Homework: 2-1 MyAccountingLab Homework: Chapter 4 Question list Question 1 6 Question 2 Question 3 K Question 7, P4-44 (similar to) Part 2 of 8 HW Score: 44.16%, 19.87 of 45 points Points: 0.42 of 5 Save Davenport prints custom training material for corporations. The business was started January 1, 2017 The company uses a normal costing systems it has two direct-cost pools materials and labor, and one indirect-cost pool, overhead Overhead is charged to printing jobs on the basis of direct labor cost. The following information is available for 2017 (Click the icon to view the following data) There were two jobs in process on December 31, 2017 Job 11 and Job 12 Costs added to each job as of December 31 are as follows (Click the icon to view the costs) Davenport has no finished-goods inventories because all printing jobs are transferred to cost of goods sold when completed Read the requirements Requirement 1. Compute the overhead allocation rate Select the formula and enter the amounts to calculate the overhead allocation rate (Enter the rate in decimal format to one decimal place, XX. Do not enter the rate as a percentage) Budgeted overhead costs S 357,000 Question 4 Question 5 Question 6 Question 7 Data table Budgeted direct labor costs S 210.000 Overhead allocation rate 17 Requirement 2. Calculate the balance in ending work in process and cost of goods sold before any adjustments for under- or overallocated overhead Begin by calculating ending work in process before any adjustments for under or overallocated overhead Job 12 Total Cost Job 11 Direct materials Direct labor Overhead Ending work in process Budgeted direct labor costs $ 210,000 Budgeted overhead costs $ 357,000 Costs of actual material used $ 155.000 Actual drect labor costs S 200.500 Actual overhead costs $ 342.050 Data table Direct materials Direct labor, Job 11 $ Job 12 $ 4.900 $ 5,800 5360 7.100 Print Done Clear all, Check answer