Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: Direct labor hours Variable overhead costs Fixed overhead costs Total overhead 150,000 $ 900,000 702,000 $1,602,000 180 000 $1,080.000 702 000 $1,782.000 210.000 $1,260,000 7 02,000 1,962,000 The expected volume is 180,000 direct labor-hours for the entire year. The following information is for March, when Jobs 8023 and 8024 were completed: $ 32,500 $ 165,000 $ 330,500 Inventories March 1 Materials and supplies Work-in-process (Job 6023) Finished goods Purchases of malerials and supplies Materials Supplies Materials and supplies requisitioned for production Job 6023 Job 6024 Job 6025 Supplies $ 406,000 $ 41000 $ 138,000 107,500 73.500 20,000 $ 339,000 Factory direct labor hours (DLH) Job 6023 Job 6024 Job 6025 11.500 DLH 9.500 DLH 6.500 DLH $ 220,000 49.500 113 000 Labor costs Direct labor wages (all hours @ $8) Indirect labor wages (11 000 hours) Supervisory salaries Building occupancy costs (heat, light, depreciation, etc.) Factory facilities Sales and administrative offices Factory equipment costs Power Repairs and maintenance Other $ 19,000 7,500 13 000 4,000 8.500 25,500 $ (Note: Regardless of your answer to requirement a, assume that the predetermined overhead rate is $8 per direct labor-hour. Use this amount in answering requirements b through e.) Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH b. Compute the total cost of Job 6023 when it is finished. The total cost of Job 6023 c. How much of factory overhead cost was applied to Job 6025 during March? Factory overhead cost of Job 6025 d. What total amount of overhead was applied to jobs during March? Total amount of overhead e. Compute actual factory overhead incurred during March. Actual factory overhead incurred f. At the end of the year, Kansas Company had the following account balances: $ Overapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory 2.000 2,870,000 116,000 253,000 Assuming that the overapplied overhead is not material, show the new account balances in the following table. Overapplied Overhead Cost of Goods Sold Work-in-Process Inventory Finished Goods Inventory