Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost On April 1, Sangvikar Company bad the following balances in its inventory accounts: Work-in. process inventory is made up of three jobs with the following costs: During April, Sangvikar experienced the transoctions listed below. a. Materials purchased on account, $29,290. b. Materials requisitioned: Job 114,$16,370;306115,$11,760; and Job 116,$4,730. c. Job tickets were collected and summarized: Job 114, 130 hours at $11 per hour; Job 115,210 hours at $15 per hour; and Job 116,100 hours at $19 per hour. d. Overhead is applied on the basis of direct tabor cost e. Actual overhead was $4,265. f. Job 115 was completed and transferred to the finished goods warehouse. 9. 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. % of direct labor cost 2. Calculate the ending balance for each job os of April 30. When required, round your answers to the nearest dollar. Use your rounded answers in 2. Calculate the ending balance for each job as of April 30. When required, round your answers to the nearest dollar, Use vour rounded answers in subsequent computations, if necessary. 3. Calculate the ending balance of Work in Process as of April 30. When required, round your answer to the nearest dollar. 4. Calculate the cost of goods sold for Apnil. When required, round your answer to the nearest dollar. 5. Assuming that Sangvikar pnices 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. r Cleck My War 1. Predetermined OH rate = budgeted OH costs + budgeted amount of driver 2. Total job cost = beginning balance +DM+DL+OH 3. The balance in Work in Process can be computed by summing the costs of all incomplete jobs