EXERCISE 7 B The accounting records of ROLEX, Inc. shows the the following budget for 2020: Manufacturing overhead costs 1,728,000 Number of units of production 432,000 Direct Materials costs Machine Hours Direct Labor Hours Direct Labor Costs 8,640,000 216,000 720,000 3,600,000 Manufacturing overhead costs for January, 2020 revealed the following: JOB A JOB B JOB C Materials requisitioned 220,000 360,000 145,000 Direct Labor hours used 18,350 30,000 12,200 Machine hours used 5,500 9,000 3,500 Direct Labor Costs 90,000 150,000 65,000 Units produced 12,000 18,000 6,000 REQUIREMENTS: Assuming that JOB A and JOB B are completed, compute the total manufacturing costs of each job using: a Direct Labor costs as the basis of predetermined overhead rate b Direct Labor hours as the basis of predetermined overhead rate Machine hours as basis of predetermined overhead rate d The number of units manufactured is the basis of overhead rate