Help me plz

6R9"; practice questions - Read-only /OE'J IQ Read Only You can't save changes to this file. v A B C D E F G H | J K L 7 ABC Company uses a Job-order costing system and a predetermined overhead rate 8 based on machine hours. At the beginning ofthe year, the company estimated the 9 followings: 11 Factory overhear! $ 50,000 12 Machine hours 8,000 14 The following information pertains to December of the current year. 16 Job 101 Job 201 Job 301 17 Work-in-Process, December 1 $ 6,000 $ 2,500 $ 1,500 18 Materials requisitioned $ 1,200 $ 800 $ 550 19 Direct labor cost $ 1,000 $ 400 $ 250 20 Actual machine hours 300 200 100 22 Actual manufactunng overhead incurred in December $ 5,000 24 The Company bills completed job at cost plus 50%. 2a Required: 27 3) Compute the predetermined overhead application rate. 34 b) Determine the costs of the three Jobs. 35 Job 101 40 Job 201 45 Job 301 49 c) If Job 101 was completed. what is the balance of Work-in-procees 50 as at December 31? 56 cl) Compute the billing price ch0b 1. 63 e) If there was no balance in the Overhead Control account on 64 on December 1, what is the balance as at December 31