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Give an example of the actual lined overhead rate and how to use it. [Use an example from the textbook or ractice problems or create

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Give an example of the actual lined overhead rate and how to use it. [Use an example from the textbook or ractice problems or create your own.) 8. Write out the journal entries to record each of the following transactions related to starting and completing a job in the accounting records. a) Raw materials are requisitioned to start Job #101. (Use xxx for the dollar amounts.) b) The factory payroll is paid. c) Direct labor associated with Job #101 is xxx. Indirect labor for Job #101 is xxx. d) Utilities expense, rent on the factory building, depreciation expense on the factory equipment and insurance on the factory building were paid- e) Manufacturing overhead is recorded for Job #101 using the predetermined overhead rate. Job #101 is completed. g) Job #101 is sold. 9. Describe how to determine whether manufacturing overhead is over or under applied. 10. What happens to the balance in the manufacturing overhead account at the end of the accounting period

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