Predetormined Foctory Overhead Rate Turbo Shop uses job order costing to determine the cost of performing engine repair work. Estimated costs and expenses for the coming perlod are as follows: The average shop direct labor rate is $23.00 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. X per direct labor hour Collegiate Publishing Inc. began printing operations on March 1. 3obs 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 sull in process at the end of the month, and all applicable costs excepe factory overhetd have been fectorded on the retated cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materlas and $14,500 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: Cleck My Won. b. Record direct labor costs in the Work in Process account, and indirect labor costs in the Factory Owerhead accounk. Fecthack Tona Mr won Apoly factony overhead based on cirect labor costs. d. Completion of Jobs 301 and 302 . If an amount box does not require an entry, leave it blank. Joumalize the summary entry to record each of the following operations for March (one entry for each operation): a. Direct and indirect materials used, If an amount box does not require an eatry, leave it blank. a. Record direct materials costs in the Work in Process account, and indirect, materials costs in the Factory Overhead account. b. Direct and indirect tabor used. If an amount box does not require an entry, leave it blank. Collegiate Publishing Inc, began printing operations on March 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 apolicable costs except factory cverhesd have bnen fecorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $1,200 of indirect materials and $14,500 of indirect inbor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form