Pritchet Computer Company uses a job order costing system in which each batch manufactured is a different job. Pritchet Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $22 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2024, the controller prepared the following budget (Click the icon to view the budget) In November 2024, Pritchet Computer Company worked on several jobs. Records for two jobs appear here: (Click the icon to view the records for the two jobs.) Read the requirements Requirement 1. Compute Pritchet Computer Company's predetermined overhead (OH) allocation rate for 2024. Requirement 2. Compute the total cost of each job Total cost Job 721 Job 722 Predetermined OH allocation rate Time Remaining: 01:49.02 Next copyrig coucation incir rights Reservea Pearson Copyright 2022 Pearson Education Inc. All rights reserved. Terms DELL SINS YOU 1-3) Data table ses a job orde rials and direc predetermined the following b e budget.) Computer Com e records for th Manufacturing overhead $ 480,000 $ 1,200,000 Direct labor costs Print Done Pritchet Comput Data table + - X Submit test Job 721 Job 722 Direct labor hours 770 hours te the total cost of Direct materials $ 21.100 S 50 hours 1,900 Job 721 Print Done rson Education inc All chet Computer locates manufacturing At the beginning of - X Time Remaining: 01:48.29 Next PPearson Copyright 2022 Pearson Education inc. All rights reserved. Terms Requirement 1. Compute Pritchet Computer Company's predetermined overhead (OH) each job. Actual direct labor costs Job 722 Actual direct labor hours Actual OH costs Estimated direct labor costs Estimated direct labor hours Estimated OH costs = T Terms of use erivacy roncy copyright we aucation in Al Rights Rese Pritchet Computer Company uses a job order costing system in which each batch mar Company assigns direct materials and direct labor to each job. The company assigns overhead to jobs based on a predetermined overhead allocation rate, computed as a p 2024, the controller prepared the following budget: (Click the icon to view the budget.) In November 2024, Pritchet Computer Company worked on several jobs. Records for tw (Click the icon to view the records for the two jobs.) Read the requirements www. Direct labor Direct labor hours mputer Company's predetermined overhead (OH) au = = P Direct materials Manufacturing overhead Overhead allocation rate Total cost t of each job. 721 Job 722 T Incomingnes nes Copyright 2022 P