d How to Calculate the Overhea x P Pandora Radio-List ESPN: The world id-movo tter Bank of America-... Using the use cp BLOS Saved Help Save unnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances ere as follows: Raw naterials63,000 Work in process 22,200 Finished goods 52,500 The company applies overhead cost to jobs on the basis of direct labor-hours. For the current year, the company's predetermined overhead rate of $11.50 per direct labor-hour was based on a cost formula that estimated $460,000 of total manufacturing overhead for an estimated activity level of 40.000 direct labor-hours. The following transactions were recorded for the year: a. Raw materials were purchased on account, $618,000 b. Raw materials use in production, $569,400. All of of the raw materials were used as direct materials c. The following costs were accrued for employee services: direct labor, $410,000; indirect labor, $150,000; selling and administrative salaries, $338,000. d. Incurred various selling and administrative expenses (e.g. advertising, sales travel costs, and finished goods warehousing), $382,000. e. Incurred various manufacturing overhead costs (e.g, depreciation, insurance, and utilities). $310,000. t Manufacturing overhead cost was applied to production. The company actually worked 41,000 direct labor-hours on al jobs during the year g. Jobs costing $1,372,600 to manufacture according to their job cost sheets were completed during the year h Jobs were sold on account to customers during the year for a total of $3,202.500. The jobs cost $1,382,600 to manufacture according to their job cost sheets. 3 5 6 8 0