Predetermined Overhead Rates, Variances, Cost Flows Job $32$ was the only job in process at the end of the first quarter. A total of $1,000$ direct labor hours at $$10$ per hour were charged to Job $32.$

Required:

Assuming that overhead is applied on the basis of direct labor cost, what was the overhead rate used during the first quarter of the year?

What was the applied overhead for the first quarter? The actual overhead? The under$-$or overapplied overhead?

What was the cost of the goods manufactured for the quarter?

Assume that the overhead variance is closed to the cost of goods sold account. Prepare the journal entry to close out the overhead control

account on March $31.$ Refer to the Chart of Accounts for account titles. What is the adjusted balance in Cost of Goods Sold?

For Job $32,$ identify the costs incurred for direct materials, direct labor, and overhead.

accounts listed: