please answer both questions
White Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2018, managing partner Sanjog White prepared the following budget for the year: (Click the icon to view additional information.) E(Click the icon to view the prepared budget.) Read the requirements. (b) predetermined overhead allocation rate Data Table Requirements Direct labor hours (professionals) 12,750 hours 1. Compute White Realtors' (a) hourly direct labor cost rate and (b) predetermined overhead allocation rate. Direct labor costs (professionals) 2,550,000 Office rent 300,000 2. Compute the predicted cost of the Simms Manufacturing job. 3. If White wants to earn a profit that equals 45% of the job's cost, how much should he bid for the Simms Manufacturing job? Support staff salaries 1,437,500 Utilities 430,000 Print Done Print Done Sloan Technology Co. manufactures DVDs for computer software and entertainment companies. Sloan uses job order costing. On September 2, Sloan began production of 5,500 DVDS, Job 423, for Cyclorama Pictures for $1.70 sales price per DVD. Sloan promised to deliver the DVDS to Cyclorama Pictures by September 5. Sloan incurred the following direct costs: E(Click the icon to view the costs.) i (Click the icon to view additional information,) Read the requirements Begin by determining the total amount of direct materials and direct labor incurred on the job. Next, calculate the predetermined overhead allocation rate and apply manufacturing overhead to the job. Lastly, compute the total cost of Job 423 and the cost per DVD. Job Cost Record X 423 i Job No. More Info - X iData Table Customer Name Cyclorama Job Description 5,500 DVDS Sloan Technology allocates manufacturing overhead to jobs based on the relation between estimated overhead of $667,000 and estimated direct labor costs of $460,000. Job 423 was completed and shipped on September 3. Date Promised 9-5 Date Labor Time Record No. Description Amount Direct materials 10 hours @ $16 per hour 9/02 655 160 $15 per hour 9/03 656 20 hours 300 Requisition Print Done Date Amount Number Materials X i Requirements Requisition 9-2 63 $ 403 Date No. Description Amount 9-2 64 675 31 lbs. polycarbonate plastic@ $13 per lb 9/02 63 $ 403 9-3 74 126 1. Prepare a job cost record for Job 423. Calculate the predetermined overhead allocation rate (round to two decimal places); then allocate manufacturing overhead to the job 9/02 64 25 lbs. acrylic plastic@ $27 per lb. 675 3 lbs, refined aluminum @ $42 per lb. 9/03 74 126 2. Journalize in summary form the requisition of direct materials and the assignment of direct labor and the allocation of manufacturing overhead to Job 423. Wages are not yet paid Journalize completion of the job and the sale of the 5,500 DVDS on account. Print Done 3. Totals Print Done ? Enter any number in the edit fields and then clic
