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Good afternoon, could someone please helo me. Sunrive Construction, inc, is a home bulldec in Arizona. Sunrise uses a job order costing system in which

Good afternoon, could someone please helo me. image text in transcribed
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Sunrive Construction, inc, is a home bulldec in Arizona. Sunrise uses a job order costing system in which each house is a job. Because it constructs houses, tre company uses an account tith Construction Overtiead. The correany applies overhead based on estimated direct labor costh. For the year, if estimatod construction overhead of $1,300.000 and total direct labor cost of \$2,600,000, The following events occurred during Aupust: (1) (Cick the icon to vew the everitis.) Requirement 1. Calculate Sunrive's predelermined overtheod allocation rate for the year. More info a. Purchased materials on account, $450,000 b. Requisitioned direct materials and used direct labor in construction. Recorded the materials requisitioned. c. The company incurred total wages of $220,000 se the data from ltem b to assign the wages. Wages are not yet paid. d. Depreciation of construction equipment, $7,000 e. Other overhead costs incurred: Equipment rentals paid in cash, $38,000 Worker Mability insurance expired, $8,000. f. Allocated overtiead to jobs g. Houses completed: 402,404 h. House sold on account. 404 for $260,000

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