At the beginning of the year, the controller prepared the following budget: MOH $ 290,000 DL Costs 145,000 Labor Rate 32 During September, Nerdzy worked on several different custom computer jobs with records in the table below: Job Records for September Job 248 Job 249 Job 250 Job 251 Job 252 DL Hours 290 122 100 99 250 DM $ 24,843 $ 2,548 $ 4,831 $ 2,155 $ 18,435 Completed in Q1 Yes Yes No No Yes Quoted Sales Price 79654 21654 18946 10542 62467 Sale Type Credit Cash Nerdzy also provided the additional information below for you to reference Additional Information Plant Janitorial wages $ 14,052 Sales Salaries Expense 32,650 Delivery Expense 1,570 Utilities for Plant paid immediately 10,246 Rent on Plant paid immediately 13,580 - Customer Service Hotline Costs 654 Plant Supervisor Wages 5,043 - Plant Insurance Previously Paid 2,436 3 Plant Prop Taxes incurred (not paid) 3,457 Indirect Materials used during month 8,743 RM Purchased 124,648 1 RM Beg Bal 12,546 2 3 Requirements 4 1. Compute Nerdzy Computer Company's predetermined OH allocation rate for this year. 5 6 2. Compute the total cost for each job. 7 8 3. Prepare Journal Entries for all of the jobs that were worked on in Q1 including costs associated -9 with the jobs, accumulation of overhead, allocation of overhead, completion of jobs, sales -0 transactions & adjusting overhead (pay attention to the transaction descriptions to help guide 11 which journal entry you are completing) Req1 Compute Nerdzy Computer Company's predetermined OH allocation rate for this year. Predetermined OH Rate Reg 2 Compute the total cost for each job. Job 248 Job 249 Job 250 Job 251 Job 252 DM Costs DL Costs MOH Total Cost Req3 Prepare Journal Entries for all of the jobs that were worked on in Q1 Purchased raw materials on account Transferred direct and indirect materials to production. Assigned fabor to monthly production Paid plant utilities Poid rent on plant To record insurance expense To accrue taxes. Allocated overhead to jobs in progress 11 Transferred Completed jobs to finished goods inventory To record sale of Job 248 (Hint: record sales transaction first and then inventory transaction next) To record sale of Job 252 Adjusted Manufacturing Overhead