Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cyde uses 20 board feet. Labor cost is identified to the process as a whole, as is overhead cost. Data for the month of July, follow: Chairs $3.60 Tables $4.20 10 8 Direct material cost per board foot Number of parts formed per production cyde (20 board feet) Actual operating hours in July Parts produced during July Budgeted annual conversion cost: Labor 120 380 4,000 9,000 Depreciation Other overhead Total $150,000 125,000 65,000 50,000 $390,000 Budgeted anual operating hours for steam-bending 5,200 In your computations, round content amounts to two decimales. If required, round final aniwers to the nearest do 2. Computer terror the benches Previous + 5. 6 7 8. 9 O R T U H J K K L 2 V B. N M M a. Compute July's predetermined rate for the steam-bending process. per hour b. Compute July's direct material costs for chairs and tables. Chairs Tables c Compute conversion costs to be applied to chairs and tables in July Chairs ETA.. Tables d. Journalize the following entries: 1. Assignment of direct materials to chairs and tables. If an amount box does not require an entry, leave it blank. 2. Application of conversion costs to chairs and tables. If an amount box does not require an entry leave it blank reto i 6. 7 8 9 E R Y O 3 D H J K 2. V B. N M ch E 2. Application of conversion costs to chairs and tables. If an amount box does not require an entry, leave it blank. 3. The transfer of completed chairs and tables to the Fishing Department. All of July's production was completed in July, I an amount box does not require an entry leave it blank 200PM O 5 9 8 6 O E E R D H K 2 B N M HP Laptop Do more from anywhere. All-day long. DP