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ainbow Glass Company produces Custom stained glass windows for high end clients. Rainbow uses a ormal job costing system with 2 direct cost categories (direct
ainbow Glass Company produces Custom stained glass windows for high end clients. Rainbow uses a ormal job costing system with 2 direct cost categories (direct labor and direct materials) and one manufacturing overhead category. Rainbow applies overhead to jobs based upon direct labor hours. Rainbow begins 3 Jobs in January, but does not complete any of them. Data for the company for January 2018 appear below: Actual Overhead Incurred in Jan Budgeted Overhead for Jan Over or Under Applied Overhead as of 1/31/2018 36,000 31,000 2,450 Dr V Beginning Work In Process Control, 1/1/2018 Ending Work In Process Control, 1/31/2018 $0 75,450 $ Required; Calculate the 5 missing items below. 4 pts each. Job 1 Direct Labor D. Material Overhead Total $ 7,500 $ 8,200 O 10 $33,300 320 Job 2 Direct Labord assuX D. Material $ 10,700 Overhead $ 11,000 Total $ 24,as D Labor Hours D Labor Hours 200 Job 3 Direct Labor D. Material Overhead Total X $ 2,000 $ 8,500 b 400 $ 17900 C335,4545 D Labor Hours What is the Balance in Manufacturing Overhead Control? 28.540
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