Pharoah Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Pharoah estimated that the total overhead costs would be $ 74,240 and that the total labour hours would be 2,320. At the end of the year, Pharoah obtained the actual overhead costs from the ledger and found that the shop had incurred $ 68,040 and had worked 2,268 labour hours. Your answer is correct. Compute the predetermined (budgeted) overhead rate. $ Overhead Rate 32 e Textbook and Media List of Accounts Your answer is partially correct. Compute the overhead amount that was applied for the year. Was overhead underapplied or overapplied? $ 72576 Applied Overhead Amount Overapplied Prepare the journal entry to close the overhead account. Assume that the underapplied and overapplied overhead was not material. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry Required" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Manufacturing Overhead Cost of Goods Sold eTextbook and Media List of Accounts Your answer is correct. A customer brings her car to be fixed. She wants an estimate before she decides to have her car fixed. Pharoah estimates that the parts would cost $ 260, labour costs $ 38/hour for 2.50 hours. What is the cost of this job? $ 435 Total Cost e Textbook and Media List of Accounts * Your answer is incorrect. To provide a quote to a customer, Pharoah adds a 38% mark up on the full costs. What is the quote for the job in (D)? (Round answer to 0 decimal places, e.g. 5,275.) GA 603 Quote