H HVARRWRVU 46 47 Weinrich Manufacturing uses a job order cost system and applies overhead to 48 Production on the basis of direct labor hours. On January 1, 2023, Job No. 25 was the only job in process 49 with total costs of $25,000. Estimated overhead costs are $500,000, direct labor costs are 50 $350,000 and direct labor hours are 25,000 for the year. -51 52 a Calculate the predetermined overhead rate. 253 54 DR CR 255 b. Prepare the following entries: 256 1. Purchased raw materials of $55,000 on account. 257 258 259 260 2 Incurred factory labor costs of $32,000 with $8,000 pertaining 261 to employee payroll taxes 262 263 264 265 2266 3. Request materials for jobs: No. 25 - $6,000, No. 26-$18,000, 267 No. 27 - $12,000, along with $10,000 of indirect materials 268 269 270 271 272 4. Assigned direct labor to jobs: No. 25 - $3,500 (for 300 hours), No. 26 - $12,500 273 (for 800 hours), No 27 -59,500 (for 700 hours), and indirect labor of $6,500. 274 275 276 277 278 5. Incurred machinery depreciation of $11,000, and other manufacturing 279 costs paid of $10,000. 280 281 282 283 70 72 72 4. Assigned direct labor to jobs: No. 25 - $3,500 (for 300 hours), No. 26-$12,500 73 (for 800 hours), No. 27-$9,500 (for 700 hours), and indirect labor of$6,500 74 -75 76 277 278 S. Incurred machinery depreciation of $11,000, and other manufacturing 279 costs paid of $10,000. 280 281 282 283 2284 6. Charged overhead to production 285 286 287 288 7. Job No. 25 and 27 were finished. 289 290 292 292 8. Job No. 27 was sold for $63,000 on account. 293 294 295 296 297 298 h. Cleared the overhead account. 299 300 301 302 303 Job 25 Job 26 Job27 304 Beg Bal $25,000 305 DM 306 DL 307 OH 30B Total 309 310 311 Overhead Actual Applied