Question 24 Not yet saved The following data for the month of November, relates to the McDermott Company, a small cricket bat manufacturer located in Ipswich, QLD. The company uses job costing to determine the cost of products. Marked out of Balances at 1st November of unfinished jobs are as follows; Quiz navig 7:00 Job No. Materials Labour 103 $ 8,700 $ 7.500 question 104 Sectic $ 7,500 $ 3,600 105 $11.000 $ 8,900 Overhead in process $21,000 19 17 18 Other balances at 1st November: Raw materials inventory $22,000 Finished goods inventory Secti SO Raw material purchased during November: $48,000 21 22 Direct labour cost incurred during November Save and Job 103 $11,300 Job 104 $14,200 Time left Job 105 $12,700 Job 106 $11,500 Direct materials issued to production in November HELP D Job 103 $12,500 Job 104 $13,800 If you Job 105 $11,600 exam Job 106 $ 9,800 to com Jobs 103, 104, and 105 were completed during November, Jobs 103 and 104 were sold for $62,000 and $67,000 respectively. Overhead is allocated to jobs using direct labour dollars as the cost driver. Actual manufacturing overhead For IT costs of $39,000 were incurred during November. . Call 1) What is the overhead rate per direct labour dollar? (1 mark) (Enter amount only, do not use dollar signs) . Out 2) What is the cost of Job 104 at November Ist? (1 mark) (Enter amount only, do not use dollar signs or commas) Possi the q exam 3) What is the gross profit/loss on the sale of Job 103? (1 mark) (Enter amount and type in profit or loss after one blank space. Do not use dollar signs or commas) 4) What is the cost of closing WIP at the end of November? (1 mark) (Enter amount only, do not use dollar signs or commas) Activi As 5) What is the cost of goods manufactured during November? (1 mark) (Enter amount only, do not use dollar signs or commas) Qu Re Tu 6) What is the closing balance in the Finished goods inventory account? (1 mark) (Enter amount only, do not use dollar signs or commas) 7) Was manufacturing overhead under or over applied during November? (1 mark) (Enter amount and type in under or over after one blank space. Do not use dollar signs or commas)