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 31,600 41,300 50,600 Variable overhead costs $ 347,600 $ 454,300 $ 556,600 Fixed overhead costs 500,000 500,000 500,000 Total overhead $ 847,600 $ 954,300 $ 1,056,600 The expected volume is 41,300 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 $ 42,600 Work in process (Job 1011) 93,200 Finished goods 229,600 Purchases of raw materials and supplies Raw materials 630,400 Supplies 80,700 Materials and supplies requisitioned for production Job 1011 280,700 Job 1015 234,500 Job 1017 45,800 Supplies 74,800 $ 635,800 Machine-hours (MH) Job 1011 6,204 MH Job 1015 6,104 MH Job 1017 3,712 MH Direct labor-hours (DLH) Job 1011 14,060 DLH Job 1015 6,180 DLH Job 1017 3,780 DLH Labor costs Direct labor wages (all hours @ $12) $ 288,240 Indirect labor wages (12,300 hours) 64,575 Supervisory salaries 126,900 Building occupancy costs (heat, light, depreciation, etc.) Factory facilities $ 36,700 Sales and administrative offices 14,150 Factory equipment costs Power $ 21,780 Repairs and maintenance 8,170 Other 9,750 $ 39,700 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 $23.61 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: Balance Underapplied overhead $ 4,800,000 Cost of goods sold 67,900,000 Work-in-process inventory 9,700,000 Finished goods inventory 19,400,000 Show the Underapplied Overhead effect on the account balances in the following table.