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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

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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 Variable overhead costs Pixed overhead costs Total overhead 30, 200 5422,800 500, 200 $923,000 41,800 $ 585,200 500, 200 $1,085,400 51,700 $ 723,800 500,200 $1,224,000 The expected volume is 41,800 direct labor-hours for the entire year. The following information is for October, when jobs 1011 and 1015 were completed 42,900 91,400 229,700 Inventories, October 1 Raw materials and supplies Work in process (Job 1011) Pinished goods Purchases of raw materials and supplies Raw materials Supplies Materials and supplies requisitioned for production Job 1011 Job 1015 Job 1017 Supplies 629,000 81,100 280,700 232,600 46,300 76,400 636,000 $ - Job 1015 Job 1017 Supplies 232,600 46,300 76,400 636,000 $ 6,205 MH 6,118 MH 3,705 MH 14,100 DLH 6,180 DLH 3,780 DLH Machine-hours (MH) Job 1011 Job 1015 Job 1017 Direct labor-hours (DLH) Job 1011 Job 1015 Job 1017 Labor costs Direct labor wages (all hours $12) Indirect labor wages (12,600 hours) Supervisory salaries Building occupancy costs (heat, light, depreciation, etc.) Factory facilities Sale and administrative offices Factory equipment costs Power Repairs and maintenance Other 288, 720 66,150 127,500 $ 36,000 14,120 $ 21,780 8,110 9,790 39,680 $ 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 $26.47 per direct labor-hour. Use this amount in answering requirements (b) through (el.) 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 $ 4,700,000 65,800,000 9,400,000 18,800,000 Required A Required B Required Required D Required E Required F Compute the predetermined overhead rate (combined fixed and variable) to be used to apply overhead to individual Jobs during the year. (Round your answer to 2 decimal places.) Overhead rate per DLH Required A Required B 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 Complete this question by entering your answers in the tabs below. Required A Required B Required cRequired D Required E Required How much of factory overhead cost words to Job 1017 during October? (Round your answer to the nearest dollar amount.) Factory overhead cost of Job 1017 LOVIC Complete this question by entering your answers in the tabs below. Required A Required B Required Requird 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 overtad Complete this question by entering your answers in the tabs below. Required F Required A Required B Required C Required D Required E Compute actual factory overhead incurred during October. Actual factory overhead Complete this question by entering your answers in the tabs below. Required a Required B Required 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

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