Cullumber Company uses a job order cost system and apglies overhead to production on the basis of direct labor costs. On January 1 . 2022. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows direct materials $25,600. direct labor $15,360, and manufacturing everhead $20,480, As of January 1, Job 49 had been completed at a cost of $115,200 and was part of finished goods inventory. There was a $19.200 balance in the Raw Materiats Inventory account on danuary 1. During the month of Janhary, Cullumber Company began production on Jobs 51 and 52 , and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $156,160 and $202,240, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $115,200 on account. 2. Incurred factory labor costs of $89,600 3. Incurred manufscturing overheod costs as follows depreclation expense on equipment $15,360; and varicus other manulacturing overhead costs on account 320.480. 4. Assigned direct materials and direct labor to jobs as follows. 5. Asigned indirect materiatzat $21,760 and inairect labor at $25.600 Calculate the predetermined overhead rate for 2022 . assuming Cullumber Company estimates total manufacturing overhead conts of $1,075,200, direct labor costs of $896,000, and direct labor hours of 25,600 for the vear. Predetermined averhead rate Prepare the journal entries ta record (1) the purchase of rawmateriak, (2) the factory labor costs incurred, and (3) the manufacturing oveithead costs incurred during the month of lanuary. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Cullumber Company uses a job order cost system and apglies overhead to production on the basis of direct labor costs. On January 1 . 2022. Job 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows direct materials $25,600. direct labor $15,360, and manufacturing everhead $20,480, As of January 1, Job 49 had been completed at a cost of $115,200 and was part of finished goods inventory. There was a $19.200 balance in the Raw Materiats Inventory account on danuary 1. During the month of Janhary, Cullumber Company began production on Jobs 51 and 52 , and completed Jobs 50 and 51 . Jobs 49 and 50 were sold on account during the month for $156,160 and $202,240, respectively. The following additional events occurred during the month. 1. Purchased additional raw materials of $115,200 on account. 2. Incurred factory labor costs of $89,600 3. Incurred manufscturing overheod costs as follows depreclation expense on equipment $15,360; and varicus other manulacturing overhead costs on account 320.480. 4. Assigned direct materials and direct labor to jobs as follows. 5. Asigned indirect materiatzat $21,760 and inairect labor at $25.600 Calculate the predetermined overhead rate for 2022 . assuming Cullumber Company estimates total manufacturing overhead conts of $1,075,200, direct labor costs of $896,000, and direct labor hours of 25,600 for the vear. Predetermined averhead rate Prepare the journal entries ta record (1) the purchase of rawmateriak, (2) the factory labor costs incurred, and (3) the manufacturing oveithead costs incurred during the month of lanuary. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.)