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Chademy 1 Factory supplies used Miscellaneous production costs Total estimated overhead costs 1, 38.000 $1.440,000 20 ports At year end records show the company incurred $1.542.000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs Job 201, $606,000, Job 202. $565,000, Job 203, $300,000. Job 204, 5718.000, and Job 205, $316.000 In addition, Job 206 is in process at the end of the year and had been charged $19.000 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct lobor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the total overhead cost applied to each of the jobs during the year 1-c. Determine the over or underapplied overhead at the yewend 2. Assuming that any over or underopplied overhead is not material prepare the adjusting entry to alocate any over or underapplied overhead to Cost of Goods Sold at the end of the year . fo Complete this question by entering your answers in the tabs below. les I Ben 10 Heel Determine the over or underapplied overhead at the year and Actual overtad Estimated over and cost Actual overhead con Underpoind overhead Factory Overhead 1.842.000 1614.400 1,542.000 4,690,400 Applied ood.com Camdev End Overhead out (Reg 10 2 > Chademy 1 Factory supplies used Miscellaneous production costs Total estimated overhead costs 1, 38.000 $1.440,000 20 ports At year end records show the company incurred $1.542.000 of actual overhead costs. It completed and sold five jobs with the following direct labor costs Job 201, $606,000, Job 202. $565,000, Job 203, $300,000. Job 204, 5718.000, and Job 205, $316.000 In addition, Job 206 is in process at the end of the year and had been charged $19.000 for direct labor. No jobs were in process at the beginning of the year. The company's predetermined overhead rate is based on direct lobor cost. Required 1-a. Determine the predetermined overhead rate for the year. 1-b. Determine the total overhead cost applied to each of the jobs during the year 1-c. Determine the over or underapplied overhead at the yewend 2. Assuming that any over or underopplied overhead is not material prepare the adjusting entry to alocate any over or underapplied overhead to Cost of Goods Sold at the end of the year . fo Complete this question by entering your answers in the tabs below. les I Ben 10 Heel Determine the over or underapplied overhead at the year and Actual overtad Estimated over and cost Actual overhead con Underpoind overhead Factory Overhead 1.842.000 1614.400 1,542.000 4,690,400 Applied ood.com Camdev End Overhead out (Reg 10 2 >
