production costs. The company uses a predetermined overhead rale based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the Kansas Company uses a job costing accounting system for current year as follows Drect labor-hoUrs 150,000 S 900.000 180,000 210,000 51260 000 Variable overhead costs $1,080,000 sts Total overhead $1.512.c00 $1692 000 $1.872 000 The expected volume is 180.000 direct labor-hours for t entire vear, The following information is for March, when Jobs 6023 and 6024 were completed: inventories, March 1 ork in crecess Uob 6023) 5334,000 Finished goods rials and supplies Material 399.000 49,000 ls acd suceies requistioned for production 136.000 Job G025 78,000 Supplies S346 000 actory direct labor-hours (DLH 9.500 DLH Joh 6024 9 500 DLH Job 6025 6.000 DLH Labor costs Z25,000 /3.co0 Indrect laber wn 103.000 r salanes theat, licht, depreciation, atc.! Factory tacilities S 18 500 000 Frtonr equimect c aiices 12 anirs and maintanances Other 3,000 S 25,500 requirement a, assume that the predetermined ovemead rate is $9 per drect labor-hour Use this amount in answenng requrements o through e) (Nate: Regardess of vour answer Required: a. Compute the predetermined overhead rate (combined foxed and variable) to be used to apply overhead to individual jo bs during the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH b. Compute the total cost of Job 6023 when it is finished. The total cost of Job 6023 c. How much of factory overhead cost was applied to Job 6025 during March? Factory overhead cost of Job 0025 d. What total amou nt of overhead was applied to jobs during March? Total amount of overhead e. Compute actual factory overhead incurred during March. Actual factory overhead incurred f. At the end of the year, Kansas Company had the following account balances : Overapplied overhead Cost of goods sold Work-in-process inventory Finished goods invantory S 5,000 2,880,000 105,000 245,000 Assuming that the overapplied overhead i not material, show the new account balances in the following table. Overapplied Overhead Cost of Goods Sald Work-in-Process Inventory Finished Goods Inventory production costs. The company uses a predetermined overhead rale based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the Kansas Company uses a job costing accounting system for current year as follows Drect labor-hoUrs 150,000 S 900.000 180,000 210,000 51260 000 Variable overhead costs $1,080,000 sts Total overhead $1.512.c00 $1692 000 $1.872 000 The expected volume is 180.000 direct labor-hours for t entire vear, The following information is for March, when Jobs 6023 and 6024 were completed: inventories, March 1 ork in crecess Uob 6023) 5334,000 Finished goods rials and supplies Material 399.000 49,000 ls acd suceies requistioned for production 136.000 Job G025 78,000 Supplies S346 000 actory direct labor-hours (DLH 9.500 DLH Joh 6024 9 500 DLH Job 6025 6.000 DLH Labor costs Z25,000 /3.co0 Indrect laber wn 103.000 r salanes theat, licht, depreciation, atc.! Factory tacilities S 18 500 000 Frtonr equimect c aiices 12 anirs and maintanances Other 3,000 S 25,500 requirement a, assume that the predetermined ovemead rate is $9 per drect labor-hour Use this amount in answenng requrements o through e) (Nate: Regardess of vour answer Required: a. Compute the predetermined overhead rate (combined foxed and variable) to be used to apply overhead to individual jo bs during the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH b. Compute the total cost of Job 6023 when it is finished. The total cost of Job 6023 c. How much of factory overhead cost was applied to Job 6025 during March? Factory overhead cost of Job 0025 d. What total amou nt of overhead was applied to jobs during March? Total amount of overhead e. Compute actual factory overhead incurred during March. Actual factory overhead incurred f. At the end of the year, Kansas Company had the following account balances : Overapplied overhead Cost of goods sold Work-in-process inventory Finished goods invantory S 5,000 2,880,000 105,000 245,000 Assuming that the overapplied overhead i not material, show the new account balances in the following table. Overapplied Overhead Cost of Goods Sald Work-in-Process Inventory Finished Goods Inventory