Chapter 16-Job Order Costing Assignment 3 . Journalizing transactions; calculating overhead, adjusting manufacturing overhead 1. At the beginning of the period, Jan. 1, three jobs were in process: Job 400 (DM $2,500; DL $3,500; Mo- $2,275), and Job 401 (DM $6,000; DL $6,400; MO $4,160), Job 402 (DM 1,900; DL 4,800; MO- $3,120) Create job cost sheets for each job. 2. During the month Job 403 was started. Create a job sheet for this job. "Just title the last job cost sheet-Job 403 3. Purchased raw material on account $125,000 4. Actual overhead costs included: a. Paid factory rent: $4000 b. Utilities: $2800; c. Insurance: $850 d. Depreciation: $5,000 5. Estimated annual overhead costs: $276,250; Cost driver identified: Diredt labor costs; estimated annual direct labor costs: $425,000; Calculate the pre- determined overhead rate. 6. Incurred $50,000 in factory labor costs, of which $3,500 is employer payroll taxes. 7. Requisitioned $15,800 of material; $5,100 was for Job 400, $1,800 was for job 401, $3,600 was for Job 402, $3,300 was for Job 403 and the remainder was indirect material. Update the job cost sheets 8. Assigned $50,000 in labor costs; $8,500 was for Job 400o, $9,700 was for Job 01, $10,200 was for Job 402, $12,100 was for Job 403, and the remainder was indirect labor. Update the job cost sheets. 9. Calculate the amount of overhead to apply into process (journalize the transaction): Calculate the amount of overhead to apply to jobs 400, 401, 402, and 403. Update the job cost sheets. 10.Other manufacturing overhead costs that occurred during the period totaled $2,000 of which $800 was paid and the remainder was on account