B. Matriarch Incorporated uses a job-order machine hours. At the beginning of the year, the company estimated costing system and a predetermined overhead rate based on manufacturing overhead for the year would be $240,000 and machine hours would be 8,000. The following information pertains to November of the current year Job 10 Job 11 Job 12 Total Work-in-process, Nov. 1 $16,000 $26,000 $38,000 80000 November production activity: Materials requisitioned $ 4,000 $4,800 $ 7.200 $16.000 Direct labor cost S 2,400 $3,600 $4,000 $10,000 2,000 Machine hours 400 700 900 120 180 200 500 Labor hours Actual manufacturing overhead cost incurred in November was $61,000 Required: a. Compute the predetermined overhead application rate. b. Determine the total cost associated with each job. c. If jobs 10 and 12 were completed, prepared the journal entry to move the cost. d. If job 10 was delivered to customers that paid $50,000 cash, prepare the journal entries. What is the gross profit for job 10? e. Assuming no beginning work in process, what is the cost assigned to ending work in process? f. Assuming no beginning finished goods what is the cost assigned to ending finished goods? g. How much was overhead over/underapplied? C. D