Applying Factory Overhead Carrothers Company estimates that total factory overhead costs will be $240,000 for the year. Direct labor hours are estimated to be 24,000 . a. For Carrothers Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. \$ per direct labor hour b. During August, Carrothers Company accumulated 610 hours of direct labor costs on Job 50 and 870 hours on Job 56 . Determine the amount of factory overhead applied to Jobs 50 and 56 in August. $ Feedback Check My Work a. Determine the rate by spreading the estimated overhead costs over the allocation base. b. Multiply the job hours by the predetermined factory overhead rate. c. Journalize the entry to apply factory overhead to both jobs in August according to the predetermined overhead rate. If an amount box does not require an entry, leave it blank. At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 500 units, and Job 56 is for 200 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 300 units for Job 50 at $24 per unit and 1,500 units for Job 56 at $24 per unit. During August, Carrothers Company accumulated 400 hours of direct labor costs on Job 50 and 700 hours on Job 56 . The total direct labor was incurred at a rate of $16 per direct labor hour for Job 50 and $18 per direct labor hour for Job 56. The predetermined factory overhead rate is $13.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 50 and 56 at the end of August. Job 50 X Job 56 \& b. Determine the cost per unit for Jobs 50 and 52 at the end of August. If required, round your answers to the nearest cent. Job 50$ Job 56$