During the current month, a company that uses job order costing purchases $58,000 in raw materials for cash. It then uses $17,000 of raw materials Indirectly as factory supplies and uses $34,400 of raw materials as direct materials. Prepare Journal entries to record these three transactions View transaction ist Journal entry worksheet B Record the raw materials purchase for $58,000, paid in cash. Note: Enter debts before credits Transaction General Journal Debit Credit Geronto View.cenario During the current month, a company that uses job order costing incurred a monthly factory payroll of $220,500. Of this amount $49,000 is classified as Indirect labor and the remainder as direct. Prepare journal entries to record these transactions. View transaction list Journal entry worksheet A company estimates the following manufacturing costs for the next perlod: direct labor. $540,000; direct materials, $204,000; and factory overhead, $132,000. Required: 1. Compute its predetermined overhead rate as a percent of direct labor. 2. Compute its overhead cost as a percent of direct materials. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute its overhead cost as a percent of direct materials. - FEFFI Overhead Rate Choose Denominator: Choose Numerator: 1 7 1 Overhead Rate Overhead Rate