Overhead Application and Job-Order Costing

Heurion Company is a job-order costing firm that uses a plantwide overhead rate based on direct labor hours. Estimated information for the year is as follows:

Overhead	$789,000
Direct labor hours	100,000

Heurion worked on five jobs in July. Data are as follows:

	Job 741	Job 742	Job 743	Job 744	Job 745
Balance, July 1	$29,870	$55,215	$27,880	$0	$0
Direct materials	$25,500	$39,800	$14,450	$13,600	$8,420
Direct labor cost	$61,300	$48,500	$28,700	$24,500	$21,300
Direct labor hours	4,000	3,400	1,980	1,600	1,400

By July 31, Jobs 741 and 743 were completed and sold. The remaining jobs were in process.

Required:

1. Calculate the plantwide overhead rate for Heurion Company. Round to the nearest cent. The plantwide overhead rate is $fill in the blank 03026ffa100ffa8_1 per DLH.

2. Prepare job-order cost sheets for each job showing all costs through July 31. Round all amounts to the nearest dollar. If your answer is zero, enter "0".

Heurion Company Job-Order Cost Sheets For the Month of July

	Job 741	Job 742	Job 743	Job 744	Job 745
Beginning balance	$fill in the blank 4d6a3602106ff97_1	$fill in the blank 4d6a3602106ff97_2	$fill in the blank 4d6a3602106ff97_3	$fill in the blank 4d6a3602106ff97_4	$fill in the blank 4d6a3602106ff97_5
Direct materials	fill in the blank 4d6a3602106ff97_6	fill in the blank 4d6a3602106ff97_7	fill in the blank 4d6a3602106ff97_8	fill in the blank 4d6a3602106ff97_9	fill in the blank 4d6a3602106ff97_10
Direct labor	fill in the blank 4d6a3602106ff97_11	fill in the blank 4d6a3602106ff97_12	fill in the blank 4d6a3602106ff97_13	fill in the blank 4d6a3602106ff97_14	fill in the blank 4d6a3602106ff97_15
Applied overhead	fill in the blank 4d6a3602106ff97_16	fill in the blank 4d6a3602106ff97_17	fill in the blank 4d6a3602106ff97_18	fill in the blank 4d6a3602106ff97_19	fill in the blank 4d6a3602106ff97_20
Total	$fill in the blank 4d6a3602106ff97_21	$fill in the blank 4d6a3602106ff97_22	$fill in the blank 4d6a3602106ff97_23	$fill in the blank 4d6a3602106ff97_24	$fill in the blank 4d6a3602106ff97_25

3. Calculate the balance in Work in Process on July 31. Work in process balance on July 31 is $fill in the blank cb1861fa6f89079_1.

4. Calculate Cost of Goods Sold for July. Cost of Goods Sold for July is $fill in the blank cb1861fa6f89079_2.