Applying Factory Overhead Hatch Company estimates that total factory overhead costs will be $357,000 for the year. Direct labor hours are estimated to be 21,000. a. For Hatch Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. 17 per direct labor hour b. During May, Hatch Company accumulated 570 hours of direct labor costs on Job 200 and 830 hours on Job 30s. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. Feedback c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. If an amount box does not require an entry, leave it blank Work in Process Factory Overhead Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order coot system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $767.200 Shop direct labor 560,000 Shop and repair equipment depreciation 39,500 Shop supervisor salaries 110,000 Shop property taxes 20,000 Shop Supplies 15,300 Advertising expense 15,300 Administrative office salaries 66,000 Administrative office depreciation expense Total costs and expenses $1,601,700 The average shop direct labor rate is $20.00 per hour 8,400 Determine the predetermined shop overhead rate per direct labor hour Round the answer to nearest whole cent. per direct labor hour Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $14,370 Direct materials 116,830 Direct labor 126,020 Factory overhead 66,250 Jobs finished during January are summarized as follows: Job 210 $58,220 Job 224 $67,930 Job 216 35,580 Job 230 122,920 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank. b. Determine the cost of the unfinished jobs at January 31