Pin Products Glitter Inc. Total Calculate JIP at the end of May. (If an input field is not used in the table, leave the input field empty; do not enter a zero.) Professional Labor Cost in May Client More info Beginning JIP Balance 14820 48360 63180 Suport Labor May Allocated Cost in May Overhead 10120 10120 MP charges $78/hour to jobs for professional labor and charges $44/hour for support labor. Overhead is applied to jobs at a rate of $30 per labor-hour, whether professional or support. This rate was determined based on an annual estimated overhead cost of $600,000 and estimated labor-hours of 20.000 (10,000 professional hours and 10,000 support hours). Actual overhead in May was $50,000 MP tracks job costs in an account titled Jobs in Process (JIP). When the job is completed, costs are closed out to Cost of Completed Jobs (COCJ). Total Data table Client Pin Products Glitter, Inc. Roja From Beginning JIP Professional Support Overhead Labor Labor Allocated 29,000 58,000 $30,000 S 22,000 8,000 S Incurred in May Professional Support Labor Hrs. Labor Hrs. 190 hrs. 230 hrs. 620 hrs. 500 hrs. 380 hrs.