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.)