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 Fixed overhead costs Total overhead 38,800 $400,400 500,800 $901,200 40,600 $ 527,500 500,00 $1,028,600 $1,200 $665,600 500.000 $1,166,400 The expected volume is 40,600 direct labor-hours for the entire year. The following information is for October, when jobs 1011 and 1015 were completed $ 43,800 92,900 229,200 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 630,800 80,100 280, 200 233,700 45,900 76,000 635,800 6,201 MH 6,107 MH 3,709 MH 14,060 DLH 6,140 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 @ $14) Indirect labor wages (12,100 hours) Supervisory salaries Building occupancy costs (heat, light, depreciation, etc.) Factory facilities Sales and administrative offices Factory equipment costs Power Repairs and maintenance Other 335,720 63,525 128,000 $ 136,200 14,020 21,750 8,050 9,870 39,670 Underapplied overhead Cost of goods sold Work-in-process inventory Finished goods inventory Balance $ 6,835,500 65,100,000 9,300,000 18,600,000 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 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 por DLH Lagu Required B > 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 Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Required F How much of factory overhead cost was applied to Job 1017 during October? (Round your answer to the nearest dollar amount.) Factory overhead cost of Job 1017 Complete this question by entering your answers in the tabs below. Required A Required B Required 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 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E GOOOOOO Required F 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 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
