1.Calculate the predetermined overhead rate.

2.Complete the job cost sheets provided below: I posted it in the photo. My main question for this one is how do I find the applied overhead?

3.Determine the ending Work-In-Process Inventory at the end of September and provide the number of the Jobs still in Work-in-Process at the end of September.

4.Determine the Cost of Goods Sold for September and provide the number of the Jobs in Cost of Goods Sold for September.

5.Make a statement of cost of goods manufactured for September below.Use Manufacturing Overhead applied in your statement.

6.Make a Income Statement for September below.The company does not close the over or underapplied overhead until the end of the year, so no adjustment is needed to Cost of Goods Sold.

7.Determine the underapplied or overapplied manufacturing for September.You need to provide numeric detail of the analysis of under or overapplied overhead.You must label under or overapplied.

File Tools View Doc6 - Saved - X Grass Mower Company manufacturers a variety of gasoline-powered mowers for discount hardware and department stores. The company uses a job cost system and treats each customer's order as a separate job. The primary mower components (motors, chassis, and wheels) are purchased from three different suppliers under long-term contracts that call for the direct delivery of raw materials to the production floor as needed. When a customer's order is received, a raw m ase order is electronically placed with suppliers. The purchase order specifies the scheduled date that production is to begin and the scheduled date production is to be completed. As a consequence, there are no raw materials inventories; raw materials are charged directly to Work-in-process upon receipt. Upon completion goods are shipped directly to customers rather than transferred to finished goods inventory. At the beginning of September the company had the following jobs in work-in-process inventories: Job 1 $17,000 Job 2 12,000 Job 3 10,000 Total $39,000 3. Determine the ending Work-In-Process Inventory at the end of September and provide the number of the Jobs still in Work-in-Process at the end of September. During September, the following activities took place: 1. Started jobs 4, 5,6, and 7. Ordered and received the following raw materials for specified jobs: Motors Chassis Wheels Total Job $800 $800 Job 3 4. Determine the Cost of Goods Sold for September and provide the number of the Jobs in Cost of Goods Sold for September. Job 4 ,500 2,000 3,500 Job 5 900 1,500 1,000 3.400 Job 6 8 000 3,500 0 11.500 Job 7 7 500 3,800 11,300 5. Prepare a statement of cost of goods manufactured for September below. Use Manufacturing Overhead applied in your statement. Total $30,500 I have provided a variation of the Statement of COGM from the textbook, since the company does not have beginning or ending Materials. 3. Incurred September manufacturing payroll: Grass Mower Company Direct Labor statement of Cost of Goods Manufactured Job 1 For Month ending September 30, 2020 Job 2 $400 Job 3 3,000 2.900 Current manufacturing costs: Job 4 1.400 Cost of material placed in production Job 5 1.500 Direct Labor Manufacturing overhead Applied Job 6 2,500 Work-in-process September 1, 2020 Job 7 2.000 osts in process Total Direct Labor 3.700 Work-in-process September 30, 2020 Cost of goods manufactured Indirect Labor 3,500 5. Prepare an Income Statement for September below. The company does not close the over or underapplied overhead until the end of the year, so no adjustment is needed to Cost of Goods Sold. have provided a variation of the Income Statement from the textbook since the company does not have beginning or ending Finished Goods. 4. Incurred additional manufacturing overhead costs for September: Manufacturing supplies purchased and used 2,500 Grass Mower Company Depreciation on factory fixed assets 2,200 Income Statement For Month ending September 30, 2020 Factory utilities 2.800 Sales 5. Applied manufacturing overhead using a predetermined rate based on predicted annual overhead Cost of goods sold and predicted annual direct labor cost as follows: Gross Profit Predicted Annual Overhead $184,24 Selling and Administrative expenses Net income Predicted Annual Direct Labor cost $196,000 7. Determine the underapplied or overapplied manufacturing for September. You need to provide numeric detail of the analysis of under or overapplied overhead. You must label under or overapplied. 6. Completed and shipped jobs 2 and 5. The following is what was charged to these customers: Job 2 25.000 Job 5 10,000 Total 35,000 7. Selling and Administrative costs incurred in September are the following $3,600 Required You need to use cell references to provide answers and calculations. End of document . Calculate the predetermined overhead rate 0.94 2. Complete the job cost sheets provided below: Job 1 Job 3 Beginning Balance $17,000 Job 2 12,000 10,000 Job 4 Job 5 Job 6 Job 7 Current costs: Direct materials $800 3,500 3,400 1,500 11,300 Direct Labor $400 3,000 2,900 1,40 1. 500 2,500 2,000 Applied overhead Total Screens 1-2 of 2 " Focus + 140% W X 7:33 PM 10/17/2020