n 20 0LA a, ,d, b, d2,e h (Part Level Sulbemission) (Video) n and apphes overtead to production on the baas of direct ssbor costs On laraney 1, 2000, Jobi 50 was the oly oh n wse as tollows: direct materisls 521,400, dect lobor $12,80, and monufacturing webead $17.120. As process. The lanuay 1, lelb 49 had been completexd at a cost eof Dunng the eonth of aary, Sheridan Coempany began production on Jobs 5t and 52, and completesd lors 50 and 51. lobs 19 and s0 wire abo sokd accoune durng the month for $130,540 an $169,06o, respectively The folkowing additional everes oecurred d t Purchased sdditionsl raw makenis o $96,300 on account 2. Incurred factory labor coots of $24,900, this amount $17,120 rdated to employer p i eyroll a Incurred manducture overhead costs as follows: indrect micoids $18,190, deect lobor $21,400; depreriaion experse on eq apmert $12,840; and arious ehe marufactunng overtread costs on account $17,120 4 Pusssgned deect matonals and direct labor to jolis as folows Job NoDirect Materials Direct Labor 510,700 .730 $5,353 20,750 21,400 (a) total manufscturing owerhead costs of $598,800, direct labor costs of 5349,500 Caloulate the predetermned overhead for 2020, assumin and direct labor hours of 21,400 for the year B. Problem 20 OLA a, , di, b, dz, e h (Part tevel Submission) (Video) Shendan Compary uses a job order cost system and apples overhesad to production on the basis of dred labor costs, On Jarsusy 1, 2020, ob 50 was the only yob in process. The costs incurred peior to Jamary t on this job were as tollows; direct materils $21,400, direct laboe $12,840, and marwrfacturing overhead 17,120. As of bruary 1, lob 49 had been ompkted at oest of 96,300 and was part of firushed goods inventory. There was a $16,050 balance in the Raw Materials Inventory accut Ouring the month of Janary, Sheridan Company began production on Jotis 51 and 52, and completed Jobs s0 and 51. Johs 40 and 50 were also sold on acourt duma the ninntihi tt w st and tico oo, aes" d hely Teltiin. M akit o nal-swaanedingt.man in t, Purchased additional rww materials of $96,300 cn account 2. Incurred factory labor costs of $34,900, o ts amont $17,120 related to employer payroll taxes 3. Inurred manufacturing overhead costs as follows: indirect materils $18,190; inddrest labor $21,400; depreciation experse on equipment $12,840; and varous other manufacturing overhead costs on account $17,120 d. Assigned deect materials and direst labor to jobs as follows lob No Direct Materials Direct Labor 510,700 1,730 32,100 $5,350 26,750 Calculate the predetermined overhead rate for 2020, assuming sheriden Company estimates total manufacturing overhead coss of $898,800, drect labor cests of $749,000, and diredt labor hours of 21,400 for the yes 1.2 Predetermmned overhead rate