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SOOD $1,50.500 Shop Advertising expense Administrative office salaries Administrative office depreciation expense Total costs and expenses The average shop direct labor rate is $14 per hour Determine the predetermined shop overhead rate per direct labor hour. Good Samaritan Medical Center has a single operating room that is used by local is accumulated by each patient procedure and includes the direct materials costs physicians to perform surgical procedures. The cost of using the operating room (drugs and medical devices), physician surgical time, and operating room over head. On January 1 of the current year, the annual operating room overhead is EXERCISE 1-16 Predetermined factory overhead rate Objective 5 a. $380 per hour estimated to be: $123,500 424,000 15.300 188,000 47,200 $798,000 Disposable supplies Depreciation expense Utilities Nurse salaries Technician wages Total operating room overhead The overhead costs will be assigned to procedures based on the number of surgi- cal room hours. The Medical Center expects to use the operating room an average of seven hours per day, six days per week. In addition, the operating room will be shut down two weeks per year for general repairs. a. Determine the predetermined operating room overhead rate for the year. b. Willie Young had a 4.5-hour procedure on January 10. How much operating room overhead would be charged to his procedure, using the rate determined in (a)? c. During January, the operating room was used 170 hours. The actual overhead costs incurred for January were $63,395. Determine the overhead under- or over- applied for the period. b. Determine the cost of the unfinished jobs at March 31. 42 EXERCISE 1-17 Entry for jobs completed: cost of unfinished jobs Objective 5 b. $18,600 The following been completed for March: Chapter 1 - Introduction to Managerial Accounting and Job account appears in the ledger after only part of the postings have Jobs finished during March are summarized as follows: a. Journalize the entry to record the jobs completed. Job 320 $40,000 Job 326 74,600 Balance, March 1 Direct materials Direct labor Factory overhead Work in Process $10,000 84,700 63,200 92,100 Job 327 Job 350 $23,100 93,700 YERCISE 1.10 nerations on May 1. Jobs 1 and 2 w der on