ACC 212 Challenge #2 Name JOB ORDER COST ACCOUNTING The facory overhead activity base for this company is based on direct labor costs. For the current year the estimates are as follows 1) Estimated total factory overhead= Estimated total direct labor costs $1,450,000 $ 1,000,000 What is the predetermined factory overhead rate? Prepare the journal entries for the activity of a manufacturing company as presented below Please include explanations, you may omit the dates 2) a. Bought raw materials inventory on account $230,000 Account Titles and Explanation b. Materials requisitioned during the month Job 136 Job 137 Job 138 Total direct materials Indirect materials Total materials used $ 56,000 $ 40,000 $ 72,500 168,500 33,500 202,000 Account Titles and Explanation Debit Credit c. Total dollar amount of time tickets for the month Job 136 Job 137 Job 138 Total direct labor Indirect labor Total factory labor $ 60,000 $ 22,500 33,000 $ 115,500 28,000 S 143,500 Account Titles and Explanation Debit Credit 25