Canvas Job cost sheets for the Hill Company in 2019 are as follows: Job Number 500 Quantity: 7,000 Gizmos Overhead Applied Based on Machine Hours; Machine Hours used on Job 500 in 2018 was 1.500 hours. Date Direct Materials Direct Labor Manufacturing Overhead Totals Jan. 1 (Beg. Bal.) $7,000 $ 11,000 $31.500 $49.500 8 8.600 10 9.000 15 6.200 25 17.000 31 Totals: $21,800 $37.000 22102 Machine hours used on Job 500 in January 1,375 hours. Predetermined overhead rate in 2019 is $23.00. Job Number 501 Quantity: 3.500 Gadgets Overhead Applied Based on Machine Hours: Machine Hours used on Job 501 in 2018 was 975 hours. Date Totals Direct Materials Direct Labor Manufacturing Overhead Totals Jan. 1 (Beg. Bal.) $17,000 $ 5.000 520,475 S42,475 8 11.300 10 8.500 15 14,000 25 6.100 31 Totals $42.300 $19.500 72 Machine hours used on Job 501 in January 830 hours. Predetermined overhead rate in 2019 is $23.00 N FO 711 712 FO FB 7 FO F5 F3 F4 Esc 9 0 8 5 6 7 4 2 3 OP W Y U | E R $ 5,000 $20,475 $42,475 $17,000 11,300 8,500 Jan. 1 (Beg. Bal.) 8 10 15 25 31 Totals 14,000 6,300 $42,300 $19,800 ????? 2222222 Machine hours used on Job 501 in January 830 hours. Predetermined overhead rate in 2019 is $23.00. a. What was the predetermined overhead rate in 2018? (1 point) b. What was the balance in the Work-in-Process Control account on January 1, 2019, if these were the only unfinished jobs? (2 points) c. What is the Manufacturing Overhead applied to Job 500 and to Job S01 in 2019? (2 points) d. Assuming that Job Number 501 is completed at the end of January 2019, what dollar amount was transferred from Work-in-Process to Finished Goods Inventory when the job was completed? (1 point) e. What was the balance in the Work-in-Process Control account on February 1, 2019, assuming Job Number Soo is still unfinished? (1 point) Edit View Insert Format Tools Table 12 Paragraph BIWA F10 F FB F11 F6 F9 F7 Esc F1 F4 F2 F3 + ) 8 7 C 9 8 6 3 2 4 Q W E RT Y U |