Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost

On April $1,$ Sangvikar Company had the following balances in its inventory accounts:

Materials Inventory $$12,710$

Work$-$in$-$Process Inventory $21,500$

Finished Goods Inventory $8,610$

Work$-$in$-$process inventory is made up of three jobs with the following costs:

Job $114$ Job $115$ Job $116$

Direct materials $$2,427$ $$2,614$ $$3,754$

Direct labor $1,7401,5204,440$

Applied overhead $1,1319882,886$

During April, Sangvikar experienced the transactions listed below.

Materials purchased on account, $$29,060.$

Materials requisitioned: Job $114,$ $$16,400$; Job $115,$ $$11,990$; and Job $116,$ $$4,910.$

Job tickets were collected and summarized: Job $114,150$ hours at $$11$ per hour; Job $115,220$ hours at $$14$ per hour; and Job $116,100$ hours at $$18$ per hour.

Overhead is applied on the basis of direct labor cost.

Actual overhead was $$4,285.$

Job $115$ was completed and transferred to the finished goods warehouse.

Job $115$ was shipped, and the customer was billed for $125$ percent of the cost.

Required:

$1.$ Calculate the predetermined overhead rate based on direct labor cost.

fill in the blank $1$

$\%$ of direct labor cost

$2.$ Calculate the ending balance for each job as of April $30.$ When required, round your answers to the nearest dollar. Use your rounded answers in subsequent computations, if necessary.

Ending Balance

Job $114$ $fill in the blank $2$

Job $115$ $fill in the blank $3$

Job $116$ $fill in the blank $4$

$3.$ Calculate the ending balance of Work in Process as of April $30.$ When required, round your answer to the nearest dollar.

$fill in the blank $5$

$4.$ Calculate the cost of goods sold for April. When required, round your answer to the nearest dollar.

$fill in the blank $6$

$5.$ Assuming that Sangvikar prices its jobs at cost plus $25$ percent, calculate the price of the one job that was sold during April. When required, round your answer to the nearest dollar.

$fill in the blank $7$