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Exercise 2-7 (Algo) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours

Exercise 2-7 (Algo) Job-Order Costing; Working Backwards [LO2-1, LO2-2, LO2-3] Hahn Company uses a job-order costing system. Its plantwide predetermined overhead rate uses direct labor-hours as the allocation base. The company pays its direct laborers $17.50 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 71,700 direct labor-hours, and Job Omega. The job cost sheets for these two jobs are shown below: Job Alpha Direct materials Direct labor Manufacturing overhead applied Total job cost 2 $ 2,248,000 Job Onega. Direct materials Direct labor Manufacturing overhead applied Total job cost Required: $ 398,750 551,250 330,750 $ 1,280,750 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the job cost sheet for Job Alpha. (Round your intermediate calculations to 2 decimal places.) Direct materials Direct labor Manufacturing overhead applied Total job cost $ 1,366,000 1,434,000 S 932,100 3,732,100

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