Script Company uses a job costing accounting system for its production costs. A predetermined overhead rate based on direct labor- hours is used to apply overhead to individual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows. Direct labor-hours: 30,100 Variable overhead costs $331,100 Fixed overhead costs Total overhead 500,000 $831,100 40,400 $444,400 500,000 $944,400 51,600 $ 567,600 500,000 $1,067,600 The expected volume is 40,400 direct labor-hours for the entire year. The following information is for October, when jobs 1011 and 1015 were completed. Inventories, October 1 Raw materials and supplies Work in process (Job 1011) Finished goods Purchases of raw materials and supplies Raw materials Supplies Materials and supplies requisitioned for production Job 1011 Job 1015 Job 1017 Supplies Machine-hours (MH) Job 1011 Job 1015 Job 1017 Direct labor-hours (DLH) Job 1011 43,500 91,700 228,900 630,900 79,400 279,500 233,700 45,900 75,300 $ 634,400 6,201 MH 6,119 MH 3,718 M 14.020 DLH Job 1015 Job 1017 Labor costs Direct labor wages (all hours @ $14) Indirect labor wages (13,000 hours) Supervisory salaries Factory facilities Building occupancy costs (heat, light, depreciation, etc.) Sales and administrative offices Factory equipment costs: Power Repairs and maintenance Other 6,110 DLH 3,770 DLH 334,600 68,250 127,200 35,600 14,190 $ 21,730 8,100 9,860 $ 39,690 Required: a. Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual jobs during the year. (Note: Regardless of your answer to requirement [a], assume that the predetermined overhead rate is $23.88 per direct labor-hour. Use this amount in answering requirements [b] through [e].) b. Compute the total cost of Job 1011 when it is finished. c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October. f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory. Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Compute the total cost of Job 1011 when it is finished. (Round your answer to the nearest dollar amount.) The total cost of Job 1011 c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What total amount of overhead was applied to jobs during October? (Round your answer to the nearest dollar amount.) Amount of overhead c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October. f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Compute actual factory overhead incurred during October. Actual factory overhead c. How much of factory overhead cost was applied to Job 1017 during October? d. What total amount of overhead was applied to jobs during October? e. Compute actual factory overhead incurred during October. f. At the end of the year, Script Company had the following account balances: Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance. $ 7,129,500 67,900,000 9,700,000 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F Show the Underapplied Overhead effect on the account balances in the following table. Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory < Required E Required F>