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11. A company's predetermined overhead rate is $10 per direct labor-hour, and its direct labor wage rate is $20 per hour. The following information
11. A company's predetermined overhead rate is $10 per direct labor-hour, and its direct labor wage rate is $20 per hour. The following information pertains to job Z361: Direct materials = $500 Direct labor $300 What would be the total manufacturing cost assigned to this job? Show your calculations. (1 point) 12. Write out the journal entry for each of the following transactions of a company that uses job-order costing: (5 points) Transaction Purchased $5,000 of raw materials on account Requisitioned direct materials of $2,500 and issued them into production Incurred actual overhead costs of $8,000; assume these costs were for utilities and other factory costs Incurred $3,000 of direct labor cost and $1,000 of indirect labor cost; the workers have not yet been paid Applied $4,000 of manufacturing overhead to jobs during the production process Journal Entry
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