Based on the information provided and the answers to numbers #1 & #2, answer questions #3-#5. Must show your work and calculations.

Based on the information provided and the answers to numbers #1 & #2, answer questions #3-#5. Must show your work and calculations.

Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs. 1. The company uses direct labor hours as the cost driver for manufacturing overhead application. The company estimated the following manufacturing overhead costs for the yea $787,500 The company estimated the following usage of direct-labor hours for the year 225,000 2. Beginning Work-in-process, March 1 (Job 57) $80,000 3. Beginning Finished Goods, March 1 (Job 55) $150,000 2. Labor Information for March: Direct-labor hours: Job 57 Job 58 Job 59 Labor costs in factory: Direct-labor wages Indirect-labor wages Supervisory salaries 7,000 8,000 5,000 $420,000 $25,000 $30,000 $20,000 $220,000 3. Material Information for March: Raw Materials, Inventory, March 1 Purchase or raw material Direct materials requisitioned: Job 57 Job 58 Job 59 $80,000 $75,000 $51,000 4. Other costs incurred in March: Factory Utilities Sales offices Utilities Administrative offices Utilities Factory equipment repair and maintenance costs Depreciation on factory equipment Manufacturing supplies purchased and used $7,000 $4,000 $3,000 $6,000 $2,000 $5,000 5. During March the following jobs were completed: Job 57 Job 59 6. During March the following jobs were sold for the following amounts: Job 55 Job 59 $200,000 $250,000 Required: You need to use cell references to provide answers and calculations. There are 9 questions in Part 1. 1. Develop the predetermined overhead rate. $3.50 Estimated Manufacturing Cost/ Estimated Direct Labor Hours 2. Complete the job cost sheets provided below for the month of March: $21 Labor Hourly Rate Per Direct Labor Hour Job 57 Job 58 Job 59 $80,000 Beginning Balance Current costs: Direct materials Direct Labor Applied overhead Total $80,000 $147,000 $24,500 $331,500 $75,000 51,000 168,000 105,000 Hint: You need to calculate the hourly rate and then compute direct labor cost per job. $28,000 $17,500 $271,000 $173,500 3. Determine the ending Work-In-Process Inventory at the end of March and provide the Job number of the job(s) still in Work-in-Process at the end of March and the determine total cost of ending work in process for March. 4. Determine the ending Finished Goods for March and provide the Job number(s) of the job(s) in Finished Goods at the end of March and determine the total cost of ending finished goods for March. 5. Determine the Cost of Goods Sold for March and provide the Job number of the Job(s) in Cost of Goods Sold for March and determine the total cost of goods sold for March