An advertising agency is estimating costs for advertising a music festival. The job will require 390 direct labor hours at a cost of $88 per hour. Overhead costs are applied at a rate of $84 per direct labor hour. What is the total estimated cost for this job? JOB COST SHEET Hours Rate Estimated Cost Materials $ 0.00 Total estimated costPrepare journal entries to record the following production activities. 1. Purchased $60,000 of raw materials on credit. 2. Used $21,000 of direct materials in the Roasting department. 3. Used $20,500 of indirect materials in production. View transaction list Journal entry worksheet