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on #2 the options for desceiption are costs of goods sold and manufacturing overhead Kapoor Catering Co. uses a job cost system. Its activities in

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Kapoor Catering Co. uses a job cost system. Its activities in November 2020 , the first month of operation, were as follows: The company applies overhead at a rate of $16.50 per labor hour. It completed all of its jobs in November. Total revenue for the three jobs amounted to $398,700. The allocated overhead for the month was $150,700, of which $124,600 should be credited to accounts payable and $39,200 should be credited to Accumulated Depreciation. 1. Determine the costs that should be assigned to each of the jobs. 2. Do the adjustment for overallocated or underallocated manufacturing overhead

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