(c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs incurred during the month of January. Record the assignment of direct materials, direct labor, and manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). Post all costs to the job cost sheets as necessary. Total the job cost sheets for any job(s) completed during the month. Record the completion of any job(s) during the month. Record the sale of any job(s) during the month. (e) (f) Raw Materials Inventory Manufacturing Costs Factory Labor Manufacturing Overhead (c) Purchase raw materials Incurred factory labor AC Dr Factory depreciation Other overhead costs Indirect materials Q ACC Drop Indirect labor (d) Direct materials Que Acco Drop Direct labor Assigned overhead Ques Accoun Dropdo (e) Jobs completed () Jobs sold Quest Accounti Questi Accountin Dropdown land Media ACC Dro Que Acco Drop 4 Bonita Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1. 2020, Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $ 21.200 direct labor $ 12,720, and manufacturing overhead $ 16,960. As of January 1, Job 49 had been completed at a cost of $ 95,400 and was part of finished goods inventory. There was a $ 15,900 balance in the Raw Materials Inventory account. During the month of January, Bonita Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were sold during the month. The following additional events occurred during the month. Purchased additional raw materials of $ 95,400 on account. Incurred factory labor costs of $ 74,200. 3. Incurred manufacturing overhead costs as follows: indirect materials $ 18,020 indirect labor $ 21.200 depreciation expense on equipment $12.720; and various other manufacturing overhead costs on account $ 16,960. 4. Assigned direct materials and direct labor to jobs as follows. Que: Accour Dropde 1. 2 Quest Account Dropdovi Questid Accounting Dropdown Job No. 50 51 52 Direct Materials $ 10,600 41.340 31.800 Direct Labor $5.300 26,500 21.200 Questior Accounting Question Your answer is correct Calculate the predetermined overhead rate for 2020, assuming Bonita Company estimates total manufacturing overhead costs of $ 890,400, direct labor costs of $ 742,000, and direct labor hours of 21.200 for the year. (Round answer to the nearest whole percent, e.g. 25%.) 120 % Predetermined overhead rate e Textbook and Media Attempts: 2 of 3 used LUJUU Job No. 50 Date Direct Materials Direct Labor Beg $ 21200 $ Manufacturing Overhead $ 16960 12720 Jan. 10600 5300 6360 $ 31800 $ 18020 $ 23320 028 Cost of completed job Direct materials $ 31800 Qu Acco Drop Direct labor 18020 Manufacturing overhead 23320 Que Accour Total cost $ 73140 Quest Account Dropdowe Job No. 51 Date Direct Materials Qu Acer Drog Direct Labor Jan. $ 41340 $ Manufacturing Overhead $ 31800 26500 $ 41340 $ 26500 $ Que Accou Dropd 31800 Cost of completed job Direct materials Ques Accoung Dropdow 41340 26500 Direct labor Manufacturing overhead 31800 Questi Accountin Dropdown Total cost 99640 Question Accounting Dropdown Job No. 52 Date Direct Materials Direct Labor Manufacturing Overhead $ 25440 Question Accounting Jan. $ 31800 21200 Question 1 Accounting Ted Dropdown e Textbook and Media
