1st question

2nd question (3 parts)

requisitions are identified by code numbers starting with the letter Q, and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Date 7/1/2017 7/1/2017 7/5/2017 7/5/2017 7/10/2017 Document Q-4698 W-3393 Q-4725 W-3479 W-3559 Amount $1,250 600 1,000 450 300 Determine the total cost on the job cost sheet for Job 9-1005. JOB COST SHEET: Job 9.1005 Direct Materials Direct Labor Requisition No. Amount Time-Ticket No. Amount Total Cost Date Overhead Costs Applied 07/01/2017 07/05/2017 07/10/2017 Chi in December 2016. Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following cost predictions overhead costs, S520,000, and direct materials costs $400,000. At year-end 2017, the company's records show that actual overhead costs for the year are $648,000. Actual direct material cost had been assigned to jobs as follows. Jobs completed and sold Jobs in Finished goods inventory Jobs in work in process inventory Total actual direct materials cost $360,000 79,000 52,000 5491,000 Book 1. Determine the predetermined overhead rate for 2017 283. Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied 4. Prepare the adjusting entry to allocate any over- or underapplied overhead to cost of Goods Sold. Complete this question by entering your answers in the tabs below. Real Reg 2 and Reg 4 Determine the predetermined overhead rate for 2017 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 Determine the predetermined overhead rate for 2017. Overhead Rate Choose Denominator: Choose Numerator: Overhead Rate Overhead rate 11 11 Req 2 and 3 > Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Reg 4 OOK Enter the overhead costs incurred and the amounts applied during the year using the predetermined overhead rate and determine whether overhead is overapplied or underapplied. int Tint Factory Overhead rences View transaction list Journal entry worksheet