Answer d1

Wildhorse Company uses a job order cost system and applies overhead to pr On January 1, 2020, Job 50 wasthe only ob in process. The costs incurred prior to January i on this ob were as follows: direct materials $24,400, direct labor $14,640, and manufacturing overhead $19,520. As of January 1, Job had been completed at a cost of $109,800 and was part of finished goods inventory. There was a $18,300 bal the Raw Materials Inventory account oduction on the basis of direct labor costs. ng the month of January, Wildhorse Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $148,840 and $192,760, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $109,800 on account. 2. Incurred factory labor costs of $85,400. of this amou 3. Incurred manufacturing overhead costs as nt $19,520 related to employer payroll taxes. follows: indirect materials $20,740; indirect.labor $24,400; depreciation expense on equipment $14,640; and various other manufacturing overhead costs on account $19,520. 4. Assigned direct materials and direct labor to jobs as follows. Job No. Direct Materials Direct Labor 50 51 52 $12,200 47,580 36,600 $6,100 30,500 24,400 Your answer is correct. Calculate the predetermined overhead rate for 2020, assuming Wildhorse Company estimates total manufacturing overhead costs of $1,024,800, direct labor costs of $854,000, and direct labor hours of 24,400 for the year. Predetermined overhead rate lu2a% Attempts: 1 of 3 used