Cost accumulation; assigning costs to jobs Mystic Inc. uses a job order costing system and applies overhead to jobs at a predetermined rate of $4.25 per direct labor dollar. During April, the company spent $59,200 on direct material and $7,800 on direct labor for Job \#344. Budgeted factory overhead for the company for the year was $2,550,000. a. How did Mystic Inc. compute the predetermined overhead rate for the year? Overhead rate = b. Journalize the application of overhead to all jobs, assuming that April's total direct labor cost was $45,400. c. How much overhead was assigned to Job \#344 during April? \$ d. Job \#344 had a balance of $36,700 on April 1. What was the April 30 balance? \$