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Required: 1. Mirage Mirror's predetermined overhead rate for manufacturing overhead is $16 per direct labour-hour The direct labour rate is $20 per hour. If the

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Required: 1. Mirage Mirror's predetermined overhead rate for manufacturing overhead is $16 per direct labour-hour The direct labour rate is $20 per hour. If the budgeted direct labour cost was $500,000, what was the budgeted manufacturing overhead? Budgeted manufacturing overhead 2. Zion wants to compute the total cost for preparing a corporate tax return for his client. His labour is the only direct cost at $73 per hour. He estimates monthly overhead costs at $8,700 for 174 direct labour- hours. If the tax return requires 12 hours to prepare, what will be the total direct cost, indirect cost, and job cost, respectively? Total direct cost Total indirect cost Total job cost 3. Kyle Corporation had the following account balances at the end of this year Direct materials inventory Work in process Finished goods Manufacturing overhead control Cost of goods sold $ 1,800 1,260 810 130 credit 930 a. Assuming that over- or underapplied overhead is written off to cost of goods sold, prepare the appropriate journal entry. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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