Required information (The following infocmation appies to the cuestions displayed below] Bunnel Corporation is a manufacturer that uses job-order costing. On January 1 , the company/s inveresey balanes west as follows: The company apples ovechead cost to jobs on the basis at direct iahorhours. For the curient yeac, the domparys predefeemined overbead rate of $11.75 per diect labor-hour was besed on an cost formuls that estimated 5470000 of total manufocturing overbead for an estimated activily levei of 40,000 diect laboe hours The following iractsactions wern recorded for the year: a. Raw materials were purchased on account, $592,000 b. Aow materials used in production, $557,000. All of of the raw materials were used as direct materias. c. The following costs were accrued for employee services drect labod $420,000, indirect labot, 5150,009 seting and administrat/ve salanes, $295,000. d. Incurred vanous selling and administrative expenses (e 9 . advertising, sales travel costs, and firiahed goods warehousing), $381,000 e. Incurred various manufacturing overhead costs (e.g. depreciation, insurance, and ut ities, 5320000. t. Manufacturing overhead cost was applied to production. The compary actually worked 41000 drect iabor-hours on al jobs during the year. 9. Jobs costing $1,399,450 to manufacture according to their job cost sheets were completed duating the yeac, h. Jobs were sold on account to customers during the year for a total of 52,925,000, The jobs cost 51409450 to manulacture according to their job cost sheets. 3. What is the joumai entry to record the labor costs incurred during the year? gif no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet fiskei futher defbita before creiks