Predetermined Factory Overhead Rate Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $256,200 Depreciation expense 46,200 Utilities 26,900 Nurse salaries 384,700 Technician wages 126,000 Total operating room overhead The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. . Determine the predetermined operating room overhead rate for the year. per hour b. Bill Harris had a 6-hour procedure on January 22. How much operating room overhead would be charged to his procedure, using the rate determined In part (a)? 6. During January, the operating room was used 194 hours. The actual overhead costs incurred for January were $56,900. Determine the overapplied Operating overhead or underapplied operating overhead for the period. Enter your answer as a positive number. Crock My Work Next > ment Score: 0.93% All work saved Save and Exit Submit Assignment for Grading Entries for Factory Costs and Jobs Completed Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $8,000 of indirect materials and $12,400 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form: Job 301 Job 302 Direct materials $10,000 Direct materials $20,000 Direct labor 8,000 Direct labor 17,000 Factory overhead 6,000 Factory overhead 12,750 Total $24,000 Total $49,750 Job 303 Job 304 Direct materials $24,000 18,000 Direct materials Direct labor Factory overhead $14,000 12,000 Direct labor Factory overhead Journalize the summary entry to record each of the following operations for January (one entry for each operation): a. Direct and indirect materials used. For a compound transaction, if an amount box does not require an entry, leave it blank. eBook Calculator Journalize the summary entry to record each of the following operations for January (one entry for each operation): a. Direct and indirect materials used. For a compound transaction, if an amount box does not require an entry, leave it blank. b. Direct and indirect labor used. For a compound transaction, if an amount box does not require an entry, leave it blank. c. Factory overhead applied to all four jobs (a single overhead rate is used based on direct labor cost). d. Completion of Jobs 301 and 302 GOT Job Order Cost Accounting for a Service Business The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The following transactions occurred during July 3. Charged 175 hours of professional lawyer) time to the Obsidian Co, breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10. Reimbursed travel costs to employees for depositions related to the Obsidian case, $12,500. 14. Charged 260 hours of professional time for the Obsidian trial at a rate of $185 per hour. 18. Received invoice from consultants Wadsley and Harden for $30,000 for expert testimony related to the Obsidian trial 27. Applied office overhead at a rate of $62 per professional hour charged to the Obsidian case 31. Paid administrative and support salaries of $28,500 for the month. 31. Used office supplies for the month, $4,000. 31. Paid professional salaries of $74,350 for the month. 31. Billed Obsidian $172,500 for successful defense of the case. a. Provide the journal entries for each of these transactions. July 10 July 18 July 27 July 31 Admin. sal. July 31 Supplies 10000000 10000000 July 31 Prof. sal. July 31 Billed July 31 Cost UNTUw MD HOW Calculator Entries for Costs in a Job Order Cost System Royal Technology Company uses a job order cost system. The following data summarize the operations related to production for March: a. Materials purchased on account, $770,000. b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. c. Factory labor used, $756,000, of which $182,000 was indirect. d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660 f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900. g. Factory overhead costs applied to jobs, $568,500. h. Jobs completed, $1,500,000 I. Cost of goods sold, $1,375,000. Required: Journalize the entries to record the summarized operations. For a compound transaction, if an amount box does not require an entry, leave it blank a. Materials purchased on account, $770,000. Entry Description Debit Credit J b. Materials requisitioned, $680,000, of which $75,800 was for general factory use. Entry Description Debit Credit c. Factory labor used, $756,000, of which $182,000 was indirect. Entry Description Debit d. Other costs incurred on account for factory overhead, $245,000; selling expenses, $171,500; and administrative expenses, $110,600. Entry Description Debit Credit e. Prepaid expenses expired for factory overhead were $24,500; for selling expenses, $28,420; and for administrative expenses, $16,660. Entry Description Debit Credit f. Depreciation of factory equipment was $49,500; of office equipment, $61,800; and of office building, $14,900. Entry Description Debit Credit g. Factory overhead costs applied to jobs, $568,500. Entry Description NATAMAMDALAMUALAIS Debit Credit h. Jobs completed, $1,500,000 Entry Description Debit Credit I. Cost of goods sold, $1,375,000. Entry Description Debit Credit