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Script Company uses a job costing accounting system for lts production costs. A predetermined overhead rate based on direct laborhours is used to apply overhead

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Script Company uses a job costing accounting system for lts production costs. A predetermined overhead rate based on direct laborhours is used to apply overhead to Individual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows. 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. Required: a. Compute the predetermined overhead rate (combined fixed and varlable) 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 $25.65 per direct labor-hour. Use this amount in answering requirements [b] through [e]. b. Compute the total cost of Job 1011 when it ls finished. c. How much of factory overhead cost was appled to Job 1017 during October? d. What total amount of overhead was applied to jobs durlng October? e. Compute actual factory overhead incurred during October. f. At the end of the year, Scrlpt Company had the following account balances: Script Company uses a job costing accounting system for lts production costs. A predetermined overhead rate based on direct laborhours is used to apply overhead to Individual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows. 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. Required: a. Compute the predetermined overhead rate (combined fixed and varlable) 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 $25.65 per direct labor-hour. Use this amount in answering requirements [b] through [e]. b. Compute the total cost of Job 1011 when it ls finished. c. How much of factory overhead cost was appled to Job 1017 during October? d. What total amount of overhead was applied to jobs durlng October? e. Compute actual factory overhead incurred during October. f. At the end of the year, Scrlpt Company had the following account balances

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