Brief Exercise 15A-04 During January, its first month of operations, Vaughn Company accumulated the following manufacturing costs: raw materials purchased $4,900 on account, factory labor $6,100, and utilities payable $3,000. In January, requisitions of raw materials for production are as follows: Job 1 $990, Job 2 $1,500, Job 3 $790, and general factory use $670. During January, time tickets show that the factory labor of $6,100 was used as follows: Job 1 $2,360, Job 2 $1,730, Job 3 $1,690, and general factory use $320. Record factory labor used. (Post material transactions to beginning balances. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Work in Process Inventory Beginning balance $ $ Direct labor Indirect labor Ending balance Click if you would like to Show Work for this question: Open Show Work Brief Exercise 15-06 Marigold Company estimates that annual manufacturing overhead costs will be $865,920. Estimated annual operating activity bases are direct labor cost $492,000, direct labor hours 49,200, and machine hours 98,400. Compute the predetermined overhead rate for each activity base. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Overhead rate per direct labor cost % Overhead rate per direct labor hour $ Overhead rate per machine hour Click if you would like to Show Work for this question: Open Show Work