Renaissance Creations restores antique stained glass windows. All jobs generate some breakage or improper cuts. This scrap can be sold to stained glass hobbyists. Renaissance Creations expects to incur approximately 126,000 direct labor hours during the year. The following estimates are made in setting the predetermined overhead rate for the year:

Overhead costs other than breakage		$832,160
Estimated cost of scrap	$70,560
Estimated sales value of scrap	(20,720)	49,840
Total estimated overhead		$882,000

One job that Renaissance Creations completed during the year was a stained glass window of the Pierce family crest that took 350 hours, and direct labor is invoiced at $20 per hour. Total direct material cost for the job was $2,492. Scrap that was generated from this job was sold for $260. a. What was the predetermined overhead rate (set on the basis of direct labor hours) for the year? $Answer

per DLH b. What was the cost of the Pierce stained glass window? $Answer c. Prepare the journal entry to record the sales value of the scrap from the Pierce stained glass window.

Account	Debit	Credit
AnswerBy-Product InventoryCashFinished Goods InventoryManufacturing OverheadWork-in Process Inventory	Answer	Answer
AnswerBy-Product InventoryCashFinished Goods InventoryManufacturing OverheadWork-in Process Inventory	Answer	Answer

To record disposal value of spoiled work incurred on Job XX (stained glass window) d. Assume instead that only certain jobs generate scrap. What was the cost of the Pierce stained glass window? Note: Round your final answer to the nearest whole dollar.