1.

Carta Vista Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2022. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $23,600, direct labor $14,160, and manufacturing overhead 518,880. As of January 1, Job 49 had been completed at a cost of $106,200 and was part of finished goods inventory. There was a $17,700 balance in the Raw Materials Inventory account on January 1 During the month of January, Carla Vista Company 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 $143,960 and $186,440, respectively. The following additional events occurred during the month 1. 2 3. Purchased additional raw materials of $106,200 on account Incurred factory labor costs of $82,600. Incurred manufacturing overhead costs as follows:depreciation expense on equipment $14.160; and various other manufacturing overhead costs on account $18,880, Assigned direct materials and direct labor to jobs as to Lows. 4 Job No. Direct Labor Direct Materials $11,800 50 $5.900 51 46,020 29,500 52 35,400 23.600 Assigned indirect materials of $20,060 and indirect labor of $23,600, (a) Your answer has been saved. See score details after the due date Calculate the predetermined overhead rate for 2022 assuming Carla Vista Company estimates total manufacturing overhead costs of $991,200, direct labor costs of $826,000, and direct labor hours of 23,600 for the year Predetermined overhead rate 12 e Textbook and Media Prepare the surnal entri to record (1) the purchase of raw materials, the factory laber costs incurred and the manufacturing overhead costs incurred during the month of anys al die res before and entries Ondit account are automatically indented when amounts entered Do not indent morts No. Account Titles and Explanation Debit Credit (1) 1062 del Ple 1000 2 Factory WP (3) Mantra Acumulated Depreciation Maracturing red eTextbook and Media List of Accounts Astance Used Atmofed (81) Prepare the journal entries to record the gentot (1) raw material factory laborand manufacturing and costs to production in signing manufacturing overhead costs, the overhead rate calculated in all ittentries before mtries. Oudit control Indented when amount is entered. Derende) No Account Titles and Explanation Debit Credit (1) (2) 03 Textbook and Media List of Accounts