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Practice Problem 6: We-B-Busy, Inc. uses job costing and a predetermined overhead rate based on machine hours (MH). The firm estimated that it would use

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Practice Problem 6: We-B-Busy, Inc. uses job costing and a predetermined overhead rate based on machine hours (MH). The firm estimated that it would use $240,000 of MOH and 7,500 MH this vear. Data for Februarv: Q1: Predetermined overhead rate (POHR) = Q2: Total cost of Job 1010= Job 1011= 1012= Q3: Journal entry for the use of direct materials in production: \begin{tabular}{|l|l|l|} \hline & & \\ \hline \end{tabular} Q3: Journal entry for the use of direct labor in production: \begin{tabular}{l|l|l|} \hline & & \\ \hline \end{tabular} Q4: Iournal entrv for the combletion of Iob 1010 and Iob 1011: Q5: Iournal entries for the sale of Job 1010 for $50,000 cash

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