Exercise D In June, Sierra Company worked only on Job No. 100 and completed it on June 30. There were no prior costs accumulated on Job No. 100 before June 1. During the month, the company purchased and used $10,800 of direct materials, used 2,00o machine-hours, and incurred $19,200 of direct labor costs. Assuming manufacturing overhead is applied at the rate of $12 per machine-hour, what is the total cost of Job No. 100? Prepare journal entries to assign the materials, labor, and manufacturing overhead costs to production and to record the transfer of Job No. 100 to Finished Goods Inventory Exercise F Different companies use different bases in computing their predetermined overhead rates. From the following estimated data, compute the predetermined rate to be used by each company: Company Paper 100,000 50,000 48,000 $8o0,000 $735,0oo $410,o00 Rock Scissors 125,000 39,000 Machine-hours Direct labor-hours Direct labor cost Manufacturing overhead cost $40o,000 210,000 $432,000 $375,000 Basis for determining predetermined overhead rate: Company Basis Paper Direct labor cost Rock Direct labor-hours Scissors Machine-hours