Bertrand Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labour costs on January 1, 2020. Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,600, direct labour $15,000, and manufacturing overhead $20,600. As of January 1, Job No. 49 had been completed at cost of $120,200 and was part of finished goods inventory. There was a $25,400 balance in the Raw Material Inventory account. During the month of January, Bertrand Manufacturing began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were sold on account during the month for $152.000 and $198.500, respectively. The following additional events occurred during the month 1. Bertrand purchased additional raw materials of $110,000 on account 2. It incurred factory labour costs of $75,900 of this amount, $18,100 related to employer payroll taxes 3. It incurred manufacturing overhead costs as follows: indirect materials 116,100, indirect labour 117,406, depreciation expense $34,100, and various comer manufacturing overhead costs on 4. It assigned direct materials and direct labour to jobs as follows Direct Direct Job No. Material Labour 50 512,700 $2,100 49,600 20,100 35,500 22.300 Prepare the journal entries to record the assignment of direct materials, direct labour, and manufacturing overhead costs to production. In assigning manufacturing overed coststhe overad rate calculated in part (a). (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record direct materials assigned to jobs 50, 51 and 52) (To record direct labour assigned to jobs 50, 51 and 52) (To record manufacturing overhead assigned to jobs 0,51 and 52) Your answer is correct. Calculate the predetermined overhead rate for 2020, assuming Bertrand Manufacturing estimates total manufacturing overhead costs of $1,530,214, direct labour costs of $753,800, and direct labour hours of 20,700 for the year Overhead rate 203 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TENT LINK TO TENT LINK TO TEXT LINK TO TEXT LINE TO TEXT Attempts i of used (b) Your answer is correct. Enter the January 1 balances on the job cost sheet for No. 50 Job Cest Sheets Job No. 50 Direct Date Materials Direct Labour Manufacturing Overhead 70600 Beg 30000 15000 SHOW LIST OF ACCOUNT LINK TO TEXT LITO TEXT LINK TO TOT LYG TERT LINK TO TEXT Attempts 1 of 3 used Study Your answer is partially correct. Try again Prepare the journal entries to record the purchase of raw materia, the factory abour costs incurred, and the manufacturing the costs incurred during the month of January (Cet account cities are automatically indented when the amount is entered. Do not dent manually) No. Account hues and Explanation Dahil Crede Raw Materials inventar 3 110000 1. 110000 2 Factory Labour 75900 Factory Wages Payable 500 Emelyer Payroll the 1 100 3 Manting Overted 198500 Acum pection 14100 Custofa