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Job Costing with Predetermined Overhead Rate SnoBlo Company manufactures a variety of gasoline-powered snow blowers for discount hardware and department stores. SnoBlo uses a job cost system and treats each customer's order as a separate job. The primary snow blower components (motors, chassis, and wheels) are purchased from three different suppliers under long. term contracts that call for the direct delivery of raw materials to the production floor as needed. When a customer's order is received, a raw materials purchase order is electronically placed with suppliers. The purchase order specifies the scheduled date that production is to begin as the delivery date for motors and chassis; the scheduled date production is to be completed is specified as the delivery date for the wheels. As a consequence, there are no raw materials inventories; raw materials are charged directly to Work-in-Process upon receipt. Upon completion, goods are shipped directly to customers rather than transferred to finished goods inventory. At the beginning of July SnoBlo had the following work-in-process inventories: During July, the following activities took place: - Started jobs 369,370 , and 371. - Ordered and received the following raw materials for specificd jobs: -Incurred july manufacturing payroll: -Incurred additional manufacturing overhead costs for july: Applied manufacturing overhead using a predetermined rate based on predicted annual overhead of $648,000 and predicted annual direct labor of $720,000. - Completed and shipped Jobs 365 through 370. Required Prepare a complete analysis of all activity in Work-in-Process (including job sheets), reconciling from the beginning to the ending balances. Note: Do not use a negative sign with any of your answers. Applied manufacturing overhead using a predetermined rate based on predicted annual overhead of $648,000 and predicted annual direct labor of $720,000. - Completed and shipped Jobs 365 through 370. Required Prepare a complete analysis of all activity in Work-in-Process (including job sheets), reconciling from the beginning to the ending balances. Note: Do not use a negative sign with any of your answers. (c) Previous D Save Answers