BE2.6 (LO 3), AP Marquis Company estimates that annual manufacturing overhead costs will be $900,000. Estimated annual operating activity bases are direct labor cost $500,000, direct labor hours 50,000, and machine hours 100,000. Compute the predetermined overhead rate for each activity base.	Compute predetermined overhead rates.
BE2.7 (LO 3), AP During the first quarter, Francum Company incurs the following direct labor costs: January $40,000, February $30,000, and March $50,000. For each month, prepare the entry to assign overhead to production using a predetermined rate of 70% of direct labor cost (date journal entries as of the end of the month).	Assign manufacturing overhead to production.
BE2.8 (LO 4), AP In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $20,000 and Job 11 $30,000. On March 31, Job 10 is sold to the customer for $35,000 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10 (date journal entries as of the end of the month).	Prepare entries for completion and sale of completed jobs.
BE2.9 (LO 4), AP Ruiz Engineering Contractors incurred employee payroll costs of $36,000 ($28,000 direct and $8,000 indirect) on an engineering project. The company applies overhead at a rate of 25% of direct labor cost. Record the entries to assign payroll liabilities and to apply overhead. Assume journal entries are made at the end of the month.	Prepare entries for payroll liabilities and operating overhead.
BE2.10 (LO 5), AP At December 31, balances in Manufacturing Overhead areShimeca Company-debit $1,200, Garcia Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.	Prepare adjusting entries for under and overapplied overhead