In November 2018, Bloom Companys manager estimated next years total direct labor cost as

110,000 hours at an average wage rate of $30 per hour. The manager also estimated the following

manufacturing overhead costs for 2019.

Indirect labor $400,000 Factory supervision $210,000

Rent on factory building $225,000 Factory utilities $72,000

Factory insurance $106,000 Miscellaneous costs $141,000

Repairs factory equipment $50,000 Factory supplies used $72,000

Depreciation factory equipment $374,000

At the end of 2019, records show the company incurred $1,645,000 of actual overhead costs. It

completed and sold five jobs with the following direct labor costs: Job 201, $700,000; Job 202,

$825,000; Job 203, $474,000; Job 204, $916,000; and Job 205, $203,000. In addition, Job 206 is

in process at the end of 2019 and had been charged $207,000 for direct labor. No jobs were in

process at the end of 2018. The company's predetermined overhead rate is based on direct labor

cost.

Required:

Determine the following. (Ignore any end of period adjustments for over or under applied overhead.)

6. At the end of 2019 and before adjustment, what are the total amount of debits assigned to the

manufacturing overhead account?

7. At the end of 2019 and before adjustment, what are the total amount of credits assigned to the

manufacturing overhead account?

8. Assume an actual overhead system is used rather than a predetermined rate. What would be the

actual overhead rate?

9. Using the actual overhead rate, how much overhead would be assigned to Job 203?

10. Using actual overhead rates, what is the ending balance in the overhead account?