Brighton Services repairs locomotive engines. It employs 100 full-time workers at $17 per hour. Despite operating at capacity, last year's performance was a great disappointment to the managers. In total, 10 jobs were accepted and completed, incurring the following total costs. Direct materials Direct labor Manufacturing over hend $1,054,400 4,760,000 1,120,000 of the $1,120,000 manufacturing overhead, 35 percent was variable overhead and 65 percent was fixed. This year, Brighton Services expects to operate at the same activity level as last year, and overhead costs and the wage rate are not expected to change. For the first quarter of this year, Brighton Services completed two jobs and was beginning the third (Job 103). The costs incurred follow. Direct Materials $ 139, 100 112,000 95,900 Job 101 102 103 Total manufacturing overhead Total marketing and administrative costs ces Direct Labor $505,000 314,700 196,000 273,100 129,000 You are a consultant associated with Lodi Consultants, which Brighton Services has asked for help. Lodi's senior poner has examined Brighton Services's accounts and has decided to divide actual factory overhead by job into fixed and variable portions as follows. Petual Manufacturing over head Fixed $ 105,900 90,100 101 102 103 Variable $ 31,800 29.400 6,500 $ 67,700 $ 205,400 In the first quarter of this year, 30 percent of marketing and administrative cost was variable and 70 percent was fixed. You are told that Jobs 101 and 102 were sold for $875,000 and $588,000, respectively. All over or underapplied overhead for the quarter is written off to Cost of Goods Sold Required: a. Present in T-accounts the actual manufacturing cost flows for the three jobs in the first quarter of this year. b. Using last year's overhead costs and direct labor-hours as this year's estimate, calculate predetermined overhead rates per direct labor-hour for variable and fixed overhead. c. Present in T-accounts the normal manufacturing cost flows for the three jobs in the first quarter of this year. Use the overhead rates derived in requirement (b). d. Calculate operating profit (loss) for the first quarter of this year under actual and normal costing systems. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Present in T-accounts the actual manufacturing cost flows for the three jobs in the first quarter of this year. Materials Inventory Wages Payable Beg Bal Beg Bal 101: DM 102: DM 103: DM End, Bal End. Bal Variable Manufacturing Overhead Fixed Manufacturing Overhead End. Bal End. Ball Work-In-Process Inventory Finished Goods Inventory Beg. Bal Beg Bal #6 - Chapter 7 6 Saved Help Save & Exit Submit Check my work a. Present in T-accounts the actual manufacturing cost flows for the three jobs in the first quarter of this year. b. Using last year's overhead costs and direct labor-hours as this year's estimate, calculate predetermined overhead rates per direct labor-hour for variable and fixed overhead. c. Present in T-accounts the normal manufacturing cost flows for the three jobs in the first quarter of this year. Use the overhead rates derived in requirement (6) d. Calculate operating profit (loss) for the first quarter of this year under actual and normal costing systems. Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Present in T-accounts the normal manufacturing cost flows for the three jobs in the first quarter of this year. Use the overhead rates derived in requirement (b). (Do not calculations and found your final answers to nearest whole dollar amounts.) Materials Inventory Beg Bal Wages Payable Beg Bal End. Bal End. Bal Variable Manufacturing Overhead Fixed Manufacturing Overhead End. Bal Endal Work in Process Inventory Beg Bal Finished Goods Inventory Beg Bal