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please help with parts 1 and 2 of this problem. also at the end, July 31st has two entries Exercise 2-5 (Video) Ikerd Company applies

please help with parts 1 and 2 of this problem. also at the end, July 31st has two entries image text in transcribed
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Exercise 2-5 (Video) Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $331,515 for the year, and machine usage is estimated at 125,100 hours. For the year, $356,850 of overhead costs are incurred and 131,000 hours are used. Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e.g. 1.25.) Manufacturing overhead rate per machine hour $ SHOW LIST OF ACCOUNTS What is the amount of under- or overapplied overhead at December 317 Manufacturing Overhead SHOW LIST OF ACCOUNTS Prepare the adjusting entry to assign the under or overapplied overhead for the year to cost of goods sold. (Credit account titles are automatically indented when amount is entered. Do not inder Debat Credit Account Titles and Explanation A job cost sheet of Sandoval Company is given below. JOB NO. ITEM Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor FOR 2,500 7/2 7/31 Manufacturing Overhead Date 700 7/10 12 900 15 600 750 22 400 505 24 1,650 1,525 27 31 500 625 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost (1) What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job? Source Documents Direct materials Direct labor Manufacturing overhead (2) Overhead is applied on the basis of direct labor cost. What is the predetermined manufacturing overhead rate? Predetermined manufacturing overhead rate (3) What are the total cost and the unit cost of the completed joff? (Round unit cost to 2 decimal places, e.g. 1.25.) Total cost of the completed job Unit cost of the completed job $ $ SHOW LIST OF ACCOUNTS Prepare the entry to record the completion of the job. (Credit account titles are automatically indented when amount i Date Account Titles and Explanation Debit Credit July 31

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