in December 2019, West Corporation's manager estimated next years total direct labor costamine 10 persons working an average of 2,000 hours each at an average wage rate of 520 per hour. The manager alto estimated the following manufacturing overgead costs for 2020 Indirect labor $25,000 fractory supervisan 100,000 Rent on factory building S000 Factory vtilities 100 000 Factory insurance 10,000 Depreciation factory equipment 500,000 Repairs expense-factory equipment 50,000 Factory supplies used 20.000 Miscellaneous production costs 5.000 Total estimated overhead costs $910,000 Need help with Question #4 abo please add explanation steps At the end of 2020, records show that the company incurred $850,000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs: Job 100, $100,000 Job 101, $80,000, Job 102 $50,000; Job 103, $120,000, Job 104, $40,000. In addition, Job 105, is in process at the end of 2019 and had been charged $25,000 of direct labor. Direct material costs for eahc of the jobs were as follows: Job 100, $63,000,job 101. $42.000; Job 102. $35,000, Job 103, $78,000; Job 104 $39,000, Jo 105 $45,000 No jobs were in the process at the beginning of 2020. The company's predetermined overhead rate is based on direct labor cost. 1. Determine the predetermined overhead rate for 2020. Predetermined overhead rate Estimated direct labor costs 10 persons equals Predetermined overhead rate estimated overhead costs $910,000 estimated direct labor costs 400000 $20 per hour 2000 hours 400000 227.50% of labor cost Predetermined overhead rate 2. Determine the overhead cost applied to each of the six jobs during 2020. Estimated direct labor costs 10 persons $20 per hour 2000 hours 400000 equals Predetermined overhead rate estimated overhead costs estimated direct labor costa 5910.000 400000 Predetermined overhead rate 227.50% of direct labor cost Direct Material Direct Labor Overhead Applied Total Job 100 Job 101 Job 102 Job 103 Job 104 sob 105 Total $63,000 S42,000 $35,000 $78,000 $39,000 $45,000 $302.000 $100,000 S80,000 $50,000 $120,000 $40,000 $25,000 $415,000 5227,500 $182,000 $113,250 $273,000 $91,000 $56.875 $944,125 $390, 500 S304,000 5198,750 5471.000 5170,000 $126,875 $1,661, 125 Overhead applied - Direct labor.227.50% 3. Determine the total cost of each of the six jobs at the end of 2020. Direct Material Direct Labor Overhead Applied Total Job 100 Job 101 Job 102 Job 103 Job 104 Job 105 Total $63,000 S42,000 $35,000 $78,000 $39.000 $45,000 $302.000 $100,000 $80,000 $50,000 $120,000 $40,000 $25,000 $415,000 $227,500 $182,000 $113,750 $273,000 $91,000 $56,875 $944,125 $390.500 $304,000 $198.750 $471,000 $170,000 $126,875 $1,661,125 Completed Completed Completed Completed Completed Completed Completed etermine the dollar amount that would be transferred from work in process inventory to finished goods inventory and ultimately to cost of goods sold in 2020