Glass Company makes glass orders based on the customer specifications, so the company uses job costing to track costs.

1.The company uses direct labor hours as the cost driver for manufacturing overhead application. The company estimated the following manufacturing overhead costs for the year: $600,000 The company estimated the following usage of direct-labor hours for the year: 200,000

2.Beginning Work-in-process, March 1 (Job 57) $108,000

3.Beginning Finished Goods, March 1 (Job 55) $125,000 2.Labor Information for March: Direct-labor hours: Job 57 7,000 Job 58 6,000 Job 59 4,000 Labor costs: Direct-labor wages $408,000 Indirect-labor wages $30,000 Supervisory salaries $12,000 3.Material Information for March: Raw Materials,Inventory, March 1 $21,000 Purchase or raw material $210,000 Direct materials requisitioned: Job 57 $90,000 Job 58 $75,000 Job 59 $51,000 4.Other costs incurred in March: Factory Utilities $12,000 Sales offices Utilities $3,200 Administrative offices Utilities $2,000 Factory equipment repair and maintenance costs $11,200 Depreciation on factory equipment $5,000 Manufacturing supplies purchased and used $24,000 5.During March the following jobs were completed and sold for the following sales price: Job 57 $400,000 Job 58 $250,000 Required: You need to use cell references to provide answers and calculations. 1.Develop the predetermined overhead rate. 2.Complete the job cost sheets provided below for the month of March: Job 57 Job 58 Job 59 Beginning Balance Current costs: Direct materials Direct Labor Applied overhead Total 3.Determine the ending Work-In-Process Inventory at the end of March and provide the number of the Job(s) still in Work-in-Process at the end of March and the determine total cost of ending work in process for March. 4.Determine the ending Finished Goods for March and provide the number of the Job(s) in Finished Goods at the end of March and determine the total cost of ending finished goods for March. 5.Determine the Cost of Goods Sold for March and provide the number of the Job(s) in Cost of Goods Sold for March and determine the total cost of goods sold for March. 6. Make a statement of cost of goods manufactured for March below.Use Manufacturing Overhead applied in your statement. Glass Company Statement of Cost of Goods Manufactured For Month ending March 31, 2018 7.Make anIncome Statement for March below.The company does not close the over or underapplied overhead until the end of the year, so no adjustment is needed to Cost of Goods Sold. Glass Company Income Statement For Month ending March 31, 2018 8.Determine the underapplied or overapplied manufacturing for March.