"Problem 20-1A (Part Level Submission) Degelman Conpany uses jab o der cost system and ag ins overhead to production en the basis af direct labor oosts. On la tary 1 2014, 3ob No, SD-s the on job n process. The costs incurred nor to lanuary 1 on thajca were as folos drect mate als $20 200 drect labor12.160 and manufactuing overhead S 16,280 AS 0ana 1 3ob N0.49 had been completed at a cost of $89 100 and as part orsnshed goods inventory. There as $14,410 balance i the Ra stater is Inventory account Ouring the morh o Jnuey, Degeman Congany began producion on 00 51 end 52 and congleted ocourred during the manch 50n0 51. Jobs 49 and 50 were abo sod on acouvt during the month for s121,200 and 159,000, respectively. The rolowing sodonel evenes Furchaced additianl raw materils of $90.250 on account. 2. Incurred ractory labor costs of S64.1 30 Of this a "ont$16,670 related to employer payrol taxes 1. Incurred manufaturtig overtnd oosts as falows: indreet matzrsa 1G,540 ; ndrect labor $14,20; deprecaon expense an equipment $1a, no; and variata other 4. Assigned direct materiis and drect labor tojobs is tolows. an factura averteed coats cn account $19, 1Da 29,710 23,980 [a Your answers correct. Cak late the predetermined ove head rate for 201A, mng Degeman Con pa y estnotes total menur actu g overhead costs of S1 110 944 drect labor costs or s699 340, and direct labor hours or 20,560 the year The predetermined overhead ratete % Attempts 1 of 5 used Your anewrs Enter the January t belances on the job cost sheet ror 300 NO. 50, 51, and 52 Direct Materia Manu acturing Overhead 8e0 coet or completed ob Direct labor Totl cost Direct Matera Cost of completed job Direct materials e Direct Mate Your answer is correct. Prepare the ournal ent es to record a) the purchase of ra materil, b the factory labor costs EG red, and c) the manufactum9 overhead costsincurred dung the month of January emered. Do ot ndent mawanly.) Your answer pataly correct. Try again. Prepare the journal entnes oa record the assignment of a drect matere s, b) d rect labo, and c manufactumg overhead casts to production in assi ing nan acturn oerhead costs use the overhead rate E culated in part (a). automaticaly inderated when amiount is entered Do not ndent manualy-)