Problem 20-01A a, , 01, , d, eh (Part Level Submission) (Video) Crane Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2020, Job So was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $22,600, direct labor $13,560, and manufacturing overhead $18,050. As of January 1, Job 49 had been completed at a cost of $101.700 and was part of finished goods inventory. There was a $16,950 balance in the Raw Materials Inventory account During the month of January, Crane Company began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $137,860 and $178,540, respectively. The following additional events occurred during the month 1. Purchased additional raw materials of $101,700 on account 2. incurred factory labor costs of $79,100. of this amount $18.080 relied to employer payroll taxes. incurred manufacturing overhead costs as follows indirect mate $19,210indirect labor $22.600 depreciation expense on equipment $13,560, and various other manufacturing overhead costs on 16.00 4. M e d derect material direct labor to jobs as follows Job No. Direct H erbals $11,500 44,070 Direct Labor $5.650 28,250 22.600 Your name is correct Calculate the predetermined overhead rate for 2020, assuming Crane Company estimates total mangacu overhead cost of $99,200, der bor costs of $79.000, and dret labor hours of 22.600 for the Predetermined overhead rate 120 Open job cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet for Job 50. Post all costs to the job cost sheets as necessary. Job No. 50 Date Direct Materials Direct Labor Manufacturing Overhead Beg Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 51 Direct Materials Direct Labor Manufacturing Overhead Jan. Cost of completed job Direct materials Direct labor Manufacturing overhead Total cost Job No. 52 Date Direct Materials Jan. Direct Labor Manufacturing Overhead