- Q1: The commonwealth company uses a job-order cost system and applies manufacturing overhead cost to jobs using a predetermined overhead rate based on the cost odf materials used in production., The following transactions took place during the year (all purchases and services were acquired on account) A. Raw materials purchased 96000 B. Raw material requisitioned to used in production (Direct material); 88000 C. incurred $17000 of indirect labor on jobs D. Cost for salaries and wages incurred as follows - Direct labor 174000 E. Used $13000 of indirect raw materials - Required: Prepare the summary entries according to Job order costing system