#2 i forgot how to calculate C

of direct labor and the allocation of manufacturine overhead to Job 423. Wages are not yet paid. 1. Journalize completion of the job and the sale of the 5.200 DVDs on account Learning Objectives 2.3 Bal5284,000 .30A Accounting for transactions, construction company Sunset Construction, Inc. is a home builder in Arizona Sunset uses a job order costing system in which each house is a job. Because it constructs houses, the company uses an account titled Construction Overhead. The company applies overhead based an estimated direct labor costs. For the year, it estimated construction overhead of $1,250,000 and total direct labor cost of $2,500,000. The following events occurred during August: V a. Purchased materials on account, $440,000. b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned. 22, Item b to Direct Materials Direct Labor MOH House 402 $ 56,000 5 41,000 20,500 House 403 65,000 35,000 CHouse 404 62,000 57,000 28,5oo House 405 84,000 55,000 207.000 188,000 c. The company incurred total wages of $210,000. Use the data from Item b to assign the wages. Wages are not yet paid. d. Depreciation of construction equipment, $6,800. e. Other overhead costs incurred: Equipment rentals paid in cash, $34,000; Worker liability insurance expired, $6,000. f. Allocated overhead to jobs. g. Houses completed: 402, 404. h. House sold on account: 404 for $220,000. Requirements 1. Calculate Sunset's predetermined overhead allocation rate for the year. 2. Prepare journal entries to record the events in the general journal