1. Create a job cost sheet for Job 300 2. Estimated annual overhead costs: $122,850; Cost driver identified: Direct labor cost; estimated annual direct labor cost: S117,000; Calculate the pre-determined overhead rate 3. Purchased raw material on account $60,000 4. Incurred $28,000 in factory labor costs, of which S3000 was employer payroll taxes. 5. Actual OH costs were as follows: a. Factory utilities: $2,500 b. Factory rent: S3,000 (prepaid) c. Factory insurance: S1650 (prepaid) d. Repairs: $800 (charge to accounts payable) e. Depreciation: S1,200 6. Requisitioned $25,000 of material; S21,000 was for Job 300 and the remainder was indirect material 7. Assigned S28,000 in factory labor costs; $20,000 was for Job 300; remainder was indirect labor 8. Calculate the amount of overhead to apply if total direct labor cost for the period equals $20,000 (journalize the transaction) 9. Calculate the cost of job 300 (which has been completed) 10.Transfer iob 300 to finished goods 11.Job 300 was sold on account for $71,000 12.Calculate over or under applied overhead; prepare adjusting entry Direct Materials Direct Labor Man. Overhead Total Job Cost