Please answer (b) & (d2)

Problem 20-01A a, ,d1, t, d2, e h (Part Level Submission) (Video) Shendan Company uses a job order cost system and applies owethead to production on the basis of direct labor eosts. Ob 50 was the only Jobin process. The costs incurred p " to lanuary l ceth )ob were as folows direct materials $21,400 direct labor $12,840, and manufacturing overhead $12,120. As of lanuany 1, Job 49 had been completed at a cost of $96,300 and was part of finished goods mventory. There was a $16,050 balance in the Raw Moterials Inventory account costs On January 1, 2020 During the monsh of January, Sheridan Cormpy began production on Jobs 51 and 52, and completed Jobs 50 and St. Jobs 49 and 50 were also sold on account during thmonth for 130,540 and $169,eeey. The following adiditikonial everts ocred during the manth 1. Purchased additional raw materials of $96,300 on account 2. Incurred factory labor costs of $74,900. Of ths aount $12,120 related to employer payroll taxes 3. Incurred marufacturing overhead costs as follows: indrect materials $18, 190; indkrect labor $21 400; deprecation expense on equipment $12,840; and various other manufacturing overhead costs on nocount $17,120 4. Assigned direct materials and diret labor to jobs as follows other marufacturing overhead costs on nocount $17,120 No. Direct Materials Direct Labor $10,700 41,730 32,100 $5,350 26,750 21,400 y (a) voor answers correct. Calculate the predetermined overhead rate for 2020, assuming Sheridan Company estimates total manofecturing overhead costs of $898,800, direct labor costs of $749,000, and drect labor hours of 21,400 for the yesr Predetermined Predetermined overhead rate All Bights Re served. ADivisien of 6 pen Assignment "ing the not indent maually.) No. Account Titles and Explanation (1) Materials Inventory Accounts Payable 96300 Factory Labor Factory Wages Payable Employer Payroll Taxes Payable 6955 Raw Materials Irwentory Factory Labor Equipmert Accounts Payable production. In assigning manufacturing overhead costs, use the overhead rate calculated in (a). (Credit account titfes are aurtomaticaly indented when amount is entered. Do not indent manually.) No. Account Titdles and Explanation 1 Work in Process Inventory 8453 Raw Materials Irventory 8453 Work in Process Inventory Factory Labor 3 Work in Process Inventory 64200 Marnufacturing Oveshead By accessing this Question Assistance, you will learn while you earm points based on the Pont Pocential Polcy set by your instructor Attempts2 of sed den(b)&(d2) eAgeantBacy Bolic12000-2019 1ohn Wley&Sans., All Rights Reserved. A bwision of Jghn wiey &Scas 6 8 v (b) & (d2) Open job cost sheets for lobs 50, 51, and 52. Enter the Jansary 1 balanoes on the job cost sheet for Job 50. Post all costs to the job oost sheets as necessary ob No. 50 Direct Materials Direct Labor Manufacturing Overhead Cost of completed job Direct materials Direct labor Total cost Job No. 51 Direct Materials Direct Labor Manufacturing Overhead ment Privacy PubCY I 2000-20193dnygy &Sons tos. ARights Reserved. A Divson or X toi ISAs nsJL 5 7 CALCULATOR PRINTER VERSION Job No. 51 Date Jan Direct Materials Direct Labor Manufacturing Overhead Cost of completed jolb Direct materials Direct labor Manufacturing overhead Total cost Job No. 52 Date Direct Materials Direct Labor Manufacturing Overhead LINK TO TEXT LINK 1O TEXT LINK TO TEXT LENK TO TEXT LINK TO TEXT 5 6 7