1. Carrothers Company had the following transactions for the month of August. Aug 1 Carrothers purchased on account 31,000 units of materials at $16 per unit. Aug 4 Carrothers requisitioned raw materials for production as follows: 7,900 units for Job 50 at $11 per unit and 6,100 units for Job 56 at $16 per unit. Aug 31 Carrothers accumulated 4,300 hours of direct labor costs on Job 50 and 5,100 hours on Job 56. The total direct labor was incurred at a rate of $21.00 per direct labor hour for Job 50 and $18.50 per direct labor hour for Job 56. Aug 31 Carrothers incurred factory overhead costs as follows: indirect materials, $16,400; indirect labor, $21,300; utilities cost, $8,900; and factory depreciation, $17,100. a. Journalize each transaction. Explanations are not required. Date Descriptions Debit Credit -11 poco 1.2 Tint b. Carrothers Company estimates that total factory overhead costs will be $960,000 for the year. Direct labor hours are estimated to be 80,000. (a) Calculate the predetermined factory overhead rate using direct labor hours as the activity base. (b) Determine the amount of factory overhead applied to Jobs 50 and 56 in August using the direct labor hours from August 31. (c) Journalize the entry to apply factory overhead to both jobs on August 31 according to the predetermined overhead rate. Date Descriptions Debit Credit c. At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 1,000 units and Job 56 is for 500 units. Using the information from above, determine (a) The total cost of Job 50. (b) The cost per unit for Job 50. (c) The total cost of Job 56. (d) The cost per unit for Job 56