JOB ORDER COST ACCOUNTING The facory overhead activity base for this company is based on direct labor costs. current year the estimates are as follows: For the 1) Estimated total factory overhead-$ 1,305,000 Estimated total direct labor costs 870,000 What is the predetermined factory overhead rate? Prepare the journal entries for the activity of a manufacturing company as presented below. Please include explanations, you may omit the dates. 2) a. Bought raw materials inventory on account $872,500 230,075 $ 90,200 S 174,300 b. Materials requisitioned during the month: Job 136 Job 137 Job 138 Total direct materials Indirect materials Total materials used $ 494,575 518,875 Debit c. Total dollar amount of time tickets for the month: Job 136 Job 137 Job 138 Total direct labor Indirect labor Total factory labor $ 18,250 S 22,500 30,000 70,750 S 56,000 126,750 Debi d. Incurred the following overhead costs during the month: Depreciation on factory building $ 5,500