Manitoba Architectural Consultants $($MAC$)$ began operations on January $2.$ The following activity was recorded in the company's work$-$

in$-$process account for the first month of operations:

MAC is a service firm; thus, the names of its accounts differ from those used in manufacturing firms. Costs of subcontracted work are

basically the same as direct materials; direct staff costs are the same as direct labour, studio overhead is the same as manufacturing

overhead; and completed projects are the same as finished goods. Apart from the difference in terms, the accounting methods used

by the company are identical to the methods used by manufacturing companies.

MAC uses a job$-$order costing system, applying studio overhead to work in process on the basis of direct staff costs. At the end of

January, only one job $($Great Lake Gardens Project$)$ was still in process; it was charged with $$5,000$ in direct staff costs.

Required:

Compute the predetermined overhead rate that was in use during January.

Complete the following job cost sheet for the partially completed Great Lake Gardens Project:

GREAT LAKE GARDENS PROJECT

Job Cost Sheet

As of January $31$