CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Washburn Company produces earbuds. During the year, manufacturing overhead costs are expected to be $228,000. Expected machine usage is 2.500 hours. The company assigns overhead based on machine hours. Job No. 551 used 90 machine hours. Compute the predetermined overhead rate. (Round answer to 2 decimal places, e.g. 5.25.) Predetermined overhead rate LINK TO TEXT Determine the amount of overhead to allocate to Job No. 551. (Round answer to O decimal places, g. 5,275.) Overhead assigned Prepare the entry to assign overhead to Job No. 551 on January 15. (Credit account tities are automatically indented when amount is entered. Do not indent manually. Round answer to decimal place, e.g. 55.) Debit Credit Date Account Tities and Explanation Jan. 15 During the current month, Standard Corporation completed Job 310 and Job 312. Job 310 cost $72,500 and Job 312 cost $49,500. Job 312 was sold on account for $97.500. Journalize the entries for the completion of the two jobs and the sale of Job 312. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (To record completion of Jobs 310 and 312) (To record sale of Job 312) (To record cost of goods sold for Job 312) Click if you would like to Show Work for this question: Open Show Work