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 $20.00 per hour. During the year, the company started and completed only two jobs-Job Alpha, which used 66,700 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 Direct materials Direct labor $ 2,348,000 Job Omega $ 455,000 Manufacturing overhead applied 600,000 390,000 $ 1,445,000 Total job cost Required: 1. Calculate the plantwide predetermined overhead rate. 2. Complete the job cost sheet for Job Alpha. Q Q o www < Prev 10 of 10 Next