A company incurred the following manufacturing costs this period: dirct labor. $468.000 direct materi- as 15-6 Factory overhead rates als, $390,000: and factory overhcad, $117,000. Compute its overhcad cont as a percent of () direct laber P3 and (2) direct materials. Express your answers as percents, rounded to the nearest whole number aS 15-7 Factory overhead journal entries P3 During the current month, a company that uses job order costing incurred a monthly factory payroll of $175,000. Of this amount, $44,000 is classified as indirect labor and the remainder as direct lahor for the production of Job 65A Factory overhead is applied at 90% of direct labor. Prepare the journal entry to apply factory overhead to this job. At the beginning of a year, a company predicts total direct materials costs of $900,000 and total overhead costs of $1,170,000. If the company uses direct materials costs as its activity hase to allocate overhead what is the predetermined overhead rate it should use during the year? aS 15-8 overhead rate P3 QS 15-9 Entry for over or underapplied overhead P4 A company's Factory Overhead T-account shows total debits of $624,000 and total credits of $646.000 af the end of the year. Prepare the journal entry to close the balance in the Factory Overhead account to Cost oGoods Sold. A company allocates overhead at a rate of 10% of direct labor cost. Actual overhead cost for the current period is $950,000, and diroct lahor cost is $600.000. Prepare the jourmnal entry to close over- or underap- as 15-10 Entry for over- or underapplied overhead plied overhead to Cost of Goods Sold P4