M N O P ALT-ON-COST SHEET BALANCE OF WIP IS ALWAYS EQUAL TO THE SUM OF THE JOB COST SHEETS e xercise (1-2) overapplied overhead Carlin Manufacturing manufactures fancy ties for men and women. Various oth types and colors are purchased, along with thread and lining. The factory employees assemble the ties and use sewing machi 1 DM to finish them. The workers are paid by the hour. 10 11 13 At the beginning of the month of January, Carlin 14 Eestimated that the factory overhead for the entire Year would be $120,000. Total Job Cost Cost Per Unit $3,400.00 $34.00 Cost Per Unit $0.00 Cost Per Unit 17 Additionally, the factory wages for the year were estimated to be $150,000 20 PREDETERMINED OVERHEAD RATE (POR) = ESTIMATED FO/ESTIMATED DIRECT LABOR COST Job 101: Direct materials used were $1,400 Direct labor was $2.000. Job 102: Direct materials used were $1,280 Direct labor was $2,300. Job 103: Direct materials used were $2,040 Direct labor was $2,400. The factory overhead costs for January include: Factory Supervision $3,000 Factory Depreciation $2.000 Indirect Materials $1,000 Indirect Labor: Total Actual Factory Overhear $6,800 23 What is the predetermined overhead rate